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Biotechnology in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Biotechnology Market Research Report | SIC UK0.001 | Mar 2014

A medical miracle: Revenue grew strongly during the downturn thanks to steady demand for new medicines

IBISWorld’s Biotechnology market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£8bn
Annual Growth 09-14
3.9%
Annual Growth 14-19
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Profit
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Employment
43,203
Businesses
1,032
Industry Analysis & Industry Trends

The Biotechnology industry investigates the commercial applications of biological manipulation. It is fast becoming a prominent part of the UK life sciences scene alongside pharmaceutical and medical technology firms. The convergence of these three technologies is making it ever more difficult to identify the boundaries between them. The Biotechnology industry relies heavily on third-party financing, so the economic downturn posed significant funding challenges. Low business confidence made private financiers uncertain about investing in risky research and development (R&D) projects. This dampened growth, but could not contain it... purchase to read more

Industry Report - Industry Analysis Chapter

Bioscience has been designated a national priority by the British government. The industry relies heavily on government financing because it struggles to attract private investment for pioneering speculative research. The long investment horizon means even established biotechnology ventures face challenges when raising capital for product development. The relative youth of the industry does not help matters. After existing for about 30 years, the Biotechnology industry has only just become profitable and is slowly moving to reduce its reliance on government support.

Overall, growth in the industry tends to be determined by the rate at which products can be developed and brought to market... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Biotechnology Industry?

Biotechnology uses scientific principles to create technological applications that use biological systems, living organisms or derivatives thereof to make or modify products or processes. The industry focuses on medicinal, industrial and agricultural biotechnology applications.

Industry Products
Human health productsAgriculture and food enhancement productsAnimal health productsEnvironmental remediation and resource efficiency servicesBiotechnology services
 
Industry Activities
Coding, mapping and sequencing DNA and RNACulturing and engineering cells and tissuesProtein sequencing, synthesis and engineeringUsing nanotechnology to study biological systems


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