The Business Research Company’s latest report Biotechnology Services Global Market Report 2020 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. The report provides in-depth analysis of the impact of COVID-19 on the Biotechnology Services industry, along with revised market numbers due to the effects of the coronavirus.
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Biotechnology Services Global Market Report 2020 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.
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The global biotechnology services market is expected to increase from $142.92 billion in 2019 to $150.06 billion in 2020 at a compound annual growth rate (CAGR) of 5.0%. The growth is mainly due to the COVID-19 outbreak that has led to an increase in research and development activities. The market is expected to grow further and reach $210.96 billion in 2023 at a CAGR of 12.03%. Biotechnology services is the second-largest sector after biopharmaceuticals which is anticipated to emerge significantly due to increasing research and development activities.
The report covers the biotechnology services market’s 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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