Over the past five years, the Global Biotechnology industry has grown by 2.0% to reach revenue of $301bn in 2019.

Statistic Info

Over the past five years, the Global Biotechnology industry has grown by 2.0% to reach revenue of $301bn in 2019. In the same timeframe, the number of businesses has grown by 3.9% and the number of employees has grown by 0.7%.

More Biotech Stats

More Market Research Stats

In 2018, the U.S. imported aerospace products worth about 53.98 billion U.S. dollars.

The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.

86% of SaaS businesses treat “New Customer Acquisition” as their highest growth priority, both in terms of executive support and funding available

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

Companies that spend more on sales and marketing (as a % of revenue) generally grew at a faster rate than those that spent less

If you are charging $500 per month, you can afford to spend up to 12x that amount (i.e. $6,000) on acquiring a new customer

The average company booking professional services revenue on new deals is equivalent to 16% of the first year subscription value. Professional services margins are approximately 22%

The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18

Sony’s PlayStation brand had accumulated approximately 38.57 million fans on the social network

Customer Acquisition Cost (CAC) = sum of all sales & marketing expenses/ number of new customers added