Learn about the global biotechnology services market through The Business Research Company, which provides information on biotechnology services market size, biotechnology services market drivers and restraints, biotechnology services market players, the COVID-19 impact on the biotechnology services market, and more.

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The global biotechnology services market is expected to grow from $129.14 billion in 2021 to $151.10 billion in 2022 at a compound annual growth rate (CAGR) of 17.0%. The growth in the biotechnology services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biotechnology services market is expected to reach $267.29 billion in 2026 at a CAGR of 15.3%.

The increasing pervasiveness of conditions like hepatitis B, diabetes and cancer is expected to drive innovation in biotechnology services manufacturing, thus driving the market during the forecast period.

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The biotechnology services market consists of the sales of biotechnology services and related goods by entities (organizations, sole traders and partnerships) that engage in conducting research and experimental development in biotechnology. Only goods and services traded between entities or sold to end consumers are included.

Global Biotechnology Services Market Segments Include:

By Service: Prevention and Disease Control, Public Engagement Activities, Health Education and Research, Food Biotechnology Services, Donor Recruitment, Tissue Collection, Cell Processing and Isolation, Research and Development

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

By Area of Application: Pharmaceutical, Biotechnological, Academic, Clinical Trial, Healthcare Sectors

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the biotechnology services market in 2021.

Collaborations and partnerships between industry players are a growing trend in the field of biotech services.

TBRC’s biotechnology services market report covers:

Major Market Players: Novartis, Fisher BioService, Pfizer, Novo Nordisk, BioAlps, Precision for Medicine, Sartorius and Aldevron.

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)

The Biotechnology Services Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides biotechnology services market overviews, analyses and forecasts market size, share, biotechnology services market players, biotechnology services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biotechnology services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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