Biotechnology Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/11/2018
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
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Excerpt from Biotechnology Product Manufacturing Industry Profile

Companies in this industry manufacture drugs, therapies, vaccines, and other products based on genetically manipulated compounds. Major companies include US-based Amgen, Biogen, Genentech (owned by Switzerland-based Roche), Gilead Sciences, and Monsanto, as well as CSL (Australia), Merck KGaA (Germany), Novo Nordisk (Denmark), and the biotech research arms of major international pharmaceutical companies such as Sanofi (France).

The global biotechnology industry generates total revenue of about $330 billion, according to Global Market Insights. Top regions for biotechnology include the US and Europe. Emerging markets include Australia, Canada, China, India, Singapore, and Brazil.

The US biotechnology product manufacturing industry includes about 2,800 companies with combined annual revenue of around $130 billion, according to Ernst & Young. 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

Biotech firms face stiff competition from major pharmaceutical manufacturers and other companies seeking to be first with a new product or discovery. Development is often focused on high-demand, profitable markets such as cancer or rare disease treatment. Biopharmaceutical companies depend on gaining regulatory and insurance coverage approval for new treatments. They may also count on participation in government research or expedited approval programs.

Because the market for potential products is so large, small biotechnology companies can co-exist successfully with large ones if they have expertise in a particular line of research. Smaller companies often ...

 
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