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.

The biotechnology services market size reached a value of nearly $92.56 billion in 2021, and is expected to grow at a CAGR of 10.0% to nearly $149.16 billion by 2026. Also, the global biotechnology services market size is expected to grow to $240.99 billion in 2031 at a CAGR of 10.1%.

The biotechnology services market is expected to grow rapidly due to increasing lifestyle and chronic diseases.

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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.

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, Biotechnology, Academic, Clinical Trial, Healthcare Sectors, Others

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, accounting for 37.5% of the global market in 2021.

Biotechnology companies are increasingly focusing on acquiring/partnering with biopharmaceutical companies. There have been several partnerships in recent years, which help these companies to increase their biotechnology services, enhance their revenues and share the costs.

TBRC’s Biotechnology Services Market Report Covers:

Major Market Players: Parexel International Corporation, Thermo Fisher Scientific, Laboratory Corporation of America Holdings, IQVIA, ICON plc

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 (2016-21) and ten years forecast (2022-2026-2031)

The Biotechnology Services Market Report 2022 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, 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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