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.
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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.

Market Segmentation
UK Biotechnology Market by Type
• Healthcare
• Crop Production and Agriculture
• Industrial
• Natural Resources & Environment
• Others (Bioinformatics)
Company Profiles
• Abbott Laboratories
• AbbVie Inc.
• Alere Inc.
• Alkermes PLC
• Amgen Inc.
• AstraZeneca PLC
• Biogen Inc.
• Bristol-Myers Squibb Co.
• CSL Ltd.
• F. Hoffmann La-Roche Ltd.
• Johnson & Johnson Services Inc.
• Novartis AG
• Novo Nordisk A/S
• Pfizer Inc.
• Regeneron Pharmaceuticals, Inc.
• Sanofi SA
• Thermo Fisher Scientific Inc.

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