Industry Analysis & Industry Trends
The Global Biotechnology industry comprises a diverse range of companies engaged in the development of pharmaceuticals, pest-resistant crops and biofuels, among other products. Revenue for the industry has grown over the past five years and global investment in biotechnology has increased consistently, with much of the added R&D spending funneled into medical applications aimed at providing care for the aging global population. The industry is expected to continue prospering over the next five years, with the Asia-Pacific region making significant investments to gain a foothold in the market... read more
Industry Key Buyers
The Global Biotechnology industry continues to be populated by many small companies, alongside a few giant pharmaceutical, chemical and agricultural operators. IBISWorld estimates that the top four industry players will account for 42.9% of the industry's revenue in 2017, representing a low level of market share concentration. According to a 2013 Key Biotechnology Indicators Report by the Organisation for Economic Co-Operation and Development (latest available data), the majority of operators have fewer than 50 employees, and the share of companies with fewer than 50 employees ranges from 23.3% in South Africa to 91.1% in New Zealand.
.. read more