Healthy performance: Industry revenue has increased despite cuts to government funding

Biotechnology refers to the use of living organisms, or their products, to modify human health and the environment. It is an increasingly important part of product development in a variety of industries, with biotech applications being used to address an array of social and economic issues such as human health, food security and alternative fuel issues. 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 more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Biotechnology has become an important part of product development in a variety of industries
  • The industry is one of the beneficiaries of the recent slowdown in resources sector investment
  • Funding for biomedical innovations with commercialisation potential may benefit players
  • Industry Report - Industry Locations Chapter

    The industry’s geographical clusters are largely determined by proximity to universities and other major research centres. These clusters often stem from universities that commercialise their discoveries 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 industry’s development in its earlier stages.As a global medical research and development hub, Melbourne is the base of operations for some of the more mature companies in the industry. 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. Mel...purchase to read more.

    Additional Insights for the Biotechnology Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Biotechnology Industry are

  • Access to niche markets
  • Ability to quickly adopt new technology
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Private research and development expenditure and All Ordinaries index in the Biotechnology industry impact industry performance..

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    What's in this report

    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 the industry.

    Industry Products
  • Environmental and natural resource recovery
  • Human health biotechnology
  • Agricultural biotechnology
  • Food production and processing technologies
  • Industrial biotechnology
  • Industry Activities
  • DNA coding
  • Cell and tissue culture engineering
  • Process biotechnologies
  • Sub-cellular organisms
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private research and development expenditure
  • All Ordinaries index
  • Business confidence index
  • Total health expenditure
  • Population aged 70 and older

  • Current Performance
  • Government support
  • Alternative cash sources
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability
  • Biotech applications
  • Table: Biotechnology Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Biotechnology Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tea, Coffee and Other Food Manufacturing
  • Pharmaceutical Product Manufacturing
  • Specialist Medical Services
  • Agribusiness

  • Key Selling Industries
  • General Hospitals
  • Scientific Research Services

  • Products & Services
  • Human health biotechnology
  • Agricultural biotechnology
  • Industrial biotechnology
  • Environmental and natural resource recovery
  • Food production and processing technologies
  • Other
  • Chart: Biotechnology Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pharmaceutical industry
  • Governments
  • Farmers and food processors
  • Other markets
  • Chart: Major Market Segmentation for the Biotechnology Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Biotechnology

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Biotechnology Industry

  • Industry Globalization
    CSL Limited,
  • Table: CSL Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Biotechnology Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Biotechnology Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Angel Investors
  • An investor who provides financial backing for small start-ups. Angel investors are often family or friends-based and focus on helping the business succeed rather than maximising returns.
  • Cloning
  • Creation of genetically identical copies of DNA fragments, cells or organisms.
  • Gene Therapy
  • Gene therapy involves the insertion of genes into a person's cells and tissues for medical purposes (e.g. to treat disease).
  • Genetic Modification (Gm)
  • Direct manipulation to alter the structure and characteristics of genes (e.g. from plants, animals, humans or organisms). An example is altering plant DNA to increase crop yield and resistance.
  • Stem Professionals
  • STEM stands for Science, Technology, Engineering and Mathematics and refers to professionals with qualifications in these fields.
  • Venture Capital
  • Private equity provided to early stage companies with high growth potential. Venture capitalists often use their expertise to take an active role in the management and direction of the company.
  • What Our Customers Say

    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Biotechnology:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Biotechnology market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Biotechnology, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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