Market Analysis
The global biotechnology market is anticipated to achieve USD 727.1 billion by 2025 and it was evaluated as USD 369.62 billion in 2016 with an average annual growth rate of CAGR 11.6% from 2012 to 2019 and reach a value worth USD 414.5 billion by the end of 2019
biology analysis market projected to reach USD 41.34 Billion by 2021 from USD 28.66 Billion in 2016, growing at a CAGR of 7.6%. The total market for Biomedical engineering is projected to reach USD 233.3 billion by 2020.The Global Clinical Microbiology Market was estimated at USD 3.35 Billion in 2016 and expected to reach USD 5.77 Billion by 2021, at a CAGR of 11.5%, during 2016 to 2021.
The global regenerative medicine market size was evaluated at USD 1,792.1 million in 2016. The global genomics and proteomics market was estimated at US$36.76 billion in 2015 and is esteemed to reach US$52.35 billion by 2019.The total biopharmaceuticals market is projected to reach US$ 278,232.9 Mn by 2020 at a CAGR of 9.4% and it was valued at US$ 161,851.6 Mn in 2014. The global biopharmaceutical manufacturing market size was valued at USD 26.12 billion in 2016.
The global market for agricultural biotechnology expected to expand at USD 53.7 billion in 2022, at a CAGR of 10.8%.The global market for microbiology technology should reach $12.3 billion by 2020, with a CAGR of 4.6% from 2015 to 2020.The global market for vaccine technologies is projected to reach USD 46.6 billion by 2022 and it was valued at $35.7 billion in 2017 with a CAGR of 5.5 % between 2017 -2022.
The global market for glycobiology is expected to expand at USD50.1 billion by 2021 that valued as $24.6 billion in 2016 at a CAGR of 15.3% for the period of 2016-2021.
Importance & Scope
- Biotechnology is technology or set of techniques based on biology - biotechnology harnesses cellular and bio molecular processes to develop products and technologies.
- In Current Scenario there are more than 250 biotechnology health care products and vaccines available to patients, for many previously untreatable diseases.
- More than 13.3 million farmers around the world were using agricultural biotechnology to increase yields of their farm and to prevent damage from insects, pests and reduce farming’s impact on the environment.
- Modern biotechnology provides breakthrough on products and technologies to combat the debilitating and rare diseases and to reduce our environmental footprint, feed the hungry, and use less and cleaner energy, and have safer, cleaner and more efficient industrial manufacturing processes.
Greatest Achievements in the Field of biotechnology and health care
- Herbicide Tolerant Crop Plants
- Engineering for Virus Resistance
- Crop plants Resistant to Insect Attack
- Resistance to Pathogenic Fungi and Bacteria
- Engineering for Tolerance Against Abiotic Stresses
- Introduction of Nuclear Male Sterility
- Genetic Engineering for Human Welfare
- Biotechnological Applications of Plant Cell Tissues and Organ Cultures
- Biological Control of Plant Pathogens, Pests and Weeds
- Primary Metabolites, Secondary Metabolites and Enzyme Technology
- Biomass Energy (Bio-energy)