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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

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. 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 Key Buyers Chapter

Biotech companies tend to be small enterprises with just one to a few compounds in development. Many of these companies operate at a loss given the length and cost of the R&D process. Thus the industry tends to be highly fragmented.

Australia's Biotechnology industry has a low level of market share concentration, with the top four players accounting for about 25.0% of the market. Industry firms range from the heavyweight CSL (which offers a range of commercialised products and generates billions in sales revenue), to foreign subsidiary pharmaceutical and agricultural companies (such as Amgen and Monsanto), to many small operations that are yet to commercialise any products and instead survive on research grants... 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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