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How has the biotechnology services market grown over the years?

The size of the biotechnology services market has consistently expanded in the past few years. The forecast suggests a growth from $133.74 billion in 2024 to $140.24 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.9%. Factors influencing this growth in the historical period include robust economic expansion in developing markets, heightened collaboration with research institutes and companies, and a surge in the demand for food.

What Is the forecasted market size and growth rate for the biotechnology services market?

The market size for biotechnology services is predicted to experience robust growth in the coming years, expanding to $171.87 billion by 2029, with a compound annual growth rate (CAGR) of 5.2%. This surge during the forecast period can be ascribed to rapid technological advancements, an increase in non-communicable diseases, focus on innovation, amplified demand for agriculture-oriented biotechnology services, expansion in synthetic biology demand, advancements and enhancements in drug research, progression in personalized treatment, and collaboration and partnership. Key trends expected within this period encompass strategic partnerships, integration of data management systems via cloud technology, progression of next-generation sequencing technology, the adoption of digitalizing methods in conducting clinical trials, employment of automated solutions, the application of artificial intelligence technologies, and investment in synthetic biology to design products and solutions.

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What are the major factors driving growth in the biotechnology services market?

The escalating prevalence of diseases such as hepatitis B, diabetes, and cancer is propelling biotechnology research. Biotechnology leverages tools from biology and chemistry to study the genetic material present in bacteria and viruses to identify the agents causing the diseases. Among the biopharma industries, the research into oncology stands out as the most significant. Medical advancements using stem cell therapy with a monoclonal antibody and genome sequencing are showing progress. For example, the National Health Service, a government department in the UK, reported in June 2024 that in 2023, the NHS identified another 549,000 individuals in England as being at risk of developing type 2 diabetes. This brought the total registered number of people with non-diabetic hyperglycemia, or pre-diabetes, under a GP’s care to 3,615,330. In comparison to the 3,065,825 registered in 2022, this represents nearly a 20% increase. On a similar note, the World Health Organization, a Switzerland-based intergovernmental entity, projected in February 2024 that by 2050 there would be over 35 million new cancer cases, an increase of 77% from an estimated 20 million in 2022. Therefore, it’s anticipated that the soaring disease prevalence and the vast expenditure on research and development will spur the growth of the biotechnology services market.

What key areas define the segmentation of the global biotechnology services Market?

The biotechnology services market covered in this report is segmented –

1) 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

2) By Industry: Clinical Research Organizations (CROS), Contract Manufacturers Organizations (CMOS), And Contract Research And Manufacturing Services (CRAMS)

3) By Area Of Application: Pharmaceutical, Biotechnology, Academic, Clinical Trial, Healthcare Sectors, Others

Subsegments:

1) By Prevention And Disease Control: Vaccination Services, Disease Surveillance

2) By Public Engagement Activities: Awareness Campaigns, Community Outreach Programs

3) By Health Education And Research: Medical Training Programs, Research Grants And Fellowships

4) By Food Biotechnology Services: Genetically Modified Crop Services, Food Safety Testing

5) By Donor Recruitment: Blood Donor Recruitment, Organ Donor Recruitment

6) By Tissue Collection: Blood Tissue Collection, Biopsy Tissue Collection

7) By Cell Processing And Isolation: Stem Cell Processing, Immune Cell Isolation

8) By Research And Development: Drug Discovery Services, Clinical Research

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What are the top market players propelling the growth of the biotechnology services industry?

Major companies operating in the biotechnology services market include Parexel International Corporation, Thermo Fisher Scientific, Laboratory Corporation of America Holdings, IQVIA, ICON plc, Charles River Laboratories, Syneos Health, Sartorius AG, Precision for Medicine Inc., Novartis, Eppendorf Asia Pacific Sdn. Bhd., Emmessar Biotech & Nutrition Ltd, Vcanbio Cell & Gene Engineering Corp., Ltd, Ke Rui Gene, Absea Biotechnology Ltd, CStone Pharm-B, Daiichi Sankyo, bitBiome, Taisho Pharmaceutical, AGC Biologics, Hamamatsu Pharma Research, Artios Pharma, AstraZeneca, Bio Products Laboratory (BPL), Cambridge Bioscience, Shire Pharmaceuticals Ltd, BTG Ltd, eXmoor Pharma, 4D Pharma PLC, Touchlight Genetics, Ophidia Medical Technologies, ATAI Life Sciences, Phaseform, Evotec, Sanity Group, Primmbiotech Vaccitech, Biolat, Asla-Biotech, Genera, Anima Lab, Silvanols, OU TBD-Biodiscovery, Qvalitas Arstikeskus AS, Concise Systems OU, GPE Globalpharma OU, Belarusian National Biotechnology Corporation, Innothera, Olainfarm, Pharmaidea, Amgen Inc., Gilead Sciences, Celgene Corporation, Biogen Inc., Vertex Pharmaceuticals, Illumina, Inc., Regeneron Pharmaceuticals Inc., Alexion Pharmaceuticals, Hemostemix Inc., Resverlogix Corporation, Zenith Epigenetics Corp., Bayer, AMEGA Biotech, Pierre Fabre, Pfizer, Quantificare, Apsen Farmaceutica, BioMarin Pharmaceutical, DK Diagnostics, Biosonda Biotechnology, Laboratorios Legrand, Biomerics, Julphar Pharmaceuticals, Medpharma, Pharmax, Neopharma, City Breeze Technical Services, CinnaGen, BioSun Pharmed, AryoGen Pharmed, 4Clinics, 54gene, Amoun, Aspen Pharmacare, BBI Solutions, BioTech Africa, ClinArt MENA, Crux Pharmaceuticals, Genesis Pharmaceuticals, Massive Genomics, Mayne Pharma, Sanofi Genzyme, Teleflex Medical, The Micron Group

What are the key trends shaping the future of the biotechnology services market?

An increasing trend in the biotech services sector involves collaborations and partnerships between industry stakeholders. For instance, ICL partners, a manufacturing company based in Israel, formed a partnership with Ideelab Biotechnology, a Biotechnology company from Brazil, in April 2024. The purpose of this partnership was to expedite the progression of novel biological technologies for the agriculture sector, particularly focusing on sustainable and regenerative solutions. By utilizing the expertise of Ideelab in advanced biologicals and the leadership of ICL in plant nutrition and physiology, the partnership aims to produce next-generation products that can solve global agricultural issues and improve food production.

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What regions are dominating the biotechnology services market growth?

Asia-Pacific was the largest region in the biotechnology services market in 2024. North America was the second largest region in the global biotechnology services market analysis. The regions covered in the biotechnology services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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