July 31, 2021, 5:51 a.m. EDT

Biotechnology Market Report, Size with Growth Research 2021 - Comprehensive Insights by Demand Status, Industry Share, Opportunities Forecast to 2027

Global Biotechnology Market is expected to reach the market valuation of USD X billion by 2027 expanding at a reasonable CAGR of X% during the forecast period (2021-2027) from USD X billion in 2020.

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Jul 31, 2021 (The Expresswire) -- A comprehensive overview of the Biotechnology market is recently added by UnivDatos Market Insights to its humongous database. The Biotechnology market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Biotechnology market. The Biotechnology market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Biotechnology market at the global and regional levels. The Global Biotechnology Market is expected to grow Higher by 2027 .

Market Overview

The Global Biotechnology Market is experiencing significant growth on account of chronic conditions including cancer, diabetes, cardiovascular disorders worldwide, etc. The demand for novel gene therapies, including DNA sequencing for better treatment outcomes, will increase as the patient pool with chronic diseases grows. Furthermore, the rising prevalence of chronic illnesses is due to an increase in the consumption of ba d diets, as well as lifestyle choices such as alco-hol drinking and smoking.

According to the WHO's 2018 report, cancer was the second biggest cause of death worldwide in 2018, with 9.6 million deaths estimated. The industry will develop thanks to a wide range of uses and rising demand for vaccinations and efficient treatments. Furthermore, increasing RandD spending for biotechnology developments and boosting healthcare access in places with unmet medical requirements would boost revenue.

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Moreover, agricultural companies are concentrating their efforts on bringing agricultural innovations to market in order to boost production through long-term solutions. For example, BASF said in February 2020 that by 2029, it will have launched more than 30 initiatives aimed at producing novel seeds, traits, biological and chemical crop protection solutions, new formulations, and digital products. However, risks associated to hereditary information can prevent the market to grow in the coming years.

COVID-19 Impact

The COVID19 has resulted in a profound reevaluation of the advantages and costs of cancer care. Biotech companies are at the forefront of the development of COVID-19-targeting medications. For instance, Gilead Sciences, Inc. got FDA approval for antiviral Remdesivir for the treatment of COVID-19 patients just 8 months after the first case. Despite of the disruption in supply chain and distribution due COVID-19 outbreak there has been a substantial increase in investments in the biotech sector owing to the provision of safety against SARS-CoV-2 virus. As the growing interest in biotech companies was witnessed after the COVID-19 pandemic outbreak, investors invested more than USD 13 billion in biotechnology companies, in 2020 globally. It gave opportunities for variousf novel scientific activities, especially in biotechnology. Extensive investments in the industry accelerated development of innovative new drugs, gene therapies and vaccines in essential therapeutic areas.

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Global Biotechnology Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Technology, the market is primarily bifurcated into

  • Nanobiotechnology

  • Tissue engineering and regeneration

  • DNA sequencing

  • Cell-based assays

  • Fermentation

  • PCR technology

  • Chromatography

  • others

Nanotechnology segment dominated the by type of the global Biotechnology market and will row at X% CAGR to reach US$ X billion by the year 2027.

By Application, the market is primarily segmented into

  • Bio-pharmacy

  • Bio-services

  • Bio-agriculture

  • Bio-industrial

  • Bioinformatics

Amongst application type, bio-agriculture accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027.

Biotechnology Market Geographical Segmentation Includes:

  • North America (United States, Canada, Rest of North America)

  • Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)

  • Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)

  • Rest of the World

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