Biotechnology in the UK - Market Research Report

Generous Donors: the Government Pushes Funding on the Industry to Drive Economic Growth

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Over the five years through 2022-23, revenue is expected to increase at a compound annual rate of 9.5% to £19.8 billion. The Biotechnology industry is fast becoming a prominent part of the UK life science sector, alongside pharmaceutical and medical technology companies. The convergence of these three technologies makes it increasingly difficult to identify the boundaries between them. High demand for biotechnology products that help solve medical, agricultural and industrial issues has boosted revenue. Biotechnology can make agriculture more efficient and sustainable, broadening its appeal and economic value. The industry relies heavily on funding from investors and significant government assistance. Biotechnology uses scientific principles to create technological applications using biological systems, living organisms or derivatives to make or modify products or processes. The industry focuses on medicinal, industrial and agricultural biotechnology applications.