UK biotechnology market is estimated to grow significantly at a CAGR of 7.1% during the forecast period UK has been one of the few economies which have witnessed technological transformation at a rapid rate in the past years. The increasing integration of healthcare with technology is augmenting the market in UK. Additionally, as the country is a developed economy, per capita healthcare investment from government and people is higher than other developing nation and hence significant research can be observed in the near future. 

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Stem cell harvesting technique for stem cells to be collected and stored from the blood in the umbilical cord has been available in UK since 1996. However, some of the professional bodies such as The Royal College of Midwives and the Royal Berkshire NHS Foundation Trust do not support or recommend commercial stem cell banking. The major factors that are increasing the market are the high prevalence of cancer and chronic diseases, and considerable investments in cell-based research by many research institutes in the region.

UK biotechnology market is classified on the basis of type. Based on type, the market is segmented into healthcare, crop production and agriculture, industrial, natural resources & environment, and others. The companies which are contributing to the growth of the UK biotechnology market include Amgen Inc., Novo Nordisk A/S, CSL Ltd., Bristol-Myers Squibb Co., AstraZeneca PLC, Merck & Co., Inc., Johnson & Johnson Services Inc., and Pfizer Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market. 

Research Methodology

The market study of the UK biotechnology market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. UK Biotechnology Market Research and Analysis by Technology
2. UK Biotechnology Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the UK biotechnology market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK biotechnology market.
• Insights about market determinants which are stimulating the UK biotechnology market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.