Japan Biotechnology Market Size & Outlook, 2023-2030
Japan biotechnology market, 2018-2030 (US$M)
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Japan biotechnology market highlights
- The Japan biotechnology market generated a revenue of USD 87,046.3 million in 2023 and is expected to reach USD 263,080.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 17.1% 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.
Biotechnology market data book summary
| Market revenue in 2023 | USD 87,046.3 million |
| Market revenue in 2030 | USD 263,080.7 million |
| Growth rate | 17.1% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 5.6% of the global biotechnology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan biotechnology market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 262,958.1 million by 2030.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 45.26% in 2023. Horizon Databook has segmented the Japan 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.
Japan is leading the Asian market, which can be attributed to its fast growth as a hub for research on regenerative medicine. Moreover, according to the Japanese prime minister, regenerative medicine and cell therapy are key for economic growth of the country.
They are investing significant funds on obtaining the technology in the western markets through acquisition of smaller stem cell companies. Although Japan’s biotechnology market is currently booming, declining budget for scientific research and Ab enomic government policies may hamper growth.
According to a survey report, automation system has been installed in majority of laboratories in Japan. This segment has a promising future in the country with a large pool of geriatric population and reducing availability of skilled professionals to work on diagnostic laboratories & research centers.
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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 country-level data and insights on the Japan biotechnology market , including forecasts for subscribers. This country databook contains high-level insights into Japan biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan biotechnology market size, by application, 2018-2030 (US$M)
Japan Biotechnology Market Outlook Share, 2023 & 2030 (US$M)
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