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The world is evolving consistently, especially in the biotechnology sector, which is expanding and offering several growth opportunities. With numerous biotechnology companies across the world, the industry is ready for innovations and progressions.
The biotechnology sector consists of several companies that fuse biology and technology for the development of drugs and other such products for treating diseases and other medical conditions. Present day’s biotech industry also involves companies that make medical devices and other diagnostics products, pollution controls, biomaterials, etc.
Securing a job at a good biotech company is a desired goal for several biology degree holders. But finding the best biotech company to work for is challenging. Before you decide on your employment, it’s important to take into consideration several aspects to make sure it’s the best fit.
Biotechnology Industries Driving Medical Progress
The biotechnology market across the world is witnessing significant growth and it reached a value of USD 1.55 trillion in the year 2023, with future projections that indicate a compound growth rate annually of 13.96% from the year 2024 to 2030.
Improvements in technology, several applications as well as regional developments are fueling this expansion of the biotechnology industry. Important growth drivers are numerous government initiatives, reducing costs of sequencing, and increasing demand for synthetic biological solutions.
The biotechnology sector is steadily growing in the USA with an average 1.5% increase yearly from the year 2018 to 2023. An important region for biotechnology in the USA is North America. Health applications are dominating the market with other sectors like food and agriculture, environment and natural resources, and bioinformatics also playing some major roles.
Future forecasts predict that the market will reach USD 3.44 trillion by the year 2030, with North America remaining important to this expansion because of government policies, various product launches, heavy investments, and increasing demands for biotechnological drugs. Going ahead, the Asia-Pacific region which is fueled by the significant patient base in countries such as India and China will become a dominating force for giving shape to the future biotechnology market.
Top Biotech Companies in the US to Work for
| Sl.no | Company name | Location | Size | Specialization |
| 1 | Gilead Sciences | Foster City, California | 5,001-10,000 employees | Biopharmaceutical research and development to create solutions for treatment of respiratory diseases and viral infections such as HIV and cancer. |
| 2 | Celgene Corporation | Summit, New Jersey | 5,001-10,000 employees | Biopharmaceutical developments in medicine and treatment therapies |
| 3 | Amgen | Thousand Oaks, California | 10,000 + employees | Manufacturer of innovative biological and gene therapies to treat disease |
| 4 | Alexion Pharmaceuticals Inc. | Cheshire, Connecticut | 500-1,000 employees | Develops and distributes biologic therapies to treat neurologic diseases, autoimmune disorders and cancer |
| 5 | Vertex Pharmaceuticals | Boston | 1,001-5,000 employees | Development of innovative medicines. |
| 6 | Biogen Inc. | Cambridge, Massachusetts | 5,001-10,000 employees | Develops and delivers medicines that treat neurological and neurodegenerative diseases |
| 7 | Illumina Inc. | San Diego | 5,001-10,000 employees | Innovation of genomic technologies |
| 8 | Regeneron Pharmaceuticals | Tarrytown, New York | 1,001-5,000 employees | Developments for medicines to treat diseases like cancer, asthma and infectious diseases |
| 9 | Agilent Technologies | Santa Clara, California | 10,000 + employees | Develops applications for a range of industries, including pharmaceuticals, environmental, energy and research |
| 10 | Ultragenyx Pharmaceutical Inc. | Novato, California | 501-1,000 employees | Biotechnical approaches to producing treatments for genetic diseases |
| 11 | Sorrento Therapeutics | San Diego | 51-200 employees | Biotechnical and pharmaceutical applications to develop new treatments for autoimmune, inflammatory and cancer diseases |
| 12 | BioMarin Pharmaceutical | San Rafael, California | 1,001-5,000 employees | Development and commercialization of enzyme substitution and gene therapies for rare genetic diseases |
| 13 | The Jackson Laboratory | Sacramento, CA | 1001 to 5000 people | |
| 14 | EMD Serono | Rockland, MA | 1001 to 5000 people | |
| 15 | Agilent Technologies | Santa Clara, CA | 5001 to 10000 people | |
| 16 | Exact Sciences | Madison, WI | 501 to 1000 people | |
| 17 | Genentech | San Francisco, CA | 5001 to 10000 people. | |
| 18 | Clario | Philadelphia | Generating clinical evidence for pharmaceutical, biotech, and medical device partners globally | |
| 19 | Revvity | Waltham, Massachusetts | Translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection, and diagnosis | |
| 20 | PacBio | Menlo Park, CA | Designing, developing, and manufacturing advanced sequencing solutions that allow scientists and clinical researchers to improve their understanding of the genome and tackle genetically intricate issues |
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