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Biotechnology in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Biotechnology Market Research Report | ANZSIC X0001 | Jul 2014

Recombinant profit: Market-ready products allow companies to generate sales revenue

IBISWorld’s Biotechnology market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 10-15
3.5%
Annual Growth 15-20
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Profit
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Employment
18,470
Businesses
479
Industry Analysis & Industry Trends

Biotechnology is becoming an increasingly important part of product development in a variety of industries. While genetically modified products remain controversial, attitudes are expected to begin to change, with the increasing acceptance of the process within agricultural industries and across other sectors.

Biotechnology companies are often spin-offs of research started in higher education, public and not-for-profit research organisations. While a large amount of biotech research and development is funded by selling company stock or from interest income, research in the industry is largely funded by government and non-profit organisations. Nonetheless, the private sector is increasing its contribution... purchase to read more

Industry Report - Industry Investment Chapter

The industry relies primarily on skilled labour for its R&D and product development. Labour costs account for just under one quarter of industry revenue. This high level of labour costs is due to the need for highly qualified employees in the industry.

The industry also uses vast amounts of capital. The scientific instruments and equipment used at the R&D stage are often highly specialised and expensive. According to the Australian Science, Technology and Engineering Council (ASTEC), about 95% of equipment used in basic research is imported. For every dollar spent on the use and replacement of plant and equipment, $2.60 is spent on labour. This is indicative of an industry with a high level of capital intensity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Biotechnology Industry?

Biotechnology is the application of science and technology to living organisms and also parts, products and models thereof, to alter living or non-living materials for the production of knowledge and biotechnology products and services. Within the Australian context, this industry covers biotechnology research and development, biotechnology licensing, biotechnology product manufacturing and biotechnology product wholesaling.

Industry Products
Food and beverage processingBioinformaticsChemical, environmental and other servicesHuman therapeutics and diagnosticsAgricultural biotechnology Biotechnology service suppliers
 
Industry Activities
DNA codingCell and tissue culture engineeringProcess biotechnologiesSub-cellular organisms


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