Asia Pacific Biotechnology Market Size & Outlook
Asia Pacific biotechnology market, 2018-2030 (US$M)
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Asia Pacific biotechnology market highlights
- The Asia Pacific biotechnology market generated a revenue of USD 284,782.9 million in 2023.
- The market is expected to grow at a CAGR of 18.2% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 284,782.9 million |
| Market revenue in 2030 | USD 916,391.1 million |
| Growth rate | 18.2% (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 |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.3% of the global biotechnology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 916,391.1 million by 2030.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 44.99% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is the fastest-growing region globally, owing to rapidly improving economy, rising geriatric population, and growing investments in the biotechnology sector. Key factors driving the Asia Pacific’s biotechnology market include growing demand for biotech tools in R&D activities, improving adoption of laboratory automation, increasing government attention on biotech & healthcare sectors, growing geriatric population, and rising burden of chronic disorders.
However, the market is restrained by factors such as uneven economy, low adoption of lab automation in developing economies, and majority presence of small & midsized companies with limited investment capability.
The biotechnology market is also expected to exhibit growth due to the pandemic, which has caused a high demand for diagnostic tools and need of medical infrastructure. It has created major opportunities for companies operating in the biotechnology market looking to bridge the gap between supply and demand.
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Target buyers of Asia Pacific biotechnology market databook
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Our clientele includes a mix of biotechnology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific biotechnology market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific biotechnology market size, by country, 2018-2030 (US$M)
Asia Pacific Biotechnology Market Outlook Share, 2023 & 2030 (US$M)
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