Global Biotechnology Market Research Report 2021-2026
Posted by James Grey on October 17th, 2021
Bharat Book Bureau Provides the Trending Market Research Report on “Global Biotechnology Market, By Application, By End User, By Region, Competition Forecast & Opportunities, 2026” under Life Sciences Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Biotechnology Market stood at USD627.63 billion in 2020 and is expected to grow at a CAGR of 8.57% during the forecast period. The growth can be ascribed to the growing demand for biotechnology applications and products across various end user industries including food, agriculture, healthcare, among others. Additionally, growing investments in the field of biotechnology as well as increasing demand for synthetic biology are further expected to spur the market growth over the next few years. Furthermore, the sudden outbreak and spread of the COVID-19 pandemic has increased the demand for biotechnology products such as vaccines, diagnostic tests, drugs, among others; thereby positively impacting the market growth. Besides, technological advancements and adoption & intersection of technologies such as Artificial Intelligence, Big Data Analytics, among others in the field of biotechnology is further expected to create lucrative opportunities for the growth over the next few years.
Years considered for this report:
Objective of the Study:
we performed both primary as well as exhaustive secondary research for this study. Initially, we sourced a list of service providers across the globe. Subsequently, we conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, we could include the service providers who could not be identified due to the limitations of secondary research. we analyzed the service providers, distribution channels and presence of all major players across the globe.
we calculated the market size of global biotechnology market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. we sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by us.
Key Target Audience:
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About the AuthorJames Grey
Joined: January 11th, 2021
Articles Posted: 460
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