Global Biotechnology Market Size & Outlook, 2023-2030
Global biotechnology market, 2018-2030 (US$M)
Related Markets
Global biotechnology market highlights
- The global biotechnology market generated a revenue of USD 1,553,854.0 million in 2023 and is expected to reach USD 3,879,508.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14% by 2030.
- In terms of segment, health accounted for a revenue of USD 692,622.7 million in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,553,854.0 million |
| Market revenue in 2030 | USD 3,879,508.3 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 41.4% of the global biotechnology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 14,806.5 million by 2030.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global biotechnology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biotechnology market will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 44.57% in 2023. Horizon Databook has segmented the Global biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biotechnology Application Outlook (Revenue, USD Million, 2018-2030)
- Health
- Food & Agriculture
- Natural reseources & Environment
- Industrial Processing
- Bioinformatics
- Others Applications
- Global Biotechnology Technology Outlook (Revenue, USD Million, 2018-2030)
- DNA Sequencing
- Nanobiotechnology
- Tissue engineering and Regeneration
- Fermentation
- Cell Based Assay
- PCR Technology
- Chromatography Market
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global biotechnology market , including forecasts for subscribers. This global databook contains high-level insights into Global biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global biotechnology market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biotechnology market size, 2023 (US$M)
Global biotechnology market share, by application, 2023 & 2030 (%, US$M)
Biotechnology market: Opportunity assessment by country
Global biotechnology market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 207,417.8 | 231,374.7 | 316,159.1 | 428,342.5 | 571,166.5 | 642,770.9 | 722,961.5 | 813,369.0 | 913,743.9 | 1,026,867.0 | 1,152,755.8 | 1,295,311.7 | 1,456,435.5 | 12.4% |
| Europe | 151,720.3 | 169,718.7 | 232,723.9 | 316,662.8 | 424,413.0 | 480,215.1 | 543,829.6 | 616,037.6 | 697,528.0 | 789,527.3 | 892,898.1 | 1,010,055.7 | 1,144,370.4 | 13.2% |
| Asia Pacific | 87,190.4 | 97,367.0 | 133,717.7 | 182,985.5 | 247,676.4 | 284,782.9 | 329,911.2 | 384,496.3 | 452,794.9 | 536,149.5 | 639,964.9 | 765,670.4 | 916,391.1 | 18.2% |
| Latin America | 26,082.7 | 29,366.3 | 40,477.2 | 55,362.8 | 74,497.7 | 84,697.7 | 96,369.2 | 109,799.8 | 125,198.8 | 142,924.5 | 163,333.9 | 186,594.9 | 213,629.8 | 14.1% |
| MEA | 19,400.8 | 21,724.0 | 29,806.5 | 40,569.2 | 54,303.0 | 61,387.4 | 69,442.9 | 78,639.6 | 89,113.8 | 101,070.4 | 114,810.9 | 130,584.0 | 148,681.4 | 13.5% |
| Overall | 491,811.9 | 549,550.6 | 752,884.4 | 1,023,922.7 | 1,372,056.5 | 1,553,854.0 | 1,762,514.3 | 2,002,342.2 | 2,278,379.4 | 2,596,538.8 | 2,963,763.6 | 3,388,216.8 | 3,879,508.3 | 14.0% |
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