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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 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. 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 Analysis Chapter

An increasingly important component of the life sciences industry is the biotechnology industry, which is now in its third decade. As it stands today, the industry is comprised of a range of players from small start-ups to commercially viable operations selling biotech products both domestically and in key international markets. In addition to the growing number of biopharmaceutical companies using new technology platforms to focus on unmet needs in the human health segment, biotech companies are also taking advantage of converging technologies to develop new applications within agricultural markets, industrial processes and the environment. These include environmental remediation and resource efficiency applications... 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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