China Biotechnology Market Size & Outlook, 2024-2030
China Biotechnology Market, 2018-2030 (US$M)
Global Market
Related Markets
China biotechnology market highlights
- The China biotechnology market generated a revenue of USD 74,157.0 million in 2023 and is expected to reach USD 262,958.1 million by 2030.
- The China market is expected to grow at a CAGR of 19.8% 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.
Biotechnology market data book summary
| Market revenue in 2023 | USD 74,157.0 million |
| Market revenue in 2030 | USD 262,958.1 million |
| Growth rate | 19.8% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 4.8% of the global biotechnology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan biotechnology market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 262,958.1 million by 2030.
China is estimated to be the second largest country for T-cell therapy clinical trials globally. Approximately 80% of these trials are conducted by local hospitals, indicating increase in cancer research. Thus, market players are focusing on cancer immunotherapy-based products in China.
Some of the major companies in the market are Innovative Cellular Therapeutics, Cellular Biomedicine Group, CARs gen Therapeutics, Person Gen Biomedicine, and Hebei Sen lang Biotech. Thus, rising research in the country is expected to fuel the market growth during the forecast period.
In China, lab automation is not widely accepted, but the market is picking up pace with growing demand for rapid and high-throughput testing. The head of a clinical laboratory at Zhong shan Hospital and Peking Union Medical College Hospital stated that the demand for better healthcare services has increased significantly in the country.
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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 |
China 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 45.06% in 2023.
Horizon Databook has segmented the China 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.
China is estimated to be the second largest country for T-cell therapy clinical trials globally. Approximately 80% of these trials are conducted by local hospitals, indicating increase in cancer research. Thus, market players are focusing on cancer immunotherapy-based products in China.
Some of the major companies in the market are Innovative Cellular Therapeutics, Cellular Biomedicine Group, CARs gen Therapeutics, Person Gen Biomedicine, and Hebei Sen lang Biotech. Thus, rising research in the country is expected to fuel the market growth during the forecast period.
In China, lab automation is not widely accepted, but the market is picking up pace with growing demand for rapid and high-throughput testing. The head of a clinical laboratory at Zhong shan Hospital and Peking Union Medical College Hospital stated that the demand for better healthcare services has increased significantly in the country.
- China 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
- China 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 country-level data and insights on the China Biotechnology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Biotechnology Market, 2018-2030 (US$M)
China biotechnology market statistics, by technology, 2018-2030 (US$M)
