
Biotechnology in the United States
Description
Biotechnology in the United States
Summary
Biotechnology in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Biotechnology in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Biotechnology market encompasses a broad range of technologies, products, and services that utilize biological systems, organisms, or derivatives to develop or modify processes or products for specific applications. Market value refers to the revenue generated from product sales, licensing fees, royalties, and research funding.
- The US biotechnology market recorded revenues of $583.1 billion in 2024, representing a compound annual growth rate (CAGR) of 5.4% between 2019 and 2024.
- The medical/healthcare segment accounted for the market's largest proportion in 2024, with total revenues of $397.1 billion, equivalent to 68.1% of the market's overall value.
- The US biotechnology market is experiencing unprecedented growth, fueled by a strategic investment in cutting-edge technologies and innovation. For instance, in January 2025, the Department of Commerce granted the Birmingham Biotechnology Hub, led by Southern Research Institute, a $44 million Tech Hubs grant to support Alabama's AI-driven biotechnology.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biotechnology market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biotechnology market in the United States
- Leading company profiles reveal details of key biotechnology market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States biotechnology market with five year forecasts
- What was the size of the United States biotechnology market by value in 2024?
- What will be the size of the United States biotechnology market in 2029?
- What factors are affecting the strength of competition in the United States biotechnology market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's biotechnology market?
Table of Contents
52 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the key players?
- 7.2. What strategies do the key players follow?
- 7.3. What have been the most recent market developments?
- 8 Company Profiles
- 8.1. Merck & Co Inc
- 8.2. AbbVie Inc
- 8.3. Amgen Inc
- 8.4. Johnson & Johnson
- 8.5. Biogen Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States biotechnology industry value: $ million, 2019-24
- Table 2: United States biotechnology industry category segmentation: % share, by value, 2019-24
- Table 3: United States biotechnology industry category segmentation: $ million, 2019-24
- Table 4: United States biotechnology industry geography segmentation: $ million, 2024
- Table 5: United States biotechnology industry value forecast: $ million, 2024-29
- Table 6: Merck & Co Inc: Key Facts
- Table 7: Merck & Co Inc: Annual Financial Ratios
- Table 8: Merck & Co Inc: Key Employees
- Table 9: AbbVie Inc: Key Facts
- Table 10: AbbVie Inc: Annual Financial Ratios
- Table 11: AbbVie Inc: Key Employees
- Table 12: AbbVie Inc: Key Employees Continued
- Table 13: Amgen Inc: Key Facts
- Table 14: Amgen Inc: Annual Financial Ratios
- Table 15: Amgen Inc: Key Employees
- Table 16: Amgen Inc: Key Employees Continued
- Table 17: Johnson & Johnson: Key Facts
- Table 18: Johnson & Johnson: Annual Financial Ratios
- Table 19: Johnson & Johnson: Key Employees
- Table 20: Biogen Inc: Key Facts
- Table 21: Biogen Inc: Annual Financial Ratios
- Table 22: Biogen Inc: Key Employees
- Table 23: United States Size of Population (Million), 2019-24
- Table 24: United States Real GDP (Constant 2010 Prices, $ Billion), 2019-24
- Table 25: United States GDP (Current Prices, $ Billion), 2019-24
- Table 26: United States Inflation, 2019-24
- Table 27: United States Consumer Price Index (Absolute), 2019-24
- Table 28: United States Exchange Rate, 2019-24
- List of Figures
- Figure 1: United States biotechnology industry value: $ million, 2019-24
- Figure 2: United States biotechnology industry category segmentation: $ million, 2019-24
- Figure 3: United States biotechnology industry geography segmentation: % share, by value, 2024
- Figure 4: United States biotechnology industry value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the biotechnology industry in the United States, 2024
- Figure 6: Drivers of buyer power in the biotechnology industry in the United States, 2024
- Figure 7: Drivers of supplier power in the biotechnology industry in the United States, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the biotechnology industry in the United States, 2024
- Figure 9: Factors influencing the threat of substitutes in the biotechnology industry in the United States, 2024
- Figure 10: Drivers of degree of rivalry in the biotechnology industry in the United States, 2024
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