GITNUX MARKETDATA REPORT 2024

Biotechnology Industry Statistics [Fresh Research]

With sources from: marketdataforecast.com, grandviewresearch.com, fortunebusinessinsights.com, statista.com and many more

In this blog post, we will explore a comprehensive collection of statistics related to the biotechnology industry. From the projected global market value to regional growth trends, financial figures of key players, and employment statistics, these data points offer valuable insights into the current state and future prospects of the biotechnology sector. Let’s dive into the numbers that shape this dynamic and rapidly evolving industry.

Statistic 1

"The global biotechnology market is expected to reach a value of $727.1 billion by 2025."

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Statistic 2

"In 2018, the U.S. biotechnology market size was valued at $96.8 billion."

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Statistic 3

"The biotechnology sector’s compound annual growth rate (CAGR) is projected to be 7.4% between 2021 and 2028."

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Statistic 4

"In 2019, more than 55% of the biotech revenue in the U.S. came from the human health sector."

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Statistic 5

"In 2018, Europe’s biotechnology industry generated over $22.3 billion in revenues."

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Statistic 6

"In 2021, biotech venture capital funding reached a record high of $33.4 billion."

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Statistic 7

"The Asia-Pacific region’s biotech market is predicted to grow at a CAGR of 10.3% between 2020 and 2027."

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Statistic 8

"In 2019, the U.S. had the highest number of biotechnology firms, with 3,416."

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Statistic 9

"Amgen, a biotechnology company, had a net income of $7.3 billion in 2020."

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Statistic 10

"There are over 1,800 biotechnology companies in the European Union (EU)."

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Statistic 11

"In 2019, biotechnology research and development (R&D) expenditure in the United States reached $73 billion."

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Statistic 12

"The value of biotech initial public offerings (IPOs) in the United States reached $10.95 billion in Q1-Q3 2020."

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Statistic 13

"In 2019, Regeneron Pharmaceuticals had the highest R&D expenditure in the biotechnology industry, with $2.85 billion."

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Statistic 14

"China’s biotechnology sector is predicted to generate $800 billion in revenue by 2025."

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Statistic 15

"India’s biotechnology market is expected to grow at a CAGR of 13.75% between 2021 and 2026."

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Statistic 16

"In 2020, Canada’s biotechnology industry employed over 14,000 people."

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Statistic 17

"In 2018, the global biotechnology nad genetic engineering market was valued at $34.8 billion."

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Statistic 18

"The global biopharmaceutical industry is predicted to reach $389 billion by 2024."

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Interpretation

The biotechnology industry presents a thriving landscape globally, with significant growth projected across different regions and sectors. The statistics highlight a robust market, driven by substantial investments, high revenues, and steady expansion through venture capital funding and R&D expenditure. The U.S. remains a key player in the field, leading in firm numbers and revenue generation. As biotech continues to evolve, particularly in regions like Asia-Pacific and Europe, the future looks promising with anticipated growth rates and revenue milestones. This data underscores the industry's resilience and potential for innovation, with key players like Amgen and Regeneron Pharmaceuticals contributing to its substantial growth.

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