Biotech Market 2025-2029
The biotech market is forecasted to grow by USD 805.6 bn during 2024-2029, accelerating at a CAGR of 12.4% during the forecast period. The report on the biotech market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing innovation by market vendors, prevalence of chronic diseases, and growing research for novel therapies.
Technavio's biotech market is segmented as below:
By Product
- Biologics
- Therapeutics
- Diagnostics
- Industrial biotechnology
- Others
By Type
- Red biotechnology
- White biotechnology
- Green biotechnology
- Grey biotechnology
- Others
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing investment by market vendors as one of the prime reasons driving the biotech market growth during the next few years. Also, inorganic growth strategies by market vendors and growing production facilities by market vendors will lead to sizable demand in the market.
The report on the biotech market covers the following areas:
- Biotech Market sizing
- Biotech Market forecast
- Biotech Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biotech market vendors that include AbbVie Inc., Amgen Inc., AstraZeneca Plc, BeiGene Ltd., BioMarin Pharmaceutical Inc., BioNTech SE, CSL Ltd., F. Hoffmann La Roche Ltd., Genmab AS, Gilead Sciences Inc., Johnson and Johnson Inc., Moderna Inc., Novartis AG, Novo Nordisk AS, Pfizer Inc., Regeneron Pharmaceuticals Inc., Sanofi SA, Takeda Pharmaceutical Co. Ltd., Thermo Fisher Scientific Inc., and Vertex Pharmaceuticals Inc.. Also, the biotech market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth."