It's alive: The industry is forecast to grow due to increased demand from healthcare sectors

Biotechnology refers to the use of living organisms, or their products, to modify human health and the environment. Biotechnology is becoming an increasingly important part of product development in a variety of sectors, with businesses using biotech applications to address many social and economic issues such as human health, food security and alternative fuel issues. While government and non-profit organisations remain important sources of funding, the private sector is also contributing to industry revenue. Several companies have reached commercial readiness, with robust product pipelines and the support of international partners improving their attractiveness to more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Biotechnology has become an important part of product development in a variety of industries
  • The industry has benefited from the recent slowdown in resources sector investment
  • Biotechnology products will become increasingly important for bio-pharmaceutical drug portfolios
  • Industry Report - Industry Products Chapter

    Most biotechnology companies are small- to medium-size enterprises that focus on a small number of product lines. Nearly all of these companies seek to develop products, although only a few operate in the marketplace and sell these products to consumers. Many biotech companies license their products to other companies that have a market presence, including larger multinational players. Most industry companies research and develop new therapeutic or diagnostic products that target human diseases, although a growing number of companies focus on agricultural and industrial biotech applications.As little information is available, the Biotechnology industry's product segmentation is based on the number of enterprises operating in each major field. It ...purchase to read more.

    Additional Insights for the Biotechnology Industry

    IBISWorld has determined the most important Key Success Factors for the Biotechnology are:

  • Access to niche markets
  • Ability to quickly adopt new technology
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Private research and development expenditure and All Ordinaries index in the Biotechnology industry impact industry performance..

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    What's in this report

    What is the Biotechnology Industry?

    Biotechnology involves applying science and technology to living organisms, and parts, products and models, to alter living or non-living materials to produce knowledge and biotechnology products and services. The industry includes biotechnology research and development, licensing, product manufacturing and product wholesaling. Companies that focus on medical devices are not included in the industry.

    Industry Products
  • Other products and services
  • Environmental and natural resource recovery
  • Human health biotechnology
  • Agricultural biotechnology
  • Food production and processing technologies
  • Industrial biotechnology
  • Industry Activities
  • DNA coding
  • Cell and tissue culture engineering
  • Process biotechnologies
  • Sub-cellular organisms
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private research and development expenditure
  • All Ordinaries index
  • Business confidence index
  • Total health expenditure
  • Population aged 70 and older

  • Current Performance
  • Government support
  • Alternative cash sources
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability
  • Biotech applications
  • Table: Biotechnology Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Biotechnology Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tea, Coffee and Other Food Manufacturing
  • Pharmaceutical Product Manufacturing
  • Specialist Medical Services
  • Agribusiness

  • Key Selling Industries
  • General Hospitals
  • Scientific Research Services

  • Products & Services
  • Human health biotechnology
  • Agricultural biotechnology
  • Industrial biotechnology
  • Environmental and natural resource recovery
  • Food production and processing technologies
  • Other products and services
  • Chart: Biotechnology Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pharmaceutical sector
  • Governments
  • Farmers and food processors
  • Other markets
  • Chart: Major Market Segmentation for the Biotechnology Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • R&D expenditure
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Biotechnology

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Biotechnology Industry

  • Industry Globalization
    CSL Limited,
  • Table: CSL Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Biotechnology Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Biotechnology Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Angel Investors
  • An investor who provides financial backing for small start-ups. Angel investors are often family or friends-based and focus on helping the business succeed rather than maximising returns.
  • Biologicals
  • These refer to medicinal preparations that contain active substances made or derived from living organisms. They can include vaccines, immunotherapies, gene therapy and stem cell or tissue therapy.
  • Biomining
  • Biomining is the process of using microorganisms to extract metals of economic value from rock ores or mine waste.
  • Biosimilars
  • Biosimilars are biological medicinal products that contain a version of the active substance of an already authorised original biological medicinal product.
  • Gene Therapy
  • Gene therapy involves the insertion of genes into a person's cells and tissues for medical purposes (e.g. to treat disease).
  • Genetic Modification (Gm)
  • Direct manipulation to alter the structure and characteristics of genes (e.g. from plants, animals, humans or organisms). An example is altering plant DNA to increase crop yield and resistance.
  • Venture Capital
  • Private equity provided to early stage companies with high growth potential. Venture capitalists often use their expertise to take an active role in the management and direction of the company.
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    Why buy this report?

    The Biotechnology market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Biotechnology:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Biotechnology market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Biotechnology, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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