Asia Pacific Biotechnology Market Size & Outlook, 2024-2030
Asia Pacific Biotechnology Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific biotechnology market highlights
- The Asia Pacific biotechnology market generated a revenue of USD 284,782.9 million in 2023.
- The market is expected to grow at a CAGR of 18.2% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 284,782.9 million |
| Market revenue in 2030 | USD 916,391.1 million |
| Growth rate | 18.2% (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 |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.3% of the global biotechnology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 916,391.1 million by 2030.
Asia Pacific is the fastest-growing region globally, owing to rapidly improving economy, rising geriatric population, and growing investments in the biotechnology sector. Key factors driving the Asia Pacific’s biotechnology market include growing demand for biotech tools in R&D activities, improving adoption of laboratory automation, increasing government attention on biotech & healthcare sectors, growing geriatric population, and rising burden of chronic disorders.
However, the market is restrained by factors such as uneven economy, low adoption of lab automation in developing economies, and majority presence of small & midsized companies with limited investment capability.
The biotechnology market is also expected to exhibit growth due to the pandemic, which has caused a high demand for diagnostic tools and need of medical infrastructure. It has created major opportunities for companies operating in the biotechnology market looking to bridge the gap between supply and demand.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Novartis AG ADR | View profile | 76,057 | Lichtstrasse 35, Basel, Switzerland, 4056 | www.novartis.com |
| Amgen Inc | View profile | 26,700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | www.amgen.com |
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Pfizer Inc | View profile | 88,000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | www.pfizer.com |
| Sanofi SA | View profile | 87,994 | 46, avenue de la Grande Armée, Paris, France, 75017 | www.sanofi.com |
| Lonza Group Ltd | View profile | 18,000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | www.lonza.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Bristol-Myers Squibb Co | View profile | 34,100 | Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 | www.bms.com |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 44.99% in 2023.
Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is the fastest-growing region globally, owing to rapidly improving economy, rising geriatric population, and growing investments in the biotechnology sector. Key factors driving the Asia Pacific’s biotechnology market include growing demand for biotech tools in R&D activities, improving adoption of laboratory automation, increasing government attention on biotech & healthcare sectors, growing geriatric population, and rising burden of chronic disorders.
However, the market is restrained by factors such as uneven economy, low adoption of lab automation in developing economies, and majority presence of small & midsized companies with limited investment capability.
The biotechnology market is also expected to exhibit growth due to the pandemic, which has caused a high demand for diagnostic tools and need of medical infrastructure. It has created major opportunities for companies operating in the biotechnology market looking to bridge the gap between supply and demand.
- Asia Pacific Biotechnology Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Fermentation
- Chromatography Market
- DNA Sequencing
- Cell Based Assay
- Others
- PCR Technology
- Nanobiotechnology
- Tissue engineering and Regeneration
- Asia Pacific Biotechnology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Natural reseources & Environment
- Others Applications
- Food & Agriculture
- Health
- Industrial Processing
- Bioinformatics
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Biotechnology Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific biotechnology market statistics, by technology, 2018-2030 (US$M)
