U.S. Biotechnology Market Size & Outlook, 2024-2030
U.S. Biotechnology Market, 2018-2030 (US$M)
Global Market
Related Markets
U.S. biotechnology market highlights
- The U.S. biotechnology market generated a revenue of USD 552,397.3 million in 2023 and is expected to reach USD 1,249,621.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.4% 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 552,397.3 million |
| Market revenue in 2030 | USD 1,249,621.7 million |
| Growth rate | 12.4% (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, U.S. accounted for 35.6% 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 North America, U.S. biotechnology market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 206,813.8 million by 2030.
A majority of the clinical development in life sciences technologies for applications in oncology and infectious diseases is reported in the U.S. The successful completion of the human genome project paved way for the development of personalized medicine approaches.
Research, development, and commercialization of personalized medicine services and products takes place faster in the U.S. as compared to other countries around the globe. Moreover, introduction of automated solutions is anticipated to increase the adoption of life sciences tools among the end users.
For instance, the Smart Extraction technology developed by Analytik Jena is used to extract high molecular weight DNA from a range of samples. This automated extraction and purification of nucleic acids simplifies the workflow, increases efficiency, yield, and DNA quality.
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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 |
U.S. 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 44.26% in 2023.
Horizon Databook has segmented the U.S. 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.
A majority of the clinical development in life sciences technologies for applications in oncology and infectious diseases is reported in the U.S. The successful completion of the human genome project paved way for the development of personalized medicine approaches.
Research, development, and commercialization of personalized medicine services and products takes place faster in the U.S. as compared to other countries around the globe. Moreover, introduction of automated solutions is anticipated to increase the adoption of life sciences tools among the end users.
For instance, the Smart Extraction technology developed by Analytik Jena is used to extract high molecular weight DNA from a range of samples. This automated extraction and purification of nucleic acids simplifies the workflow, increases efficiency, yield, and DNA quality.
- U.S. 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
- U.S. 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 U.S. Biotechnology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Biotechnology Market, 2018-2030 (US$M)
U.S. biotechnology market statistics, by technology, 2018-2030 (US$M)
