Rapid developments: Government support has helped facilited strong and steady growth

The Biotechnology industry investigates, develops and capitalises on the commercial applications of biological manipulation. It is fast becoming a prominent part of the UK life science sector, alongside pharmaceutical and medical technology firms. The convergence of these three technologies is making it increasingly difficult to identify the boundaries between them. The industry relies on third-party financing, so improving economic conditions over the past five-year period have driven funding from both private and public sources. Britain's ageing population requires advanced treatment options, which benefits the industry. Biotechnology can also make agriculture more efficient and sustainable, broadening its appeal and its economic value...read more.

Industry Statistics & Market Size
Revenue
£12.2bn
Annual Growth 14-19
7.3%
Forecast Growth 19-24
Profit
Employment
57,270
Businesses
866
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong investment and high demand are expected to allow revenue to expand further
  • The ageing of the UK population has supported demand for innovative medical treatments
  • The loss of EU funding and constrained private investment is likely to restrict industry growth
  • Industry Report - Industry Key Buyers Chapter

    The industry is comprised predominantly of small and medium-size enterprises. According to a joint study published in 2017 by the Office for Life Sciences and UK Trade and Investment, 92% of core biopharmaceutical companies were small or medium-size enterprises with fewer than 250 employees, while 44% have fewer than five employees.Around one-third of all firms in the industry are more than 10 years old and just over one-quarter are between four and nine years old. There is some fluctuation on these figures across product segments, but most companies, like the industry itself, are relatively young. They are also fairly small and even the largest UK-based firms tend to be modest operations. Most are happy to stay lean and focus on a limited number of products. The...purchase to read more.

    Additional Insights for the Biotechnology Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Biotechnology Industry are

  • Ability to quickly adopt new technology
  • Highly trained workforce
  • Ready access to investment funding
  • IBISWorld analysts also discuss how external factors such as Population aged 65 years and over and Research and development expenditure in the Biotechnology industry impact industry performance..

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    What's in this report

    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 products
  • Agriculture and food-enhancement products
  • Animal health products
  • Environmental remediation and resource efficiency services
  • Biotechnology services
  • Industry Activities
  • Coding, mapping and sequencing DNA and RNA
  • Culturing and engineering cells and tissues
  • Protein sequencing, synthesis and engineering
  • Using nanotechnology to study biological systems
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 65 years and over
  • Research and development expenditure
  • Total health expenditure
  • Business confidence index
  • Public concern over environmental issues

  • Current Performance
  • Government assistance
  • Growth avenues
  • Margins improve
  • Stringent requirements
  • Chart: Revenue Growth

  • Industry Outlook
  • Dissolving the bond
  • Profitability rises
  • Industry developments
  • Table: Biotechnology Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Biotechnology Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereals, Leguminous Crops & Oilseed Growing
  • Dairy Cattle Raising
  • Basic Pharmaceutical Product Manufacturing

  • Key Selling Industries
  • Biotechnology

  • Products & Services
  • Human health products
  • Agriculture and food-enhancement products
  • Animal health products
  • Environmental remediation and resource efficiency services
  • Biotechnology services
  • Chart: Biotechnology Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pharmaceutical industry
  • Public sector
  • Agriculture and food sectors
  • Other industries
  • Chart: Major Market Segmentation for the Biotechnology Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesResearch and developmentPurchasesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Biotechnology

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Biotechnology Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Biotechnology Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Biotechnology Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biopharmaceutical
  • A synthetic drug produced using biotechnology.
  • Genetic Modification
  • Direct manipulation that alters the structure and characteristics of genes in plants, animals, humans or organisms to produce a particular characteristic.
  • Pharmacogenomics
  • The use of genomic or genetic information to determine a drug's efficacy or toxicity and explain why people respond to it differently.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Biotechnology market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Biotechnology:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Biotechnology market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Biotechnology, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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