The Biotechnology Services Global Market Report 2022-31 by The Business Research Company describes and explains the global biotechnology services market and covers 2016 to 2022, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Biotechnology Services Global Market Report 2022 covers biotechnology services market drivers, biotechnology services market trends, biotechnology services market segments, biotechnology services market growth rate, biotechnology services market major players, and biotechnology services market size.
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The biotechnology services market report provides in-depth analysis of the impact of COVID-19 on the global biotechnology services industry along with revised market numbers due to the effects of the coronavirus and the expected biotechnology services market growth numbers for 2022-2031.
The global biotechnology services market is expected to grow from $129.14 billion in 2022 to $151.10 billion in 2022 at a compound annual growth rate (CAGR) of 17.0%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biotechnology services market is expected to reach $267.29 billion in 2026 at a CAGR of 15.3%.
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Biotechnology Services Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the biotechnology services market segments-
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), Contract Research and Manufacturing Services (CRAMS)
3) By Area of Application: Pharmaceutical, Biotechnological, Academic, Clinical Trial, Healthcare Sectors
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