Overview

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
2012 - 2017
4.0%
Annual Growth
2017 - 2022
Profit
Employment
14,664
Business
480

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...

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Industry Report - Industry SWOT Analysis Chapter

Now in its third decade, the Biotechnology industry is still in the growth phase of its economic life cycle as an increasing number of companies launch products on the market. Industry value added (the measure of the industry's contribution to the economy) is expected to grow by 4.0% annualised over the 10 years through 2021-22, which is above the expected annualised GDP growth of 2.5% over the same period. This suggests that the industry is outperforming the wider economy.

Demand is growing for products commercialised from biotechnology research. Rising incomes and wealth, and an ageing population will promote demand for biopharmaceuticals to improve quality of life, combat ailments associated with old age and extend life span. Key..

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Industry Products

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 & processing technologies
Industrial biotechnology
Industry Activities
DNA coding
Cell and tissue culture engineering
Process biotechnologies
Sub-cellular organisms

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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