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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 | Aug 2014

Marvellous medicine: The ageing British population is stimulating demand for biopharmaceuticals

The Biotechnology market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£8bn
Annual Growth 10-15
4.1%
Annual Growth 15-20
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Profit
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Employment
45,708
Businesses
1,062
Industry Analysis & Industry Trends

The Biotechnology industry investigates and capitalises on 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 increasingly 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 - Starting a New Business Chapter

The industry is relatively unique in terms of its barriers to entry. On the one hand, there are some difficult barriers to overcome. The investment horizon is very long, since it can take more than 10 years to develop a product to the point of commercialisation, and virtually every firm makes losses in its early years. In fact, many fail before ever turning a profit. It can therefore be difficult to attract start-up capital and continued injections to fund product development. It is also a knowledge-driven industry, requiring access to highly trained staff and top individuals to lead research. A high level of intellectual property protection is required to encourage investment, and most firms start up on the back of previous research... 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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