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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

The Biotechnology market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Locations Chapter

The industry has developed in geographical clusters that are largely determined by proximity to universities and other major research centres. These clusters often stem from universities that commercialise their discoveries in their given field or from spin-offs of government-funded research initiatives. For example, the CSIRO has biotechnology-related facilities in most states and territories, which supported the development of the industry in its earlier stages.

Melbourne is the base of operations for some of the more mature companies in the industry, which accounts for the state's large share of employment. As companies bring their R&D to the market, they need to expand their employment base to include sales and marketing and other support staff... 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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