Biotechnology Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/9/2014
SIC Codes: 2836
NAICS Codes: 325414
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Biotechnology Product Manufacturing Industry Profile

Companies in this industry manufacture drugs, therapies, vaccines, genetically modified food and fuel, and other products based on genetically manipulated compounds. Major companies include US-based Amgen, Biogen Idec, Genentech (owned by Switzerland-based Roche), and Monsanto, as well as Cangene (Canada), CSL (Australia), Merck KGaA (Germany), and the biotech research arms of major international pharmaceutical companies such as Sanofi (France, owns Genzyme).

The global biotechnology industry includes about 7,000 companies with total revenue of about $120 billion, according to Israeli business magazine Globes. Top regions for biotechnology include the US and Canada, Australia, and Europe, according to Ernst & Young.

The US biotechnology product manufacturing industry includes about 1,800 companies with combined annual revenue of around $90 billion. Because many drugs are now developed using biotechnology, the biotechnology and pharmaceutical industries overlap considerably. Pharmaceutical Manufacturing is covered in a separate industry report.

COMPETITIVE LANDSCAPE

Demand for biotechnology in the fields of medicine, agriculture, food, and science is driven by insurers' willingness to pay for new medical treatments, the global need to produce more food for a rapidly expanding population, and scientists' desire to find solutions for complex scientific and medical issues. Funding for biotech research is often provided by venture capital funds hoping to cash in on new products. The profitability of individual companies depends on the discovery and effective marketing of new products. Because the market for potential products is so large, ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options