Market and growth of global life sciences by sector 2016

This statistic displays the market size and growth rate of the major sectors in the global life sciences industry in 2016. In that year, the biotechnology sector was estimated to generate revenues totaling some 294 billion U.S. dollars globally. Oncology is a leading area in both pharmaceuticals and biotechnology, while in-vitro diagnostics are important for the growth of medical technology.

Market size and growth of the global life sciences industry in 2016, by sector

Sales in billion U.S. dollarsGrowth rate (%)
Pharmaceutical1,0382.1
Biotechnology*2943.7
Generics**868.8
Medical technology3885.1
Distributors***8106.8
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Source

Release date

October 2016

Region

Worldwide

Survey time period

as of 2016

Supplementary notes

All values are estimates.
* CAGR 2010-2016.
** Calculated based on given data.
*** CAGR 2014-2019.

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