Red Biotechnology Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Red Biotechnology Industry Growth and it is segmented by Product (Vaccines, Drugs, and Others), End User (Biopharmaceutical Companies, CMOs and CROs, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market values are provided in terms of (in USD million) for the above segments.

Red Biotechnology Market Size

Red Biotechnology Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 6.10 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Red Biotechnology Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Red Biotechnology Market Analysis

The red biotechnology market is expected to register a CAGR of 6.1% over the forecast period.

The COVID-19 pandemic had a significant impact on the red biotechnology sector globally. Red biotechnology is an important part of the fields of diagnostics, gene therapy, and clinical research and trials. It is used to manufacture vaccines, drugs, diagnostic reagents, cell lines, gene therapy products, and so on. Since biotechnology had a lot to provide for vaccine production, the pandemic significantly influenced the red biotechnology market since vaccine discovery and approvals were in high demand. For instance, according to the article published by the NCBI in March 2022, since the COVID-19 virus outbreak, several emerging biotechnologies and their multidisciplinary approaches accelerated the understanding of molecular details and the development of a wide range of diagnostics and potential vaccine candidates. Hence, COVID-19 had a positive impact on the studied market initially; however, as the pandemic has subsided, the red biotechnology market is expected to have favourable and stable growth during the forecast period of the study.

The factors driving the market growth include the rising incidence and prevalence of chronic and rare diseases and increased funding in the healthcare industry. For instance, according to the data released by the American Cancer Society (ACS) in January 2023, approximately 1,958,310 new cancer cases are projected to occur in the United States by the end of 2023. As per the same source, around 300,590 new breast cancer cases are predicted to happen in the United States in 2023. ACS also stated that over 18 million Americans were reported to have a history of cancer in the year 2022. In addition, the rising number of new cancer cases in various countries, including Australia, is also projected to burgeon market growth during the forecast period. For instance, according to the data released by the Australian Institute of Health and Welfare, in December 2022, approximately 62,000 new cancer cases were diagnosed in Australia in 2022. As per the same source, the most diagnosed cancers in males in the country were prostate cancer with 24,217 cases, melanoma with 10,374 cases, colorectal cancer with 8,300 cases and lung cancer with 7,707 cases. Therefore, the rising prevalence of cancer worldwide is projected to drive the demand for red biotechnology to boost the differential and early diagnosis of cancer, tumour progression control, and proper cancer treatment.

Moreover, increased funding by the government and prominent players in the biotechnology field has been driving market growth. For instance, in January 2022, Eli Lilly and Company signed a research and collaboration agreement with Entos Pharmaceuticals to develop innovative therapies in multiple neurologic indications, using Entos' Fusogenix nucleic acid delivery technology and Lilly's therapeutic cargo. Under the agreement, Eli Lilly and Company will fund USD 400 million for the developmental and commercialization of the nucleic acid-based therapeutic. Thus, with such investments and agreements, the R&D of red biotechnology will advance, which is set to drive market growth during the forecast period.

Thus, the rising prevalence of cancer and increasing funding by prominent players are likely to boost the growth of the red biotechnology market over the analysis period. However, the market's growth is set to be restrained by costly therapeutic technology and machinery.

Red Biotechnology Market Trends

The Biopharmaceutical Companies Segment is Expected to Hold a Significant Market Share Over the Forecast Period

Biopharmaceuticals are proteins, antibodies, DNA, RNA, or antisense oligonucleotides used for therapeutic or diagnostic purposes, and these products are produced by means other than direct extraction from a native (non-engineered) biological source. The biopharmaceutical companies segment is expected to witness tremendous growth during the forecast period owing to the increasing R&D activities related to biopharmaceutical drugs and medications.

There has been significant development in the field of medical biotechnology, including the development of gene-based therapies. For example, in May 2022, Novartis received the United States Food and Drug Administration approval for CAR-T cell therapy Kymriah (tisagenlecleucel) to treat adults with relapsed or refractory (r/r) follicular lymphoma (FL) following two or more lines of systemic therapy. Moreover, in March 2021, the United States Food and Drug Administration approved idecabtagene vicleucel (Product from Abecma, Bristol Myers Squibb) for the treatment of adult patients with relapsed or refractory multiple myeloma after four or more prior lines of therapy, including an immunomodulatory agent, a proteasome inhibitor, and an anti-CD38 monoclonal antibody. This is the first Food and Drug Administration-approved cell-based gene therapy for multiple myeloma.

According to the Cleveland Clinic Report 2021, genetic disorders may also cause rare diseases. This group of conditions affects around 200,000 people in the United States. Experts say there may be as many as 7,000 of these diseases. The increasing incidence and prevalence of chronic and rare diseases and the rapid expansion of the biopharmaceutical industry are the key driving factors for the growth of the biopharmaceutical companies segment.

Therefore, the biopharmaceutical companies segment is expected to witness significant growth over the forecast period due to the increasing number of genetic disorders and surging number of product launches by prominent players.

Red Biotechnology Market:  Estimated Number of New Cancer Cases, By Sex, 2023, United States

North America is Expected to Hold a Significant Share in the Market and it is Expected to do the Same in the Forecast Period

The geographical analysis of the Red Biotechnology market shows that North America holds a significant market share in the global market. This is due to the rising prevalence of chronic and rare diseases, growing R&D activities, and high technological advancements in this region.

For instance, according to the American Cancer Society update 2023, over 1.9 million new cancer cases are expected to be diagnosed in the United States in 2023. 88% of people diagnosed with cancer in the United States are 50 or older, and 57% are 65 or older. Thus, an increase in cancer cases coupled with an increase in the geriatric population is expected to drive market growth in the country. In addition, the growing spending by the government and market players for boosting research on genetic diseases significantly boosts market growth. For instance, according to the National Institute of Health's article updated in March 2023, the spending for gene therapy was USD 486 million in 2021 and USD 560 million in 2022. Also, as per the same source, the spending on genetics research was USD 11,010 million the previous year and USD 11,615 million in the current year. Similarly, as per the data published by the National Center for Health Statistics (NCHS) in March 2023, research investments in nucleic acid-based research are expected to increase in the coming years in the United States. The source stated that the research funding in Genetics would likely elevate from USD 1,615 million to USD 12,445 million by next year. The same source noted that the research investments in Genetic Testing are anticipated to increase from USD 214 million in the current year to USD 237 million by next year. Also, the research funding in gene therapy will rise from USD 516 million in the current year to USD 540 million by next year.

Thus, the rising prevalence of cancer and high spending on research and development in genetics and gene therapy is projected to accelerate the regional red biotechnology market growth during the forecast period.

Red Biotechnology Market - Growth Rate by Region

Red Biotechnology Industry Overview

The red biotechnology market is competitive and consists of a few significant players. A few of the major players are currently dominating the market in terms of market share. Some prominent players invest heavily in mergers and acquisitions to consolidate their market positions worldwide. Some companies currently dominating the market are Pfizer Inc., AstraZeneca PLC, F. Hoffmann-La Roche Ltd., Takeda Pharmaceutical Company Limited, and Amgen Inc., among others.

Red Biotechnology Market Leaders

  1. Pfizer Inc

  2. AstraZeneca Plc

  3. F. Hoffmann-La Roche Ltd

  4. Amgen Inc

  5. Takeda Pharmaceutical Company Limited

*Disclaimer: Major Players sorted in no particular order

Red Biotechnology Market Concentration
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Red Biotechnology Market News

  • June 2022: Researchers at the University of Maryland's College of Agriculture and Natural Resources found that CRISPR-Combo allows several genes to be edited in plants while altering other genes' expression. The National Institute of Food and Agriculture of the United States Food and Drug Administration helped develop this new technology, allowing genetic engineering combinations to enhance crop breeding and functionality.
  • September 2022: Bluebird bio, Inc. received the US-FDA approval of SKYSONA (elivaldogene autotemcel), also known as Eli-cel, to slow the progression of neurologic dysfunction in boys 4-17 years of age with early, active cerebral adrenoleukodystrophy (CALD).

Red Biotechnology Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidence and Prevalence of Chronic and Rare Diseases

      2. 4.2.2 Increased Funding in the Healthcare Industry

    3. 4.3 Market Restraints

      1. 4.3.1 Costly Therapeutic Technology and Machinery

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 5.1 By Product

      1. 5.1.1 Vaccines

      2. 5.1.2 Drugs

      3. 5.1.3 Others

    2. 5.2 By End User

      1. 5.2.1 Biopharmaceutical Companies

      2. 5.2.2 CMOs and CROs

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Pfizer Inc.

      2. 6.1.2 AstraZeneca PLC

      3. 6.1.3 F. Hoffmann-La Roche Ltd

      4. 6.1.4 Bristol Myers Squibb (Celgene Corporation)

      5. 6.1.5 Takeda Pharmaceutical Company Limited

      6. 6.1.6 Biogen Inc.

      7. 6.1.7 Amgen Inc.

      8. 6.1.8 Gilead Sciences Inc.

      9. 6.1.9 Merck & Co. Inc.

      10. 6.1.10 CSL Limited

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Red Biotechnology Industry Segmentation

As per the scope of the report, red biotechnology is a process that utilizes organisms for the development and manufacturing of therapies and diagnostic techniques. The red biotechnology market is segmented by product (vaccines, drugs, and others), end user (biopharmaceutical companies, CMOs and CROs, and others), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.

By Product
By End User
Biopharmaceutical Companies
CMOs and CROs
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America
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Red Biotechnology Market Research FAQs

The Global Red Biotechnology Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Pfizer Inc, AstraZeneca Plc, F. Hoffmann-La Roche Ltd, Amgen Inc and Takeda Pharmaceutical Company Limited are the major companies operating in the Global Red Biotechnology Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Red Biotechnology Market.

The report covers the Global Red Biotechnology Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Red Biotechnology Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Red Biotech Industry Report

Statistics for the 2024 Red Biotech market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Red Biotech analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Red Biotechnology Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)