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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 | Dec 2013

Invest in the future: Investment levels set to grow as the economy stabilises

IBISWorld’s Biotechnology market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
17,519
Businesses
476
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 soften 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

In the wake of the global financial crisis, demand for biotechnology research has remained steady, and the industry has continued to attract investment due to its high growth potential. Nonetheless, the industry did slow down during the economic downturn. This was partly due to increased consolidation (as parts of the industry matured), changes to the structure of government assistance (in particular the abolition of the Commercial Ready program) and difficulties in raising capital. Due to the effects of the global financial crisis, the revenue slowdown continued through 2009-10, which rattled investment in the industry. Investment and industry revenue have been slowly recovering since 2009-10. Over the five years through 2013-14, revenue is estimate to grow at an annualised 1.7%... 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 as well as 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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