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Global Biotechnology Market Expected To Grow To $604.40 Billion By 2020 - Latest Report by Grand View Research

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Global Biotechnology Market Expected To Grow To $604.40 Billion By 2020 - Latest Report by Grand View Research

The global market for biotechnology is expected to reach USD 604.40 billion by 2020, according to a new study by Grand View Research, Inc. Increasing application scope coupled with the rising demand for effective vaccines and drugs in an attempt to improve healthcare access to patients with unmet medical needs is expected to drive market demand over the next six years. In addition, the need to enhance agricultural productivity via the use of genetically engineered seeds is expected to serve this market as a driver.

Full report with TOC available at http://www.grandviewresearch.com/industry-analysis/biotechnology-market

Biopharmacy dominated the overall market, accounting for over 60% of the total revenue in 2013. High costs associated with the drug discovery process coupled with increasing healthcare expenditures in emerging markets such as India, China and Brazil are some of the factors augmenting biopahrmacy growth. Growing popularity of contract research outsourcing (CRO) services in an attempt to curb manufacturing and R&D costs are expected to drive bioservices demand, which is expected to be the fastest growing application market for biotechnology.

Request Free Sample of This Report at http://www.grandviewresearch.com/industry-analysis/biotechnology-market/request

For the purpose of this study, Grand View Research has segmented the global biotechnology market on the basis of application and region:

    • Biotechnology Application Outlook
            • Medical Gases
            • BioPharmacy
            • BioServices
            • BioAgriculture
            • BioIndustrial
    • Biotechnology Technology Outlook
            • Fermentation
            • Tissue engineering and Regeneration
            • PCR Tehnology
            • Nanobiotechnology
            • Chromatography Market
            • DNA Sequencing
            • Cell Based Assay
            • Others
    • Biotechnology Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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