Global Biotechnology Market to Surpass US$320 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Biotechnology Industry. Improving economic conditions, increased availability of funding for R&D, expanding use of biotechnology in agriculture and medical sciences, and favorable government initiatives are expected to drive growth in the biotechnology industry. Developing countries, especially India and China, are emerging as major agricultural and industrial biotechnology markets.

Biotechnology: A Global Outlook

Follow GIA on LinkedIn – Biotechnology industry was adversely affected by the global financial crisis, with several leading biotechnology companies in the US and Europe reporting fall in revenues amid restricted capital inflows, and project cancellations and delays. The industry however recovered strongly from the crisis with a number of major biotechnology companies registering profits largely due to the adoption of new efficiency and cost-saving measures. Improving economic conditions also led to an increase in funding for the industry, although majority of this capital was raised by a few leading companies. A number of smaller companies continue to face problems in raising funds for R&D purposes. The funding scenario is unlikely to change drastically in the near term future, as venture capitalists continue to adopt cautious approach to ensure risk-free investments.

The global biotech industry is led by the US, followed by advanced European countries such as the UK, France, Spain and Germany. Developing countries, especially India and China, are forecast to emerge as major agricultural and industrial biotechnology markets owing to rapid increase in population and income levels. The two countries are emerging as key markets for biotech drugs due to their rich talent pool and low cost of investment. Several biotechnology research centers are expected to be set up in developing regions to address impending problems such as growing need for drought and heat-resistant agricultural crops, clean water and low carbon energy. However, inadequate patent protection remains a major hurdle facing biotech drug makers in developing countries. Nevertheless, the governments of these countries are working towards enhancing their patent protection mechanisms.

Healthcare reform legislation, development of flexible/adaptive clinical trial designs and medical device and pharmaceutical taxes are expected to influence the global biotechnology market. The industry is expected to register healthy growth driven by improving healthcare infrastructure, higher involvement of private companies and developments in information technology. The industry is also expected to witness increase in mergers and acquisitions due to the patent expiration of several blockbuster drugs and introduction of newer healthcare regulations that are aimed at controlling costs. Smaller biotechnology firms would seek to divest their businesses to larger companies or enter into in-licensing collaborations and partnerships with cash-rich large companies owing to limited capital availability. Efficacy and safety regulatory policies, technological developments, human resources, public acceptance, human resources, intellectual property, business models and market structure are also expected to influence growth of biotechnology markets in future.

Biotechnology applications have increased manifold in recent years. Presently agriculture, food, health, medical and environmental sciences are the major end-use sectors. Human health dominates the biotechnology field followed by agriculture and industrial applications. Majority of the biotech investments are directed towards discovery of new drugs and therapies. Cardiology, oncology and inflammation constitute the major focus areas for biotech drug companies. Other therapeutic categories include diabetes, hormone treatment using human growth hormone and follicle stimulating hormones, antiviral antibody, anemia and other human enzymes and catalysts.

The research report titled “Biotechnology: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Mexico, Japan, France, Germany, Italy, UK, Netherlands, Australia, New Zealand, China, India, Taiwan, Brazil, and Israel, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Biotechnology_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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