Polaris Market Research published the latest new study report “Biotechnology Market” between 2019 and 2026. this report presents the market drivers and industry trends globally across five regions: North America, Europe, Asia Pacific, Latin America & Middle East & Africa, which impacts the current nature and future status of the Biostimulants market over the forecast period.
This market report offers an in-depth analysis of the Biotechnology Industry Share, Size, Trends & Industry Analysis Report, By Technology (Fermentation, Tissue Engineering, and Regeneration, PCR Technology, Nanobiotechnology, Chromatography, DNA Sequencing, Cell-Based AssaysOthers); By Application (BioPharmacy, BioServices, BioAgriculture, BioIndustrial, Bioinformatics); and By Regions: Segment Forecast, 2019 – 2026’ the global biotechnology market is estimated to reach USD 741.7 billion by 2026 growing at a CAGR of 7.7% during the forecast period. it provides an extensive analysis of present market dynamics and predicted future trends.
Growing hepatitis B disease, increasing interest of horticultural items such as sugarcane, rice, beans, and wheat due from the increasing populations in economies such as U.S., China and India are expected to push the overall biotechnology market. The growth of this market is further propelled by elements such as deficiency of water, low yield of items, insect attacks, and constrained availability of agrarian land, which is promoting the companies to invest and conduct R&D activities at a broader scale. Another factor which is helping the market growth includes regenerative medicines. Existence of a huge section of businesses concentrating on the advancement of regenerative treatments is anticipated to push the market development through to 2026. Technological developments in the areas of artificial intelligence in this market is estimated to sustain progress with possible opportunities. The companies are engaged in using artificial intelligence in order to understand cancer cases, while working on the medical trials.
North American pharma and biotech organizations have experienced excellent success in last couple of years resulting in a larger market share. Universities and research institutes are also introducing various biotech-based programs which would help the market to gain its much-required traction. The Asia Pacific market on the other hand is anticipated to grow at the most significant rate due to improving and growing healthcare infrastructure coupled with local companies in this region focusing on developing advanced medicines to cure chronic diseases such as cancer with the help of biotechnology. With strong government and federal assistance and recruitment of extremely trained researchers has made it possible for countries such as China and India to swiftly develop capacity for regenerative medication.
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Some of the major players operating in this market include Abbott Laboratories, Agilent Technologies, Amgen, BioGen Medical Instruments, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen, Thermo Fisher Scientific, Gilead, Celgene, Novo Nordisk A/S, Novartis AG, Sanofi Aventis, and Lonza.
Polaris Market Research has segmented the global biotechnology market on the basis of technology, application and region:
Biotechnology Technology Outlook (Revenue, USD Billion, 2015 – 2026)
Tissue regeneration and engineering
Cell based assays
Biotechnology Application Outlook (Revenue, USD Billion, 2015 – 2026)
Biotechnology Regional Outlook (Revenue, USD Billion, 2015 – 2026)
Middle East & Africa
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