Global Biotechnology Market Size & Outlook, 2024-2030
Global biotechnology market, 2018-2030 (US$M)
Related Markets
Global biotechnology market highlights
- The global biotechnology market generated a revenue of USD 1,553,854.0 million in 2023 and is expected to reach USD 3,879,508.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14% by 2030.
- In terms of segment, health accounted for a revenue of USD 692,622.7 million in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,553,854.0 million |
| Market revenue in 2030 | USD 3,879,508.3 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 41.4% of the global biotechnology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 14,806.5 million by 2030.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Biogen Inc | View profile | 7570 | 225 Binney Street, Cambridge, MA, United States, 02142 | https://www.biogen.com |
| Gilead Sciences Inc | View profile | 18000 | 333 Lakeside Drive, Foster, CA, United States, 94404 | https://www.gilead.com |
| AstraZeneca PLC | View profile | 89900 | 1 Francis Crick Avenue, Cambridge Biomedical Campus, Cambridge, United Kingdom, CB2 0AA | https://www.astrazeneca.com |
| Novo Nordisk A/S ADR | View profile | 66015 | Novo Alle 1, Bagsvaerd, Denmark, 2880 | https://www.novonordisk.com |
| Bristol-Myers Squibb Co | View profile | 34100 | Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 | https://www.bms.com |
| Roche Holding AG | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Lonza Group Ltd | View profile | 18000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | https://www.lonza.com |
| Sanofi SA | View profile | 87994 | 46, avenue de la Grande Armée, Paris, France, 75017 | https://www.sanofi.com |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
| Amgen Inc | View profile | 26700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | https://www.amgen.com |
| Novartis AG ADR | View profile | 76057 | Lichtstrasse 35, Basel, Switzerland, 4056 | https://www.novartis.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Global biotechnology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biotechnology market will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 44.57% in 2023. Horizon Databook has segmented the Global biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biotechnology Application Outlook (Revenue, USD Million, 2018-2030)
- Natural reseources & Environment
- Others Applications
- Health
- Food & Agriculture
- Bioinformatics
- Industrial Processing
- Global Biotechnology Technology Outlook (Revenue, USD Million, 2018-2030)
- DNA Sequencing
- Nanobiotechnology
- Tissue engineering and Regeneration
- Fermentation
- Cell Based Assay
- Others
- PCR Technology
- Chromatography Market
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Horizon Databook provides a detailed overview of global-level data and insights on the Global biotechnology market , including forecasts for subscribers. This global databook contains high-level insights into Global biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global biotechnology market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biotechnology market size, 2023 (US$M)
Global biotechnology market share, by application, 2023 & 2030 (%, US$M)
Biotechnology market: Opportunity assessment by country
Global biotechnology market, by region, 2023 (US$M)
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