PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625455
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625455
The biotechnology market size is expected to reach USD 5.85 trillion by 2034, according to a new study by Polaris Market Research. The report "Biotechnology Market Size, Share, Trends, Industry Analysis Report: By Technology, Application (Bioinformatics, Food & Agriculture, Health, Industrial Processing, Natural Resources and Environment, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increase in the incidence of chronic diseases and the introduction of innovative treatments are driving the growth of biotechnology market revenue. Biotechnology proves highly beneficial in the treatment of many diseases, with the pharmaceutical industry employing biotechnological techniques from cultivating antibiotic-producing microorganisms in fermentation broth to obtaining a purified antibiotic product. Furthermore, the application of modern biotechnology has the potential to enhance the effectiveness of numerous disease-specific advanced therapeutic approaches. Biotechnology plays a crucial role in the healthcare system, contributing significantly to the production of numerous drugs and vaccines used in the treatment of various diseases. Additionally, various other medical procedures integral to the healthcare system involve the utilization of biotechnology.
The increasing desire for organic food products underscores the indispensability of biotechnology in the agricultural sector, contributing to the market's revenue growth. Biotechnology provides farmers with technologies that can render output more cost-effective and manageable. For instance, certain biotech crops can be genetically modified to withstand specific herbicides, enhancing the efficiency and effectiveness of weed control. Additionally, biotechnology supports breeding crops to be resistant to particular plant diseases and insect pests, due to which it becomes possible to minimize the use of synthetic pesticides and enhance pest control. These options in crop production not only reduce production costs but also aid countries in meeting the demand for food.
The DNA sequencing segment accounted for largest share in 2024 due to increase in government fundings in the genetic research
The health segment is market is expected to experience significant growth in the biotechnology market due to the increasing burden of diseases worldwide.
The Asia Pacific region is experiencing significant growth in the global market due to increasing investments, enhancements in healthcare infrastructure, favorable government initiatives, and strategic expansion efforts by key market players
In 2024, North America biotechnology market recorded largest revenue due to presence of key players, extensive research and development activities, and substantial healthcare expenditure.
The global key market players are Abbott Laboratories; Amgen Inc.; AstraZeneca; Biogen; Bristol-Myers Squibb; F. Hoffmann-La Roche Ltd.; Gilead Sciences, Inc.; Johnson & Johnson Services, Inc.; Lonza; Merck KGaA; Novartis AG; Novo Nordisk A/S; Pfizer, Inc and Sanofi.
Polaris market research has segmented the biotechnology market report based on technology, application and region:
By Technology (Revenue - USD Trillion, 2020-2034)
§ Fermentation
§ Tissue Engineering and Regeneration
§ Chromatography
§ PCR Technology
§ Nanobiotechnology
§ Cell-based Assays
§ DNA Sequencing
§ Others
By Application (Revenue - USD Trillion, 2020-2034)
§ Bioinformatics
§ Food & Agriculture
§ Health
§ Industrial Processing
§ Natural Resources & Environment
§ Others
Table 1 Global Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 2 Global Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 3 North America: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 4 North America: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 5 U.S.: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 6 U.S.: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 7 Canada: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 8 Canada: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 9 Europe: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 10 Europe: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 11 UK: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 12 UK: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 13 France: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 14 France: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 15 Germany: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 16 Germany: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 17 Italy: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 18 Italy: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 19 Spain: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 20 Spain: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 21 Netherlands: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 22 Netherlands: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 23 Russia: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 24 Russia: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 25 Rest of Europe: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 26 Rest of Europe: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 27 Asia Pacific: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 28 Asia Pacific: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 29 China: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 30 China: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 31 India: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 32 India: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 33 Malaysia: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 34 Malaysia: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 35 Japan: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 36 Japan: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 37 Indonesia: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 38 Indonesia: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 39 South Korea: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 40 South Korea: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 41 Australia: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 42 Australia: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 43 Rest of Asia Pacific: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 44 Rest of Asia Pacific: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 45 Middle East & Africa: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 46 Middle East & Africa: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 47 Saudi Arabia: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 48 Saudi Arabia: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 49 UAE: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 50 UAE: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 51 Israel: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 52 Israel: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 53 South Africa: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 54 South Africa: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 55 Rest of Middle East & Africa: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 56 Rest of Middle East & Africa: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 57 Latin America: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 58 Latin America: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 59 Mexico: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 60 Mexico: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 61 Brazil: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 62 Brazil: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 63 Argentina: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 64 Argentina: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
Table 65 Rest of Latin America: Biotechnology Market, by Technology, 2020-2034 (USD Trillion)
Table 66 Rest of Latin America: Biotechnology Market, by Application, 2020-2034 (USD Trillion)
List of Figures:
Figure 1. Global Biotechnology Market, 2020-2034 (USD Trillion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Technology
Figure 7. Global Biotechnology Market, by Technology, 2024 & 2034 (USD Trillion)
Figure 8. Market by Application
Figure 9. Global Biotechnology Market, by Application, 2024 & 2034 (USD Trillion)