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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 | Jan 2015

Healthy prospects: Rising private sector investment has boosted industry revenue

IBISWorld’s Biotechnology market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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. Biotechnology refers to the use of living organisms, or their products, to modify human health and the human environment. While genetically modified products remain controversial, attitudes are beginning to change, with the increasing acceptance of the process within agricultural industries and across other sectors.

Biotechnology companies are often spin-offs, using 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... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Now in its third decade, the Biotechnology industry is still considered to be in the growth phase of its economic life cycle. There are dozens of new companies entering the industry each year. industry value added (the measure of the industry's contribution to the economy) is expected to grow by 4.9% annualised over the 10 years through 2019-20, which is above the expected GDP growth of 2.7% over the same period.

An increasing number of companies have launched their products on the market, and this has prompted a rise in profitability. Biotechnology industries in the Asia-Pacific region were the first to reach positive overall profitability. This was mainly linked to the success of the major player, CSL... 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 supply
 
Industry Activities
DNA codingCell and tissue culture engineeringProcess biotechnologiesSub-cellular organisms


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