Smart Lock Market Growth Factors, Strategies And Highlights of The Market till 2024

August 23, 2021: The global Smart Lock Market is likely to reach USD 24.20 billion by 2024, with a CAGR of 60.1% by the completion of the prediction period. Over the past few years, smartphones have gained importance and have been designed as pocket-sized computers. Electronic access control has found a niche in commercial buildings, hotels, and apartment blocks. In addition to security, Smart Locks deliver convenient access control with voice commands and positive user experience.

The smart lock market is driven by the growing popularity of smart technology and surged use of smartphones. The key factors impeding smart lock adoption in the developing countries are its high purchasing costs and its high susceptibility to malware attacks.

Near Field Communication (NFC) and Power over Ethernet (PoE) are gaining immense focus and is now considered as a driving force in the next generation Internet. Today’s advanced technologies provide keyless control via a mobile app, biometric, pin code reader or remote control. Smart home is a major catalyst for the emergence of digital locks and associated products to seamlessly integrate convenient standalone access control. The marketers are striving to convince their customers that the power supply to their new digital device is dependable and convenient to replenish. Parks Associates in their recent survey stated that by the end of next year, one in four households in the U.S will purchase a smart lock. Moderate incomes and smaller houses are reaching a potential of adapting the cost sensitivity.

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Emerging entrants have already demonstrated a huge growth traction in terms of its investments and research activities. Latch is a startup founded in 2013 and it recently funded $70 million in their smart lock project that eases the locking mechanism with the help of a magnetic key code or smartphone. Similarly, French startup HAVR has launched Lifi locks, a revolutionary system that has the ability to open doors by phone’s flashlight. Improving user experience and integrating smart locks into residential sectors will drive growth for smart locks. Amazon and UPS entered into a partnership to develop the Key app, which allows a delivery person to enter buildings and condos using the smart door lock system.

Some of the major participants operating in the smart lock market consist of, Samsung SDS Co. Ltd., Onity, Salto Systems, Master Lock, Cansec Systems, UniKey Technologies, ASSA ABLOY AB, Allegion, Honeywell, Haven Lock, Yale, Spectrum Brands, and among others. Due to the rising demand for enhanced security systems, North America holds the largest revenue share and its strong IT infrastructure is providing lucrative opportunities for market expansion. Europe ranks second in terms of growing urbanization and high concentration of tech-savvy population.

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Market Segment:

Smart Lock Type Outlook (Revenue, USD Million, 2013 - 2024)

    • Deadbolt

    • Lever Handle

    • Padlock

    • Others

Smart Lock Application Outlook (Revenue, USD Million, 2013 - 2024)

    • Residential

    • Hospitality

    • Enterprise

    • Critical Infrastructure

    • Others

Smart Lock Regional Outlook (Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S.

        • Canada

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

        • Korea

    • Latin America

    • Middle East & Africa

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Polyurethane (PU) Market Share, Segments, New Opportunity, Outlook And Top Players till 2025

August 20, 2021: The global Polyurethane (PU) Market is estimated to develop at a substantial CAGR for the duration of the prediction. Greater demand for lightweight & hardwearing materials for end-use manufacturing for example packaging, foot ware, electronics & appliances, furniture, automobile, construction has motivated the development in the current ages.

Polyurethane (PU) is extensively employed in internal constituents, cushion foams, and additional lightweight portions of the automobile to adopt savings in energy & fuel. The polyurethane industry on the source of Type of End Use could span Packaging, Foot ware, Electronics &Appliances, Furniture, Automobile, Construction, and Others. The subdivision of Construction is expected to go on leading end-use business. Increasing construction of commercial and housing structures in developing nations like Venezuela, Indonesia, India, South Africa, and Thailand is estimated to be an important reason motivating the intake of the product in roofing, insulation and flooring uses.

The polyurethane market on the source of Type of Product could span Elastomers, Coatings, Rigid Foam, Adhesives & Sealants, Flexible Foam, and Others. Natural possessions of Rigid and Flexible Foams for example physical constancy permit the manufacture of thermally separating products. Yet, the subdivision of Elastomers is projected to develop as the speedily developing above the period of prediction. These polymers propose joint profits of plastics & rubbers. This permits greater suppleness, and confrontation to shock and impression for the uses of greater performance. The progress of polyurethane (PU) elastomers by means of inherent self-healing possessions has likewise paid to the progress of the subdivision during the fresh years.

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The polyurethane industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of the prediction could span North America [U.S.A, Canada and Mexico], Europe [France, Spain, Germany, U.K., Italy, Russia], Asia Pacific [India, Japan, China, South Korea], Central & South America [Brazil], Middle East & Africa [Saudi Arabia].

By the source of geography, the Asia Pacific was the leading provincial market due to the huge group of skillful labor force, raw materials, and the backing of native administration. Fresh inventiveness like the introduction of “Make in India” arrangement and the promising purchasers’ inducement system in Thailand are contributing to the national automobile& manufacturing fields of these nations correspondingly.

The Central & South America [CSA] witnessed sturdy development above the historical a small number of years particularly because of growing intake from Colombia’s automobile original equipment manufacturers [OEMs]. Nations for example Paraguay and Peru are projected to appear as topmost performers by means of financial development, industrial productivity and offer a number of beneficial openings for new-fangled participants.

The statement revises Trades in terms of intake of polyurethane (PU) in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are DIC Corp & RTP Company, Lubrizol Corp, Mitsubishi Chemical Corp, Eastman Chemical Co., Huntsman Corp., The Dow Chemical Co., Rampf Holding GmbH & Co. KG, Woodbridge Foam Corp., Nippon Polyurethane Industry Corp Ltd., Mitsui Chemicals Inc., Covestro, and BASF SE.

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Out of all these companies, BASF SE is the most important producer & provider of polyurethane solutions. The company supplies to a number of businesses for example Footwear, Automobile and Construction. The company has presented a number of inventive merchandises for example, sandwich plate system & earliest TPU for the automobile external surface.

Market Segment:

Polyurethane Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Rigid Foam

    • Flexible Foam

    • Coatings

    • Adhesives & Sealants

    • Elastomers

    • Others

Polyurethane End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Furniture

    • Construction

    • Electronics & Appliances

    • Automotive

    • Footwear

    • Packaging

    • Others

Polyurethane Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • France

        • UK

        • Russia

        • Spain

    • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

    • CSA

        • Brazil

    • MEA

        • Saudi Arabia

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Essential Oils Market Key Insights, Opportunity, Analysis, Competitive Landscape, Challenges And Forecast till 2024

August 20, 2021: The global Essential Oil Market is estimated to touch develop at a substantial CAGR for the duration of the prediction. Growing uses in aromatherapy together with growing demand for perfumes and tastes in foodstuff & liquid refreshment and personal care are estimated to drive the progress of the essential oils market above the period of prediction.

The speedy growth of foodstuff & liquid refreshment manufacturing and growing per head earnings of the customer are estimated to back the demand for colognes and tastes created utilizing the essential oils. These fragrances deliver inspiration in the procedures of massages, aromatherapy, and additional procedures of recreation. Several general fitness profits linked with essential oils are estimated to motivate the demand for the product in medicinal and pharmacological uses also.

The product has not any harmful side effects, like maximum conservative medications and drugs has. This is the most important motivating factor for the market. Growing demand for natural personal care products and pleasing perfumed cleaning means, likely to raise progression in additional uses. Growing demand for tastes, fragrances, and pharmacological constituents is additional most important issue motivating the development of the product in different end-use businesses. Thorough R&D and technical progressions expected to grow the market in developing markets.

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The essential oils industry on the source of Type of Application could span Cleaning & Home, Foodstuff & Liquid refreshment, Spa & Relaxation, Medicine, and Others. Growing demand for eye-catching color and flavor in indigenous dishes are additionally stimulating the progress of the market.

The essential oils market on the source of Type of Product could span Spearmint, Clove Leaf, Pepper Mint, Eucalyptus, Orange, Lime, Lemon, Citronella, Corn Mint, and Others. The orange oil was the subdivision of maximum important and fastest creation during the past year. Increasing demand for orange oils by means of a raw material in individual care and housework means’ manufacturing is some of the important issues for their augmented manufacture.

Increasing ingestion of orange oil by elderly inhabitants has nurtured the growth of healing applications. Due to increasing demand for tastes and smells in spa & relaxation, foodstuff & liquid refreshment and medication the demand is likely to increase above the period of prediction.

The essential oil market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of the prediction could span North America [U.S.A], Europe [France, Germany, U.K.], Asia Pacific [India, Japan, China], Central & South America, Middle East & Africa.

By the source of geography, the Asia Pacific is projected to be the speedily developing provincial market in the years to come. This will happen due to speedy industrial development, increasing per head earnings of the consumer, and growing awareness and alertness about essential oils and natural merchandises. It projected to nurture provincial growth.

North America was responsible for maximum stake of the market, by capacity, during the past year. The U.S. is the most important exporter & importer of essential oils. It mainly exports to Japan, Canada, Germany, and the U.K. Yet, the U.S. imports maximum of its necessities from India and France. It is likewise the major importer of citronella oil together with other European nations for example the U.K., France, Germany and Netherlands.

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The statement revises Trades in terms of intake of essential oil in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Young Living Essential Oils, Biolandess SAS, and Sydney Essential Oil Co. Additional notable companies operating in the field are India Essential Oils, Ungerer Limited, Farotti S. R. L., DoTerra, H. Reynaud & Fils, West India Spices Inc., Flavex Naturextrakte GmbH, Essential Oils of New Zealand and The Lebermuth Company.

Market Segment:

Essential Oil Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

    • Orange

    • Corn Mint

    • Eucalyptus

    • Citronella

    • Pepper Mint

    • Lemon

    • Clove Leaf

    • Lime

    • Spearmint

    • Others

Essential Oil Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

    • Medical

    • Food & Beverages

    • Spa & Relaxation

    • Cleaning & Home

    • Others

Essential Oil Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

    • North America

        • U.S.

    • Europe

        • Germany

        • France

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Middle East & Africa

    • Central & South America

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Waterproof Breathable Textiles (WBT) Market Share, Segments, New Opportunity, Outlook And Top Players till 2024

August 20, 2021: The global Waterproof Breathable Textiles (WBT) Market is anticipated to witness an exponential growth in the forecast period. The factors that propel the market growth of waterproof breathable textile include increasing demand for multifunctional and lightweight fabric in the sportswear industry, increasing health consciousness, and demand for sports footwear and apparel.

Waterproof breathable textile (WBT) industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market could be explored by raw material type, textile, product, application, and geography.

Waterproof breathable textiles market could be explored by raw material type as Polyester, ePTFE, Polyurethane (Coated and Film), and Others. The “Polyurethane Membranes & Coatings” segment led the waterproof breathable textile industry in 2017 and is anticipated to maintain its dominance by 2025. The key factors that could be attributed to the growth of the market include water resistant and breathable properties and low cost.

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Based on textiles, the waterproof breathable textile market could span Membrane, Densely Woven, Coated, and others. The “Membrane” segment led the waterproof breathable textiles industry in 2017 and is anticipated to maintain its dominance by 2025. The market could be explored based on the product as Gloves, Garments, and Footwear. The “Footwear” segment led the WBT market in 2017 and is anticipated to maintain its dominance by 2025. The key factors that could be attributed to the growth of the market include growing benefits such as insulation, high-strength, and lightweight properties of the fabrics.

The key applications that could be explored in the WBT industry include Active Sportswear and Others. The ‘Active Sportswear’ segment led the waterproof breathable textiles (WBT) market in 2017 and is anticipated to maintain its dominance by 2025. The key factor that may be attributed to the growth of the market includes growing usage of WBT in the pharmaceutical and military segment.

Asia-Pacific accounted

 for the major market share of waterproof breathable textile in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rapid industrialization, new research and development, innovation of unique and new materials with high profits, huge demand for waterproof breathable textiles, and increasing consumer disposable income. Asia-Pacific is followed by Europe.

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Some of the key players that fuel the growth of the waterproof breathable textiles (WBT) industry comprise W. L. Gore & Associates Inc., Marmot Mountain LLC, Clariant, Jack Wolfskin GmbH & Co., Polartec LLC, Nike Inc., The North Face, Columbia Sportswear Company, Lowe Alpine International S.r.l., Tanatex Chemicals B.V., Heartland Textiles Co. Ltd., General Electric , Helly Hansen, Toray Industries Inc., Dow Corning Corporation, P2i Ltd, Sympatex Technologies GmbH, Patagonia, Inc., Schoeller Technologies Ag, and MITSUI & Co., Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Global Raw Material Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2024)

    • ePTFE

    • Polyurethane

        • Film

        • Coated

    • Polyester

    • Others

Global Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2024)

    • Densely Woven

    • Membrane

    • Coated

Global Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2024)

    • Garments

    • Footwear

    • Gloves

Global Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2024)

    • Active Sportswear

    • Others

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2024)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • Central & South America (CSA)

        • Brazil

    • Middle East & Africa (MEA)

        • South Africa

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Sleep Apnea Devices Market Growth by Top Companies And Forecast Analysis Report till 2022

August 19, 2021: The global Sleep Apnea Devices Market is expected to display higher growth rate over the next seven years. Rapid surge in the sleep apnea devices industry is credited to increasing life expectancy and ever-growing geriatric population. In addition, growing prevalence of sleeping disorders among aging population is expected to drive the growth of sleep apnea devices market over the forecast period.

Elderly population is increasingly prone towards sleeping disorders because of comorbidities associated with apnea. Globally, the sleep apnea devices industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the market.

Factors responsible for the robust market growth include rise in level of arousal frequency and variations in sleep architecture that contribute to the fatigue experienced by patients. Rise in the level of arousal frequency and variations in sleep architecture leads to OSA, which is further responsible for the reduction in the size of upper airway lumen. This leads predominant in aging population. Above-mentioned factors are significantly contributing to the market growth of sleep apnea devices over the coming years.

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Increasing awareness among general population coupled with increasing need for efficient diagnosis and treatment of apnea, are key factors prompting industry expansion in the past few years. Recent technological advancement in the healthcare sector catering to patient safety and comfort is predicted to amplify device usage rates, particularly in the developed economies across the globe. Apnea is commonly identified as a disease that arises when the body and brain obtain limited amount of oxygen and breathing procedure is disturbed while sleeping. Obstructive Sleep Apnea (OSA) is common type of apnea that is caused by airway blockage.

The sleep apnea devices market is broadly categorized into four major segments based on the product type such as actigraphy systems, polysomnography (PSG) device, respiratory polygraphs and single-channel screening devices pulse oximeters. The actigraphy systems segment is growing rapidly in the sleep apnea devices industry with substantial revenue generation in the last few years. Growing popularity of the actigraphy systems segment is attributed to the cost effectiveness and easy availability of the product.

The sleep apnea devices market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in healthcare sector, surge in number of research & development activities in the region and existence of well-established medical infrastructure.

Asia-Pacific region is estimated to hold major market share in sleep apnea devices with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing healthcare expenditure, rising disposable income, growing awareness level among general population, and significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the sleep apnea devices industry are BMC Medical Co., Ltd., GE Healthcare, Inc., Fisher & Paykel Healthcare Ltd., Curative Medical, Inc., Cadwell Laboratories, Inc., ResMed Co., Invacare Corp., Braebon Medical Corp., ImThera Medical, Inc., Phillips Respironics N.V., Curative Medical Inc., Nihon Kohden Co., and Compumedics Ltd.

Market Segment:

Sleep Apnea Devices Market Product Outlook, by Revenue (USD Million, 2015 - 2022)

    • Sleep Apnea Therapeutic Devices

    • Diagnostic Devices

Sleep Apnea Therapeutic Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)

    • Airway Clearance Systems

    • Adaptive Servo-Ventilation Systems

    • Positive Airway Pressure (PAP) device

    • Oral Appliances

    • Oxygen Devices

    • Other Devices

Sleep Apnea Positive Airway Pressure Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)

    • Bilevel Positive Airway Pressure (BiPAP)

    • Continuous Positive Airway Pressure (CPAP)

    • Automatic Positive Airway Pressure (APAP) device

Sleep Apnea Other Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)

    • Masks

    • Tubes

    • Humidifiers

    • Filters

Sleep Apnea Masks Market Outlook, by Revenue (USD Million, 2015 - 2022)

    • Full Face Masks

    • Nasal Masks

    • Nasal Pillows

    • Nasal Prongs

    • Oral Masks

Sleep Apnea Diagnostic Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)

    • Actigraphy Systems

    • Polysomnography (PSG) device

    • Respiratory polygraphs

    • Single-channel screening devices pulse oximeters

Sleep Apnea Market Volume, by Product, 2012 - 2022 (000’units)

    • Sleep ApneaTherapeutic Devices

    • Diagnostic Devices

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Fluorescent In Situ Hybridization (FISH) Probe Market Segmentation, Statistical Forecast and Competitive Analysis Report till 2022

August 19, 2021: The global Fluorescent In Situ Hybridization (FISH) Probe Market is expected to display higher growth rate over the next seven years. Rapid surge in the fluorescent in situ hybridization probes market is credited to the rising demand for molecular diagnostic tools and increasing adoption of ISH technology. Growing prevalence of chronic diseases along with rising demand for rapid diagnostic techniques are anticipated to foster market growth over the forecast period.

Globally, the fluorescent in situ hybridization (FISH) probe industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the FISH probe market. The conventional methodologies such as clinical trials were influenced by factors such as the growing competition, rising prices of medicines and strict governmental laws to limit adverse effects on the environment. With advent of the In Situ hybridization devices, such factors are significantly diminished due to numerous advantages associated with fluorescent In Situ hybridization devices.

Benefits associated with adoption of fluorescent In Situ hybridization devices are superior performance, successful trials, reliability and short timeframes for execution of clinical trial, and cost-effectiveness. Rising prevalence of cancer-related diseases is expected to boost market demand fluorescent in situ hybridization probe industry over the upcoming years. In addition, increasing adoption of DNA probe-based diagnostics for identification of diseases that are caused by pathogen or bacteria is estimated to drive market growth.

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Rise in the number of incidence related to genetic disorders, solid tumors, leukemia, autism, and other syndromes are predicted to stimulate market demand for FISH Probe over the forecast period. Fluorescent in situ hybridization probes offer an advanced analytical method to monitor gene aberration, including gene amplification and deletion. Fluorescent in situ hybridization probe (FISH Probe) is also responsible for gene copy number change, chromosome translocation, gene expression at RNA level, and bacterial detection.

The fluorescent in situ hybridization probe market is broadly categorized into three major segments based on the application type such as research and development labs, hospitals & clinics, and companion diagnostics. The hospitals & clinics segment is growing rapidly in the with substantial revenue generation in the last few years. Growing popularity of fluorescent in situ hybridization probes in the hospitals & clinics segment is attributed to the broad range of application involving detection of genetic disorders, cancer, and infectious diseases.

The FISH probe industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in gene therapy, surge in number of research & development activities in the region and existence of well-established healthcare infrastructure.

Asia-Pacific region is estimated to hold major share in the FISH probes market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising healthcare expenditure, increasing disposable income, favorable government initiatives to promote use of advanced technologies in healthcare sector, and significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the fluorescent in situ hybridization probes industry are Oxford Gene Technology IP Ltd., Life Science Technologies Ltd., PerkinElmer Inc., Abnova Co., Biosearch Technologies Inc., Genemed Biotechnologies, Inc., F. Hoffmann-La Roche AG, Abbott Laboratories, Inc., and Agilent Technologies Ltd.

Market Segment:

FISH Probe End-use Outlook (Revenue, USD Million, 2012 - 2022)

    • Research

    • Clinical

    • Companion diagnostics

FISH Probe RNA Outlook (Revenue, USD Million, 2012 - 2022)

    • mRNA

    • miRNA

    • Other

FISH Probe Application Outlook (Revenue, USD Million, 2012 - 2022)

    • Cancer research

        • Lung

        • Breast

        • Other

    • Genetic diseases

    • Genetic Diseases

    • Other

FISH Probe Technology Outlook (Revenue, USD Million, 2012 - 2022)

    • FISH

        • Q FISH

        • Flow-FISH

        • Other

    • CISH

    • DISH

FISH Probe Market Regional Outlook (Revenue, USD Billion, 2012 - 2022)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Mexico

        • Brazil

    • MEA

        • South Africa

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Biotechnology Market Growth by Top Companies And Forecast Analysis Report till 2025

August 19, 2021: The global Biotechnology Market is expected to display higher growth rate over the next seven years. Rapid surge in the biotechnology market is credited to the development of regenerative medicine and genetics in diagnostics. Shifting trend towards personalized and regenerative medicine is expected to drive market growth of biotechnology over the forecast period. Globally, the biotechnology industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the industry.

Increasing adoption of biotechnology market in healthcare sector and pharmaceutical industry coupled with reduced manufacturing cost of drugs and various chemical products are expected to drive market demand for biotechnology solutions over the forecast period. Rising number of application in agriculture sector, including protection against diseases & fungicide, and higher germination rate. These factors are significantly contributing to high-end market demand in the recent years. Use of biotechnology enhance germination rate and offer uniformity, to overcome seed dormancy is anticipated to drive market demand in the upcoming years. Biotechnology helps to initiate the metabolic processes of germination.

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Advent of white biotechnology for production of various biofuels like bioethanol and biodiesel is fostering industry expansion of the biotechnology industry over the forecast period. In addition, white biotechnology plays a vital role during production of essential chemical products such as organic acids, amino acids, ethanol and various types of vitamins, thus propelling market growth, in the recent years. In addition, the biotechnology is considered as simple process involving least number of production steps and produces minimum residue after the completion. Unlike other types of chemical process, the biotechnology is not affected by price volatilities of raw materials. These advantages are estimated to foster the market growth of biotechnology in years to come.

The biotechnology market is broadly categorized into major segments based on the application type such as healthcare sector, agriculture sector, industrial processing and bioinformatics. The agriculture segment is growing rapidly in the biotechnology industry with substantial revenue generation in the last few years. Growing popularity of biotechnology in the agriculture segment is attributed to ability to enhance fermentation and germination rate. The healthcare sector segment has also witnessed substantial growth owing to the increasing demand for DNA sequencing for diseases detection.

The biotechnology market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, favorable laws & regulation associated biotechnology, higher approval rate, rise in the level of awareness among general population, surge in number of research & development activities in the region and existence of well-established infrastructure.

Asia-Pacific region is estimated to hold major market share in biotechnology with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising disposable income, growing number of patent regarding incorporation of biotechnology, and significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the biotechnology industry are Johnson & Johnson Services, Inc., Amyris, Inc., BioAmber, Inc., Borregaard Ltd., Codexis, Inc., Deinove S.A., Evolva Holding S.A., F. Hoffmann-La Roche Ltd., Pfizer, Merck & Co., and Sanofi S.A.

Market Segment:

Biotechnology Technology Outlook (Revenue, USD Million; 2014 - 2025)

    • DNA Sequencing

    • Nanobiotechnology

    • Tissue engineering and Regeneration

    • Fermentation

    • Cell Based Assay

    • PCR Technology

    • Chromatography Market

    • Others

Biotechnology Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Health

    • Food & Agriculture

    • Natural Resources & Environment

    • Industrial Processing

    • Bioinformatics

    • Others

Biotechnology Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

    • Middle East and Africa (MEA)

        • South Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com