The global Marine Biomedicine Market was valued at USD 1.91 Billion in 2022, and is growing at a CAGR of 9.6% during the forecast period 2022 to 2030.
Marine Biomedicine Market Overview:
Growth will be primarily driven by increased research and development activities on marine biotechnology products and growing awareness of the benefits of these products among consumers and healthcare providers. Marine biomedicine is a study that studies and applies marine organisms for medical purposes. The potential uses of marine organisms in biomedical research are vast, as many organisms have not yet been studied. Marine biomedicine can encompass everything from using algae to develop drugs to using sea urchins to treat spinal cord injuries.
Marine Biomedicine market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Marine Biomedicine market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The Marine Biomedicine market research report is categorized based on type, applications and region.
Market Key Players:
Aker BioMarine, CP Kelco US Inc, Elan Corp, FMC Corp., GlycoMar Ltd., Lonza Group Ltd., MariCal, Marinova, New England Biolabs Inc., PML Applications Ltd., Sea Run Holdings Inc., and Tequesta Marine Biosciences, and others.
- Marine Animal Technology
- Marine Plant Technology
- Marine Biotechnology
End User Industries
- Fine Chemical
- Nutritional Supplements
Geographically, the global Marine Biomedicine market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
America is the largest market for marine biomedicine. The region is home to some of the world's leading pharmaceutical and biotechnology companies active in the development of marine-based medicines and healthcare products. Growing demand for cosmeceuticals and other marine-based health care products is also contributing to the growth of this market.
Latin America is a major regional market for marine biomedicine. The region has a wide coastline, providing ample opportunities for marine life resource development. There is also growing awareness among consumers of the benefits of using marine-based health care products. Countries in the region are constantly working to encourage advances in marine biomedicine.
Europe is another major regional market for marine biomedicine and has a well-established infrastructure for research and development (R&D) activities related to marine living resources. There are also several initiatives taken by regulatory authorities across EU member states to encourage R&D on new health care products that use ingredients derived from natural sources, including those derived from aquatic organisms.
Asia Pacific is expected to be one of the fastest growing regions during the forecast period. This is because most of these areas offer ample opportunities to develop various types of marine organisms as sources of bioactive compounds with therapeutic potential. A number of marine biomedicine companies are located in the region and are actively involved in the development of new drugs and health care products.
The Middle East and Africa are potential markets for marine biomedicine. The region has a wide coastline providing ample opportunities for marine living resource development. There is also growing consumer awareness of the benefits of using marine-based health care products in the region.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Marine Biomedicine Market report scope
Key Takeaways from this Marine Biomedicine Report
- Estimate Marine Biomedicine market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Marine Biomedicine market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
At what CAGR is the Marine Biomedicine market projected to grow in the forecast period 2022 to 2030?
What are the types of Marine Biomedicine market?
What are the applications of Marine Biomedicine market?
Who are the top players in Marine Biomedicine market?
Which application segment is expected to drive the growth of the Marine Biomedicine market in the next 5 years?
Which are the key deployments types adopting Marine Biomedicine market?