U.S. Biotech Market To Reach $26 Billion This Year


Sales of U.S. biotechnology products are expected to reach nearly $26 billion dollars according to the research firm, Consulting Resources Corp. (Lexington, Mass.). Human therapeutics will continue to account for nearly 74% of total sales, with human diagnostics contributing another 13 percent, according to the analysts. Agriculture, specialties and non-medical diagnostic applications should make up the rest.

U.S. Biotechnology Product Sales Forecast (millions of dollars)

Applications                      2003     2004   Growth(%/yr)

Human therapeutics            16800   19100   14

Human diagnostics              3100    3370     9

Agriculture                          1600    1840     15

Specialties                          800      900      14

Non-medical diagnostics      400      460      15

TOTAL                                22700  25680   13



Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments