Biotechnology is one of the most progressive and beneficial scientific advances of the last quarter century. Biotechnology utilizes biological processes, organisms, or systems to manufacture products intended to improve the quality of human life. The industry is highly innovative and is on a strong growth trajectory. The global Biotechnology industry size is likely to suppress the USD 700 billion by 2024, U.S. being the key region.
The widespread application across multiple industries including pharmaceutical, food, bio-products, medicine, nutrition, animal sciences and environmental conservation makes this industry one of the fastest growing with ample of opportunities.
Biotechnology tools have offered ascend to different interdisciplinary fields, for example, bioinformatics and pharmaco-genomics and have transformed the fields of drug discovery, personalized medicine, drug delivery. The industry emphases on novel drug development and clinical research aimed towards treating diseases and medical conditions.
Rise in the prevalence and incidence of chronic diseases such as diabetes and cancer have led the demand for various biotechnology products such as immunotherapies, molecular diagnosis, cell therapy for diagnosis, treatment and biopharmaceutical development. Moreover, the increasing demand for genetics and regenerative medicine and personalized medicines is driving the evolution of the global biotechnology industry.
Our biotechnology market segmentation research offerings include in depth market studies of various existing and emerging fields including bioinformatics, biomaterials, genomics, proteomics, agriculture GMO and crop production biologics, environmental biotechnology, nanobiotechnology etc.