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

The global biotechnology services market is expected to grow from $146.85 billion in 2022 to $163.71 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The global biotechnology services market size is expected to grow to $241.17 billion in 2027 at a CAGR of 10.2%.

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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 is the largest region in the global biotechnology services market in 2021.

Major Market Players in the biotechnology services market include Novartis, Fisher BioService, Pfizer, Novo Nordisk, BioAlps, Precision for Medicine, Sartorius and Aldevron.

Collaborations and partnerships between industry players are a growing trend in the field of biotech services. In January 2021, Novartis, a Switzerland-based pharmaceutical company collaborated with Alnylam, a US-based biopharmaceutical company for exploration in the application of the latter’s siRNA technology and the development of targeted therapy for the restoration of liver function. As part of the exclusive three-year research collaboration, Alnylam will develop and test potential siRNAs using Novartis’ target-specific assays. Novartis will conduct further development and clinical research once a lead candidate has been identified.

The Biotechnology Services Global Market Report 2023  provides a biotechnology services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biotechnology services market forecast analyzes biotechnology services market size, biotechnology services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Biotechnology services refer to the services that modify living microorganisms to provide biotechnology products on a contract or custom basis to medical, pharmaceutical, and scientific laboratories. They provide breakthrough products and technologies to combat debilitating and rare diseases, reduce our environmental footprint, feed the hungry, use less and cleaner energy, and have safer, cleaner and more efficient industrial manufacturing processes.

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