Global Red Biotechnology Market size is expected to reach US$ 1,513.22 Bn by 2030, from US$ 742.80 Bn in 2023, exhibiting a CAGR of 10.7% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 742.80 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
10.70% |
2030 Value Projection: |
US$ 1,513.22 Bn |
Figure 1. Global Red Biotechnology Market Share (%), By Region, 2023

Red biotechnology, also known as medical biotechnology, is a subsector of biotechnology that focuses on medical and healthcare applications. It involves the use of biotechnology techniques to develop new drugs, therapies, and medical technologies for the treatment and prevention of diseases. Moreover, Red biotechnology is used in the development of diagnostic tools, such as genetic tests, that can be used to detect diseases at an early stage. Red biotechnology is also used in stem cell research, which has the potential to revolutionize the treatment of a wide range of diseases and conditions, from cancer to spinal cord injuries. Furthermore, Red biotechnology plays a crucial role in the discovery and development of new drugs. This includes the use of genetic engineering to create novel therapies, as well as the development of personalized medicine based on an individual's genetic profile. Red biotechnology is used in gene therapy, a technique that uses genes to treat or prevent disease. This can involve replacing a faulty gene, or introducing a new gene into the body to help fight disease.
Market Dynamics:
Global red biotechnology market growth is driven by several factors like increasing global healthcare needs due to aging populations, rising chronic diseases, and pandemics. Advances in genomics, personalized medicine, and gene therapies are also key drivers for the market growth. Government investments, regulatory support, and growing private sector interest contribute to the growth of global red biotechnology that aims to develop innovative medical treatments and therapies. However, high costs associated with biologics drug development is expected to restrain the market growth.
Key features of the study:
- This report provides in-depth analysis of the global red biotechnology market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global red biotechnology market based on the following parameters-company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amgen Inc., Gilead Sciences, Inc., Biogen, Pfizer Inc., Novartis AG, F. Hoffmann-La Roche, Johnson & Johnson Services, Inc., Sanofi, Merck & Co. Inc., AbbVie Inc., GSK plc., AstraZeneca, Eli Lilly and Company, Novo Nordisk A/S, Bayer AG, Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Boehringer Ingelheim International GmbH and Astellas Pharma Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global red biotechnology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global red biotechnology market
Detailed Segmentation:
- By Product Type
- Biopharmaceuticals
- Biosimilars
- Gene Therapy
- Tissue Engineering
- Cell Therapy
- By Application
- Drug Discovery & Development
- Animal Biotechnology
- Environmental Biotechnology
- Medical Biotechnology
- Industrial Biotechnology
- Agricultural Biotechnology
- Others
- By End User
- Pharmaceutical & Biopharmaceutical Companies
- Research Institutes
- Biotechnology Industry
- Hospitals & Diagnostic Centers
- Academic Institutions
- Top companies in Global Red Biotechnology Market
- Amgen Inc.
- Gilead Sciences, Inc.
- Biogen
- Pfizer Inc.
- Novartis AG,
- F.Hoffmann-La Roche
- Johnson & Johnson Services, Inc.
- Sanofi
- Merck & Co. Inc.
- AbbVie Inc.
- GSK plc.
- AstraZeneca
- Eli Lilly and Company
- Novo Nordisk A/S
- Bayer AG
- Bristol-Myers Squibb Company
- Teva Pharmaceutical Industries Ltd.
- Takeda Pharmaceutical Company Limited
- Boehringer Ingelheim International GmbH
- Astellas Pharma Inc