Industry Analysis & Industry Trends
Biotechnology is becoming an increasingly important part of product development in a variety of industries. While genetically modified products remain controversial, attitudes are expected to begin to change, with the increasing acceptance of the process within agricultural industries and across other sectors.
Biotechnology companies are often spin-offs of 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. Nonetheless, the private sector is increasing its contribution... 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 biotechnology companies seek to develop products, although only a few of these companies operate in the marketplace and sell these products to consumers. Many biotech companies will license out their products to other companies that have a presence in the marketplace.
Some medical device companies perform biotechnology R&D in their development processes. Medical devices are equipment or software used for monitoring or treating a disease, injury or physiological process.
The majority of companies in the industry research and develop products for the healthcare market... purchase to read more