Wednesday, 08 December 2021 04:31 GMT

How Is The Biotechnology Services Market Benefiting From Collaboration?


(MENAFN- EIN Presswire)

Biotechnology Services Market 2021 - Opportunities And Strategies – Global Forecast To 2030

The Business Research Company's Biotechnology Services Market 2021 - Opportunities And Strategies – Global Forecast To 2030

LONDON, GREATER LONDON, UK, November 19, 2021 /EINPresswire.com / -- During the historic period, biotechnology services market players adopted the strategy of collaborating with other research institutes and companies for sharing the expertise and technology mutually so as to achieve success quickly and optimize resources, decrease costs and derive research results faster. The stakeholders were local, state, federal and international partners, research institutes, private companies as well as non-governmental organizations. Collaborations enabled research agencies to address complex issues related to biotechnology. For instance, in March 2021, Gilead Sciences, Inc., a US based biotechnology company, announced clinical collaboration with Novo Nordisk A/S, a Denmark based pharmaceutical company for non-alcoholic steatohepatitis (NASH). Thus, indicating a rise in collaborations between research institutes and companies helps in reducing costs and time.

TBRC's holiday sale has begun with discounts on ALL market research reports! Grab your deal now.

Biotechnology services companies are increasingly adopting data management systems through cloud integration to deal with the enormous amount of data generated through various devices. Technologies such as next generation sequencing (NGS) involve sequencing of large number of DNA strands which generates a large amount of genomic data, which in turn gives rise to several challenges including sharing, integrating, and analyzing the large amount of genetic data. In order to effectively use the generated data, implementation of data management on modern high performance computing systems is crucial. For instance, in June 2020, Illumina, a US based biotechnology company, acquired BlueBee, a cloud-based, rapidly configurable omics data analysis platform for an undisclosed amount. With this acquisition, Illumina expands its focus on downstream data analysis, management to accelerate the sequencing giant's analysis and sharing of next-generation sequencing (NGS) data at scale.

Read More On The Global Biotechnology Services Market Report:

The global biotechnology services market size reached a value of nearly $83.74 billion in 2020, having increased at a compound annual growth rate (CAGR) of 7.1% since 2015. The market is expected to grow from $83.74 billion in 2020 to $135.97 billion in 2025 at a rate of 10.2%. The biotechnology services market is then expected to grow at a CAGR of 10.0% from 2025 and reach $218.92 billion in 2030.

The major players covered in the global biotechnology services market are Parexel International Corporation, IQVIA, Thermo Fisher Scientific, Laboratory Corporation of America Holdings, PRA HealthSciences.

The global biotechnology services market is segmented by service into 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, by industry into clinical research organizations (CROs), contract manufacturers organizations(CMOs), contract research and manufacturing services (CRAMs), by area of application into pharmaceutical, biotechnological, academic, clinical trial, healthcare sectors.

Biotechnology Services Market 2021 - By Service (Health Education and Research, Food Biotechnology Services, Donor Recruitment, Tissue Collection, Cell Processing and Isolation, Research and Development), By Industry (Clinical Research Organizations (CROs), Contract Manufacturers Organizations (CMOs), Contract Research and Manufacturing Services (CRAMS)), By Area Of Application (Pharmaceuticals, Biotechnological, Academic) And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides biotechnology services market overview, forecast biotechnology services market size and growth for the whole market, biotechnology services market segments, and geographies, biotechnology services market trends, biotechnology services market drivers, restraints, leading competitors' revenues, profiles, and market shares.

Request For A Sample Of The Global Biotechnology Services Market Report:

Here Is A List Of Similar Reports By The Business Research Company:
Analytical Laboratory Instruments Market - By Type (Elemental Analysis, Separational Analysis, Molecular Analysis), By End-User (Hospitals, Diagnostic Laboratories, Pharmaceutical, Biotechnology), And By Region, Opportunities And Strategies - Global Forecast To 2030

3D Cell Culture Technologies Global Market Report 2021 - By Type (Scaffold-Based, Scaffold-Free, 3D Bioreactors), By End Users (Research Laboratories And Institutes, Biotechnology And Pharmaceutical Companies, Hospitals and Diagnostic Centers), By Scaffold-Based (Hydrogels, Polymeric Scaffolds, Micropatterned Surface Microplates), By Scaffold-Free (Hanging Drop Microplates, Spheroid Microplates, Microfluidic 3D Cell Culture, Magnetic Levitations & 3D Bioprinting), By Application (Cancer Research, Stem Cell Research, Drug Discovery, Regenerative Medicine), COVID-19 Growth And Change

Biosimilar Hormones Global Market Report 2021 - By Type (Teriparatide Biosimilars, Follitropin Alfa Biosimilars, Insulin Biosimilars, Somatropin Biosimilars), By Application (Research & Biotechnology, Diagnostics, Biocatalysts, Therapeutics), By Distribution Channel (Hospital And Retail Pharmacy, Online Pharmacy/epharmacy, Specialty Clinics), COVID-19 Growth And Change

Interested to know more about The Business Research Company?

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at

Or get a quick glimpse of our services here:

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email:
Follow us on LinkedIn:
Follow us on Twitter:
Check out our Blog:

Oliver Guirdham
The Business Research Company
+44 20 7193 0708

Visit us on social media:
Facebook
Twitter
LinkedIn

MENAFN19112021003118003196ID1103204971


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.