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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 | May 2016

Good genes: Industry revenue increases as more companies move towards profitability

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 11-16
3.8%
Annual Growth 16-21
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Profit
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Employment
14,450
Businesses
483
Industry Analysis & Industry Trends

The Australian biotechnology industry is one of the largest in the world. Biotechnology refers to the use of living organisms, or their products, to modify human health and the environment. While genetically modified (GM) products remain controversial, attitudes are beginning to change and there has been increasing acceptance of the process in agricultural industries and across other sectors. Biotechnology is an increasingly important part of product development in a variety of industries.

Biotechnology companies often use research that began in higher education, public and not-for-profit research organisations. While government and non-profit organisations remain important sources of funding, the private sector is increasingly contributing to industry revenue... purchase to read more

Industry Report - Industry Key Buyers Chapter

Biotech companies tend to be small enterprises with one to a few compounds in development. Many of these companies operate at a loss due to the length and cost of R&D processes. Even in the case of listed biotechs, roughly two thirds of all listed companies generate less than $5.0 million in annual sales, and half generate less than $2.0 million. The industry therefore tends to be highly fragmented.

Australia's Biotechnology industry has a low level of market share concentration, with the top four players accounting for less than 20% of the market... 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 parts, products and models, to alter living or non-living materials to produce knowledge and biotechnology products and services. The industry covers biotechnology research and development, licensing, product manufacturing and product wholesaling. Companies that focus on medical devices are not included in this industry.

Industry Products
Environmental and natural resource recoveryHuman health biotechnologyAgricultural biotechnology Food production & processing technologiesIndustrial biotechnology
 
Industry Activities
DNA codingCell and tissue culture engineeringProcess biotechnologiesSub-cellular organisms


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