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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 Products Chapter

The industry's dependence on third-party financiers has cultivated innovation because firms have to compete for funding. The result has been rapid changes in product and service offerings as the industry seeks to satisfy demand for cutting-edge technologies. The industry currently concentrates on five broad areas.

Human health products

The human health product segment includes human therapeutics like biotechnology-derived proteins, antibodies and enzymes; genetic therapies; and diagnostics such as tests for specific gene or protein markers. As with other industry segments, the range and experience of companies in the human health product business is diverse... 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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