Industry Analysis & Industry Trends
Biotechnology is becoming an increasingly important part of product development in a variety of industries. Biotechnology refers to the use of living organisms, or their products, to modify human health and the human environment. While genetically modified products remain controversial, attitudes are beginning to change, with the increasing acceptance of the process within agricultural industries and across other sectors.
Biotechnology companies are often spin-offs, using research started in higher education, public and not-for-profit research organisations. While a large amount of biotech research and development is funded by selling company stock or from interest income, research in the industry is largely funded by government and non-profit organisations... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Now in its third decade, the Biotechnology industry is still considered to be in the growth phase of its economic life cycle. There are dozens of new companies entering the industry each year. industry value added (the measure of the industry's contribution to the economy) is expected to grow by 4.9% annualised over the 10 years through 2019-20, which is above the expected GDP growth of 2.7% over the same period.
An increasing number of companies have launched their products on the market, and this has prompted a rise in profitability. Biotechnology industries in the Asia-Pacific region were the first to reach positive overall profitability. This was mainly linked to the success of the major player, CSL... purchase to read more