Despite the economic uncertainties and post-COVID slump in recent times, biotech companies have demonstrated adaptability throughout 2024. The global biotech industry market size is estimated to grow from USD 483.0 billion in 2024 to USD 546.0 billion by 2025, at a growth rate of ~13.0%. Ongoing innovation, mergers, and acquisitions (M&A), investments, and increasing focus on advanced therapies contribute to the sustained growth of the market.
Browse 10 market data Tables and 20 Figures spread through 70 Pages and in-depth TOC on "Global Biotech Industry Outlook 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/global-biotechnology-outlook-153901243.html
The Global Biotech Industry Outlook for 2025 aims to provide insights into the anticipated performance of the biotech sectors, covering AI integration in drug discovery and the development of innovative therapies. The report will assess the industry's performance in 2024 relative to 2023 and highlight the significant breakthroughs and notable transformations in the biotech landscape during 2024, with expectations of continued momentum into 2025.
Some of the key developments witnessed by the biotech industry in 2024:
Key MedTech Market Players
Among the Biotech R&D and manufacturing industry, prominent players are Thermo Fisher Scientific Inc. (US), Danaher (US), Becton, Dickinson and Company (US), GE HealthCare (US), Agilent Technologies, Inc. (US), Merck KGAA (Germany), Inc (US), Qiagen (Germany), Illumina (US). F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (US), Novartis (Switzerland), Merck & Co. (US), Sanofi (France), Amgen (US), Gilead Sciences (US), Biogen (US), Bristol Myers Squibb (US) and GSK (UK) are the major players in the biotech-based therapies.
In 2024, key company leaders strive to maintain their competitive leadership positions with product launches, technological advancements, regulatory approvals, and strategic deals. In 2025, key players will continue investments in research and development (R&D), multi-omics applications in biotech and biopharma settings, launch novel scientific discoveries, and focus on biotech industry-specific offerings.
Biotech’s future growth anchored for the development of advanced therapeutic medicinal products (ATMPs).
Increasing focus on development of advanced therapeutic medicinal products (ATMPs) such as gene therapies, cell therapies, antibody-drug conjugates (ADCs), and tissue-engineered products is anticipated to have significant impact on the biotechnology and healthcare industries. Growth in ATMPs will drive innovation in biomanufacturing, which will involve more sophisticated production technologies including gene editing, cell culture systems, and personalized manufacturing processes. The demand for more scalable and lower-cost production methods will spur major investments into automation and Al to enable full optimization of manufacturing efficiency. More tailored and effective therapies as a result of incorporation with personalized medicine will contribute more to improving patient outcomes than significantly changing the landscape of chronic disease management and rare disease treatments.
The global antibody-drug conjugates (ADCs) market is anticipated to grow at CAGR of 15.2% during 2023 – 28, reaching a market value of USD 19.80 billion in 2028. Various factors fueling this growth trajectory include increasing investments for ADC development, growing number of ADCs in clinical trials, favorable regulatory support, and rising incidence of cancer. The design and development of ADCs will benefit from ongoing improvements in antibody engineering, target selection, and cytotoxic payloads.
Some of the other key trends that the biotech industry is likely to witness in 2025:
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]