Pharmaceutical & Biotechnology Environment Monitoring Market Share

APAC Market Forecast

Asia Pacific region is expected to have a 35% of the global pharmaceutical & biotechnology environment monitoring market share during the forecast period. On the back of increasing development and adoption of advanced biotechnology in developing countries, including India, China, and Japan, the market in the Asia Pacific region is projected to experience noteworthy growth over the forecast period. Due to economic growth and government initiatives aimed at energy conservation, the Asia Pacific region is expected to have one of the fastest-growing markets during the anticipated timeframe. This will result in a huge demand for micro-biological solutions across numerous industries, including pharmaceuticals and biotechnology. Additionally, growing investment in biotech startups is anticipated to further accelerate market expansion. Around 2,500 biotech enterprises were founded in India, according to studies. In 2019, the Indian biotechnology market was worth USD 63 billion.

European Market Statistics

Over the course of the estimate, Europe is poised to have the second-largest market with a 28% share in this sector. Countries such as the United Kingdom, Germany, Italy, and France have strong demand for environmental monitoring services such as environmental intelligence platform, and others. With the greatest market value of about USD 83,725 million, Germany emerged as the leader, and it is projected to drive the elevate the market’s growth in the region.