Industry Analysis & Industry Trends
The Australian biotechnology industry is one of the largest in the world. Biotechnology refers to the use of living organisms, or their products, to modify human health and the environment. While genetically modified (GM) products remain controversial, attitudes are beginning to change and there has been increasing acceptance of the process in agricultural industries and across other sectors. Biotechnology is an increasingly important part of product development in a variety of industries.
Biotechnology companies often use research that began in higher education, public and not-for-profit research organisations. While government and non-profit organisations remain important sources of funding, the private sector is increasingly contributing to industry revenue... purchase to read more
Industry Report - Industry Products Chapter
Most biotechnology companies are small to medium-size enterprises that focus on a single product line. Nearly all of these companies seek to develop products, although only a few operate in the marketplace and sell these products to consumers. Many biotech companies license their products to other companies that have a market presence, including larger multinational players. Most industry companies research and develop new therapeutic or diagnostic products that target human diseases, although there is also a growing number of companies focused on agricultural and industrial biotech applications.
With little information available, the product segmentation is based on the number of enterprises operating within each major field... purchase to read more