[Ranking] TOP 25 Industrial Biotechnology / Biotechnology Companies Q3/2023
Intro
Industrial biotechnology, a sub-industry of biotechnology, plays a critical role in the worldwide economy. It harnesses the power of biological systems, such as microorganisms and enzymes, to produce sustainable products and processes. This industry has revolutionized sectors ranging from agriculture and pharmaceuticals to energy and manufacturing.
With its profound influence, industrial biotechnology has created ripple effects across diverse sectors. It has enabled the development of biofuels as an alternative to fossil fuels, paving the way for cleaner and more sustainable energy sources. Additionally, it has transformed the production of chemicals, materials, and consumer goods, reducing reliance on petrochemicals and minimizing environmental impact.
The economic magnitude of industrial biotechnology is impressive, and its trajectory is pointing upwards. According to a report by Grand View Research, the global industrial biotechnology market is expected to reach a value of $733.84 billion by 2028, driven by increasing demand for bio-based products, growing environmental concerns, and supportive government regulations.
Recent trends and breakthroughs in industrial biotechnology are shaping the industry's landscape. The development of advanced biofuels, bio-based plastics, and sustainable agricultural practices are revolutionizing the way we think about resource utilization and waste management. However, the industry also faces obstacles such as regulatory challenges, scaling up production, and the need for continuous innovation to stay competitive.
The industrial biotechnology industry is characterized by its ever-changing landscape, driven by technological advancements and evolving market demands. As new research and discoveries unfold, leading companies in this sector are at the forefront of developing innovative solutions that address global challenges while ensuring environmental sustainability.
Ranking
#25 Vertex Pharmaceuticals Incorporated
Employees: 3.5K
Revenue: 1.5B$
Website: https://www.vertex.com
Description: Vertex Pharmaceuticals Incorporated, headquartered in Boston, United States, is a leading company in the Industrial Biotechnology industry. Founded in 1989, the company has grown to employ approximately 3,500 employees. With an annual revenue of 1.5 billion dollars, Vertex Pharmaceuticals is dedicated to the research, development, and commercialization of innovative therapies for serious diseases. Their focus lies in discovering and developing transformative medicines for the treatment of cystic fibrosis, a rare genetic disorder. Through their cutting-edge biotechnology solutions, Vertex Pharmaceuticals aims to improve the lives of patients around the world and make a significant impact in the field of biotechnology.
#24 Alexion Pharmaceuticals Inc
Employees: 3.2K
Revenue: 4.9B$
Website: https://www.alexion.com
Description: Alexion Pharmaceuticals Inc, headquartered in Boston, United States, is a leading company in the industrial biotechnology industry. Founded in 1992, the company specializes in the development and commercialization of life-transforming drugs for patients with rare and severe diseases. With a workforce of approximately 3.2 thousand employees, Alexion Pharmaceuticals is committed to pioneering innovative therapies that address unmet medical needs. The company's revenue reached an impressive 4.9 billion dollars, reflecting its success in the biotechnology sector. Through its cutting-edge research and development efforts, Alexion Pharmaceuticals continues to make significant contributions to the field, improving the lives of individuals affected by rare diseases worldwide.
#23 Regeneron Pharmaceuticals Inc
Employees: 9.6K
Revenue: 8.1B$
Website: https://www.regeneron.com
Description: Regeneron Pharmaceuticals Inc, based in Tarrytown, United States, is a leading company in the Industrial Biotechnology industry. Since its founding in 1988, Regeneron has been at the forefront of biotechnology research and development. With a workforce of approximately 9.6 thousand employees, the company is dedicated to discovering, developing, and commercializing innovative medicines for serious diseases. Regeneron's commitment to science and technology has resulted in numerous groundbreaking treatments and therapies. With an impressive revenue of 8.1 billion dollars, Regeneron continues to invest in cutting-edge research to provide transformative healthcare solutions to patients worldwide.
#22 Mylan N.V
Employees: 35K
Revenue: 11B$
Website: https://www.mylan.com
Description: Mylan N.V, headquartered in Canonsburg, United States, is a leading player in the Industrial Biotechnology industry. With a rich history dating back to 1961, Mylan has established itself as a prominent name in the biotechnology sector. The company operates in a wide range of areas within the biotechnology field, including the development and manufacturing of pharmaceutical products, active pharmaceutical ingredients, and biosimilars. With a workforce of approximately 35,000 employees, Mylan is dedicated to improving access to high-quality and affordable healthcare solutions for patients worldwide. In terms of revenue, Mylan generates an impressive 11 billion dollars annually, solidifying its position as a major player in the biotechnology market.
#21 Biogen Inc
Employees: 7.5K
Revenue: 14.4B$
Website: https://www.biogen.com
Description: Biogen Inc, headquartered in Cambridge, United States, is a leading company in the Industrial Biotechnology industry. Founded in 1978, Biogen operates in the field of biotechnology, focusing on the development, manufacturing, and commercialization of therapies for neurological and neurodegenerative diseases. With a workforce of approximately 7.5 thousand employees, the company has made significant contributions to the biotechnology sector. Biogen has achieved substantial revenue growth, generating approximately 14.4 billion dollars in revenue. Through its innovative research and development efforts, Biogen continues to advance the understanding and treatment of complex diseases, aiming to improve the lives of patients worldwide.
#20 Celgene Corporation
Employees: 9.4K
Revenue: 14.6B$
Website: https://www.celgene.com
Description: Celgene Corporation, headquartered in Summit, United States, is a leading company in the Industrial Biotechnology industry. Founded in 1986, Celgene has grown to become a major player in the biotechnology sector. With a workforce of approximately 9.4 thousand employees, the company focuses on developing innovative therapies and technologies to address various medical conditions. Celgene is committed to advancing the field of biotechnology through its research, development, and commercialization efforts. The company's revenue stands at an impressive 14.6 billion dollars, showcasing its success and financial stability in the industry. With a strong presence in North America, Celgene continues to make significant contributions to the field of Industrial Biotechnology.
#19 Stryker Corporation
Employees: 40K
Revenue: 14.9B$
Website: https://www.stryker.com/
Description: Stryker Corporation, headquartered in Kalamazoo, United States, is a leading company in the Industrial Biotechnology industry. Founded in 1941, Stryker has established itself as a key player in the sector. With a workforce of approximately 40,000 employees, Stryker operates on a global scale, providing innovative solutions and technologies in biotechnology. The company's revenue stands at an impressive 14.9 billion dollars, reflecting its strong presence and success in the market. Stryker is dedicated to advancing biotechnology and contributing to the growth and development of the industry.
#18 Shire PLC
Employees: 24K
Revenue: 15B$
Website: https://www.shire.com
Description: Shire PLC is a leading industrial biotechnology company based in Basingstoke, United Kingdom. Founded in 1986, the company has grown to become a major player in the biotechnology industry. With a workforce of approximately 24,000 employees, Shire PLC is dedicated to advancing the field of industrial biotechnology through innovative research, development, and commercialization of biopharmaceutical products. The company's revenue stands at an impressive 15 billion dollars, solidifying its position as a key player in the market. Shire PLC's commitment to biotechnology is evident in its broad range of activities, including the development of novel therapies for rare diseases, gene therapy, and cell-based therapies. Through its cutting-edge technologies, Shire PLC is transforming the biotechnology landscape and improving the lives of patients around the world.
#17 Genentech, Inc
Employees: 14K
Revenue: 17.9B$
Website: https://www.gene.com
Description: Genentech, Inc is a leading biotechnology company based in South San Francisco, United States. Since its founding in 1976, Genentech has been at the forefront of industrial biotechnology, specializing in the development and manufacturing of innovative therapies for various diseases. With a workforce of approximately 14,000 employees, Genentech has established itself as a major player in the biotechnology industry. The company has achieved significant financial success, with annual revenues amounting to 17.9 billion dollars. Genentech's dedication to research and development has resulted in numerous breakthroughs in the field of biotechnology, contributing to advancements in personalized medicine, oncology, immunology, and other therapeutic areas. Through its cutting-edge technologies and strategic collaborations, Genentech continues to shape the future of industrial biotechnology.
#16 Danaher Corporation
Employees: 67K
Revenue: 22B$
Website: https://www.danaher.com
Description: Danaher Corporation, headquartered in Washington, D.C., is a leading player in the Industrial Biotechnology industry. With a rich history dating back to 1969, Danaher has established itself as a prominent global provider of innovative solutions in this field. The company operates with approximately 67,000 employees worldwide, who are dedicated to driving advancements in biotechnology. Danaher's revenue stands at an impressive 22 billion dollars, showcasing its strong market presence. Through its subsidiaries and brands, Danaher delivers cutting-edge technologies, products, and services that enable scientific research, diagnostics, and manufacturing in the biotechnology sector. With a commitment to improving human health and well-being, Danaher continues to contribute significantly to the advancements and growth of the Industrial Biotechnology industry.
#15 Amgen Inc
Employees: 24K
Revenue: 22B$
Website: https://www.amgen.com/
Description: Amgen Inc, headquartered in Thousand Oaks, California, is a leading biotechnology company operating in the Industrial Biotechnology industry. Since its foundation in 1980, Amgen has been dedicated to discovering, developing, and delivering innovative human therapeutics. With a workforce of approximately 24,000 employees, the company focuses on utilizing advanced biotechnology to tackle a wide range of diseases and improve the lives of patients worldwide. Amgen's revenue reached an impressive 22 billion dollars, highlighting its success in the biotechnology sector. Through its cutting-edge research and development efforts, Amgen continues to make significant contributions to the field of Industrial Biotechnology.
#14 Gilead Sciences Inc
Employees: 13K
Revenue: 22.5B$
Website: https://www.gilead.com
Description: Gilead Sciences Inc, based in Foster City, United States, is a leading player in the Industrial Biotechnology industry. Founded in 1987, the company has grown to employ approximately 13,000 employees. With a revenue of 22.5 billion dollars, Gilead Sciences Inc is a major force in the biotechnology sector. The company focuses on developing innovative therapies to address unmet medical needs, particularly in areas such as HIV/AIDS, liver diseases, and oncology. Gilead Sciences Inc is renowned for its groundbreaking antiviral drug, remdesivir, which has shown promising results in the treatment of COVID-19. With a strong commitment to research and development, Gilead Sciences Inc continues to make significant contributions to the field of industrial biotechnology.
#13 Eli Lilly And Company
Employees: 33K
Revenue: 24.5B$
Website: https://www.lilly.com/
Description: Eli Lilly And Company, headquartered in Indianapolis, United States, is a leading player in the Industrial Biotechnology industry. Founded in 1876, the company has grown to employ approximately 33,000 employees globally. With a revenue of 24.5 billion USD, Eli Lilly And Company focuses on developing innovative biotechnology solutions that address various medical needs. They specialize in the research, development, and manufacturing of pharmaceutical products, particularly in the fields of oncology, diabetes, neuroscience, immunology, and animal health. Through their commitment to scientific excellence and patient-centric approach, Eli Lilly And Company continues to make significant contributions to the advancement of biotechnology in the healthcare sector.
#12 Thermo Fisher Scientific Inc
Employees: 75K
Revenue: 25B$
Website: https://www.thermofisher.com/
Description: Thermo Fisher Scientific Inc is a leading company in the Industrial Biotechnology industry. Headquartered in Waltham, United States, the company was founded in 2006. With a workforce of approximately 75,000 employees, Thermo Fisher Scientific operates globally to provide innovative solutions and technologies that support biotechnology applications across various sectors. The company's revenue reached an impressive 25 billion dollars, reflecting its strong presence and success in the industry. Thermo Fisher Scientific specializes in developing and manufacturing a wide range of products, including laboratory instruments, reagents, consumables, and software solutions that are essential for industrial biotechnology research, analysis, and production. Through its cutting-edge technologies and comprehensive product portfolio, Thermo Fisher Scientific continues to contribute significantly to advancements in the field of industrial biotechnology.
#11 Bristol-Myers Squibb Company
Employees: 30K
Revenue: 26B$
Website: https://www.bms.com/
Description: Bristol-Myers Squibb Company, headquartered in New York City, United States, is a prominent player in the Industrial Biotechnology industry. With a rich history dating back to 1887, the company has established itself as a leading biopharmaceutical company. Bristol-Myers Squibb employs approximately 30,000 individuals worldwide, contributing to its impressive revenue of 26 billion dollars. The company specializes in researching, developing, and manufacturing innovative medicines, with a strong focus on biotechnology. Through its robust portfolio of biopharmaceutical products, Bristol-Myers Squibb aims to transform patients' lives by addressing unmet medical needs and improving healthcare outcomes.
#10 AstraZeneca PLC
Employees: 73K
Revenue: 26.6B$
Website: https://www.astrazeneca.com/
Description: AstraZeneca PLC, headquartered in Cambridge, United Kingdom, is a leading company in the Industrial Biotechnology industry. With a history dating back to 1999, AstraZeneca has established itself as a prominent player in the field. The company employs approximately 73,000 individuals worldwide, contributing to its success and innovation. AstraZeneca generates an impressive revenue of 26.6 billion dollars, showcasing its significant presence in the biotechnology market. Through its dedication to research and development, AstraZeneca continues to make advancements in industrial biotechnology, driving progress and delivering valuable solutions to address global challenges.
#9 Takeda Pharmaceutical Company Limited
Employees: 50K
Revenue: 30B$
Website: https://www.takeda.com/
Description: Takeda Pharmaceutical Company Limited is a leading biotechnology company based in Tokyo, Japan. Founded in 1781, Takeda focuses on industrial biotechnology, leveraging innovative scientific research to develop and manufacture a wide range of pharmaceutical products. With a workforce of approximately 50,000 employees, Takeda is committed to improving the health and well-being of people worldwide. The company's revenue reaches around 30 billion dollars, reflecting its significant presence in the biotechnology industry. Takeda's dedication to biotechnology research and development has resulted in the creation of numerous life-saving medications, making it a key player in the global healthcare sector.
#8 Abbott Laboratories
Employees: 107K
Revenue: 34.6B$
Website: https://www.abbott.com/
Description: Abbott Laboratories, headquartered in Abbott Park, United States, is a leading company in the Industrial Biotechnology industry. Founded in 1888, Abbott Laboratories is a global healthcare company that operates in various sectors including pharmaceuticals, diagnostics, nutrition, and medical devices. In the field of Industrial Biotechnology, Abbott Laboratories focuses on developing and commercializing innovative solutions for industrial applications, such as biofuels, bioplastics, and enzymes. With a workforce of approximately 107,000 employees, Abbott Laboratories has established itself as a key player in the biotechnology industry. The company generates an annual revenue of 34.6 billion dollars, demonstrating its strong presence and financial success in the market.
#7 Sanofi
Employees: 100K
Revenue: 39.3B$
Website: https://www.sanofi.com
Description: Sanofi, headquartered in Paris, France, is a leading player in the Industrial Biotechnology industry. Founded in 1973, the company has grown to employ approximately 100,000 individuals globally. With a revenue of 39.3 billion dollars, Sanofi is a major contributor to the biotechnology sector. The company's activities in Industrial Biotechnology focus on developing innovative solutions for various sectors, including healthcare, agriculture, and industrial processes. Sanofi leverages biotechnology to develop and produce bio-based products, such as pharmaceuticals, vaccines, and enzymes, that offer sustainable and environmentally friendly alternatives. Through its research and development efforts, Sanofi continues to shape the future of Industrial Biotechnology, driving advancements in healthcare and contributing to a more sustainable world.
#6 Bayer AG
Employees: 100K
Revenue: 40B$
Website: https://www.bayer.com
Description: Bayer AG, headquartered in Leverkusen, Germany, is a leading company in the Industrial Biotechnology industry. Founded in 1863, Bayer has grown to become a major player in the biotechnology sector. With approximately 100,000 employees, the company is committed to developing innovative solutions that harness the power of biotechnology to address global challenges. Bayer's activities in the Industrial Biotechnology industry focus on leveraging biological processes and organisms to produce industrial products, such as chemicals, materials, and fuels. The company's expertise in this field enables them to contribute to sustainable development and drive advancements in various sectors. With a revenue of 40 billion dollars, Bayer continues to invest in research and development to shape the future of industrial biotechnology.
#5 Novartis AG
Employees: 105K
Revenue: 47.5B$
Website: https://www.novartis.com/
Description: Novartis AG, headquartered in Basel, Switzerland, is a leading company in the Industrial Biotechnology industry. Since its founding in 1996, Novartis has been at the forefront of biotechnology advancements, leveraging cutting-edge technologies to develop innovative solutions. With a workforce of approximately 105,000 employees, the company is dedicated to improving global health through extensive research and development efforts. Novartis boasts an impressive annual revenue of 47.5 billion dollars, highlighting its prominent position in the industry. Through its diverse portfolio of products and therapies, Novartis aims to address unmet medical needs and enhance patient outcomes. As a leader in Industrial Biotechnology, Novartis continues to drive advancements in the field, revolutionizing healthcare and improving lives worldwide.
#4 Merck & Co Inc
Employees: 69K
Revenue: 48B$
Website: https://www.merck.com
Description: Merck & Co Inc, headquartered in Kenilworth, United States, is a major player in the Industrial Biotechnology industry. Founded in 1891, the company has a long history of innovation and scientific advancements. With a workforce of approximately 69,000 employees, Merck operates globally to develop and deliver innovative solutions in biotechnology. The company's revenue stands at an impressive 48 billion dollars, making it one of the top players in the industry. Merck focuses on developing and commercializing biotechnology products and solutions that address critical health challenges, including vaccines, pharmaceuticals, and animal health products. Through its research and development efforts, Merck continues to push the boundaries of biotechnology and improve global health outcomes.
#3 Pfizer Inc
Employees: 78K
Revenue: 52B$
Website: https://www.pfizer.com
Description: Pfizer Inc, headquartered in New York City, is a leading company operating in the Industrial Biotechnology industry. Founded in 1849, Pfizer has established itself as a prominent player in the biotechnology sector. With approximately 78,000 employees, Pfizer is dedicated to leveraging biotechnology advancements for the development of innovative medicines and treatments. The company focuses on research, development, manufacturing, and marketing of a wide range of biopharmaceutical products. Pfizer has achieved significant financial success, generating a revenue of 52 billion dollars. Continuously striving for excellence in the biotechnology field, Pfizer remains at the forefront of advancing healthcare solutions and improving global well-being.
#2 Roche Holdings AG
Employees: 97K
Revenue: 59B$
Website: https://www.roche.com
Description: Roche Holdings AG, headquartered in Basel, Switzerland, is a prominent player in the Industrial Biotechnology industry. Established in 1896, Roche has become a leading global healthcare company, focusing on the discovery, development, and production of innovative diagnostics and pharmaceuticals. With a workforce of approximately 97,000 employees, Roche contributes significantly to the advancement of biotechnology. The company's revenue stands at an impressive 59 billion dollars, showcasing its substantial presence in the industry. Roche's commitment to improving patient outcomes through groundbreaking research and technology has solidified its position as a key player in the biotechnology sector.
#1 Johnson & Johnson
Employees: 135K
Revenue: 82.1B$
Website: https://www.jnj.com/
Description: Johnson & Johnson, headquartered in North America, United States, specifically in New Brunswick, is a leading company in the Industrial Biotechnology industry. Founded in 1886, the company has a workforce of approximately 135,000 employees. With a revenue of 82.1 billion dollars, Johnson & Johnson is a global player in the biotechnology sector. The company is actively involved in research, development, and production of innovative products in the field of biotechnology, with a particular focus on industrial applications. Johnson & Johnson's commitment to advancing biotechnology solutions has made it a key player in the industry.
Summary
The sub-industry of Industrial Biotechnology within the larger Biotechnology sector has seen significant growth and success in recent years. The top companies in this field have achieved remarkable rankings and accomplished notable milestones.
One unexpected finding is the increasing collaboration between industrial biotechnology companies and traditional industries like agriculture, energy, and chemicals. This collaboration has resulted in innovative solutions and the development of sustainable products.
Among the premier companies in Industrial Biotechnology are Novozymes, Dupont Industrial Biosciences, and Amyris. These companies have consistently ranked high in terms of revenue and market share.
These leading firms share a common approach of leveraging the power of biotechnology to address global challenges such as climate change, resource scarcity, and pollution. They invest heavily in research and development to create cutting-edge technologies and sustainable solutions.
What sets these eminent companies apart from their industry rivals is their focus on commercializing their biotechnology innovations. They have successfully bridged the gap between scientific breakthroughs and market demand, resulting in profitable business models and global recognition.