Biotechnology Services Market Insights Shared in Detailed Report 2021- Parexel International Corporation; IQVIA; Thermo Fisher Scientific; Laboratory Corporation of America Holdings

Biotechnology Services Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global biotechnology services market reached a value of nearly $83,743.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.1% since 2015.

Top leading Companies Profiled in Biotechnology Services Market Report are Parexel International Corporation; IQVIA; Thermo Fisher Scientific; Laboratory Corporation of America Holdings; PRA HealthSciences

Markets Segmentation:

1) By Services: Health Education And Research; Food Biotechnology Services; Donor Recruitment; Tissue Collection; Cell Processing And Isolation; Research And Development

2) By Industry: Clinical Research Organizations (CROS); Contract Manufacturers Organizations (CMOS); Contract Research And Manufacturing Services (CRAMS)

3) By Area of Application: Pharmaceutical; Biotechnology; Academic; Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Market Overview

The market is expected to grow from $83,743.6 million in 2020 to $135,973.0 million in 2025 at a rate of 10.2%. The market is then expected to grow at a CAGR of 10.0% from 2025 and reach $218,924.7 million in 2030.

Growth in the historic period in the biotechnology services market resulted from strong economic growth in emerging markets, increased collaborations with other research institutes and companies. The market was restrained by decrease in government funding, lack of strong intellectual property (IP) protection laws.

Going forward rapid advancements in technology, rising non-communicable diseases, emphasis on innovation, rising demand for agriculture-based biotechnology services, growing demand for synthetic biology, developments and improvements in drug research and growth in personalized treatment will drive the growth in the biotechnology services market. Factors that could hinder the growth of the market in the future include skilled workforce shortages and decreasing reimbursements for research activities.

The biotechnology services market is segmented by service into health education and research, food biotechnology services, donor recruitment, tissue collection, cell processing and isolation, research and development. The research and development market was the largest segment of the biotechnology services market segmented by service, accounting for 49.1% of the total in 2020. Going forward, the donor recruitment market is expected to be the fastest growing segment in the biotechnology services market segmented by service, at a CAGR of 14.5% during 2020-2025.

The biotechnology services market is also segmented by industry into clinical research organizations (CROs), contract manufacturers organizations (CMOs), and contract research and manufacturing services (CRAMS). The contract manufacturers organizations (CMOs) market was the largest segment of the biotechnology services market segmented by industry, accounting for 39.6% of the total in 2020. Going forward, the clinical research organizations (CROs) market is expected to be the fastest growing segment in the biotechnology services market segmented by industry, at a CAGR of 14.5% during 2020-2025.

The biotechnology services market is also segmented by area of application into pharmaceuticals, biotechnology, academic, and others. The pharmaceuticals market was the largest segment of the biotechnology services market segmented by application, accounting for 40.0% of the total in 2020. Going forward, the academic market is expected to be the fastest growing segment in the biotechnology services market segmented by area of application, at a CAGR of 11.8% during 2020-2025.

Asia Pacific was the largest region in the biotechnology services market, accounting for 37.5% of the total in 2020. It was followed by the North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the biotechnology services market will be Asia-Pacific and Middle East where growth will be at CAGRs of 11.6% and 11.5% respectively during 2020-2025. These will be followed by South America and Africa, where the markets are expected to register CAGRs of 11.0% and 10.7% respectively during 2020-2025.

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Key Takeaways from Biotechnology Services Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Biotechnology Services market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Biotechnology Services market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Biotechnology Services

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In conclusion, the Biotechnology Services market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Biotechnology Services Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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