1. Market Research

Biotechnology in the US - Industry Market Research Report

  • March 2017
  • 51 pages
  • Ibisworld
Report ID: 199226

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Gene therapy: Growing demand for medical applications will support revenue

Abstract
Biotechnology in the US
The Biotechnology industry is growing quickly, with revenue increases over the past five years driven by rising use of ethanol, demand for improved crop yields and the increasing medical needs of an aging population. Although the industry has grown, a consolidation trend has emerged as large pharmaceutical makers have increasingly targeted industry firms for acquisition, attempting to expand their product portfolios ahead of impending patent expirations.

Continued spending on research and development, including by the federal government, will benefit the industry over the next five years, driving growth in both revenue and profit.Companies in this industry primarily use living organisms or molecular and cellular techniques to provide chemicals, food and services that meet human needs. The industry excludes companies involved in developing small-molecule pharmaceuticals, performing contract research or manufacturing biological equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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