The Global Biotechnology Services Market Report by The Business Research Company covers biotechnology services market drivers and restraints, biotechnology services market size, major players, and the impact of COVID-19 on the biotechnology services market.

The biotechnology services market consists of sales of biotechnology services and related goods by entities (organizations, sole traders, and partnerships) that engage in conducting research and experimental development in biotechnology.

The global biotechnology services market reached a value of nearly $83,743.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.1% since 2015. The market is expected to grow from $83,743.6 million in 2020 to $135,973.0 million in 2025 at a rate of 10.2%. The biotechnology services market is then expected to grow at a CAGR of 10.0% from 2025 and reach $218,924.7 million in 2030.

During the historic period, players in the biotechnology services market had adopted the strategy of collaborating with other research institutes and companies for sharing the expertise and technology mutually so as to achieve success quickly and optimize resources, decrease costs and derive research results faster. The stakeholders were local, state, federal and international partners, research institutes, private companies as well as non-governmental organizations. Collaborations enabled research agencies to address complex issues related to biotechnology. For instance, in March 2021, Gilead Sciences, Inc., a US based biotechnology company, announced clinical collaboration with Novo Nordisk A/S, a Denmark based pharmaceutical company for non-alcoholic steatohepatitis (NASH). Thus, indicating a rise in collaborations between research institutes and companies helps in reducing costs and time.

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Some biotechnology services market trends include adopting digital ways of conducting clinical trials. Earlier clinical trials used to be a very manual process, with trial participants going to a clinic in-person to receive treatment and recording their symptoms and side effects on paper and needed to recruit a large number of participants in order to get the right sample size. But digitalization is enabling biotech companies to test treatments on more patients in less time. Moreover, biotechnology services companies are increasingly adopting data management systems through cloud integration to deal with the enormous amount of data generated through various devices.

Global biotechnology services market segments include:

1) By Service: Health Education and Research, Food Biotechnology Services, Donor Recruitment, Tissue Collection, Cell Processing and Isolation, Research and Development

2) By Industry: Clinical Research Organizations (CROs), Contract Manufacturers Organizations (CMOs), Contract Research and Manufacturing Services (CRAMS)

3) By Area Of Application: Pharmaceuticals, Biotechnological, Academic, Others

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Biotechnology Services Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides biotechnology services market overviews, analyzes and forecasts market size, share, biotechnology services market players, biotechnology services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The biotechnology services identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Biotechnology Services Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Parexel International Corporation, IQVIA, Thermo Fisher Scientific, Laboratory Corporation of America Holdings, PRA HealthSciences

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Biotechnology Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Biotechnology Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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