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 soften 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 Analysis Chapter
In the wake of the global financial crisis, demand for biotechnology research has remained steady, and the industry has continued to attract investment due to its high growth potential. Nonetheless, the industry did slow down during the economic downturn. This was partly due to increased consolidation (as parts of the industry matured), changes to the structure of government assistance (in particular the abolition of the Commercial Ready program) and difficulties in raising capital. Due to the effects of the global financial crisis, the revenue slowdown continued through 2009-10, which rattled investment in the industry. Investment and industry revenue have been slowly recovering since 2009-10. Over the five years through 2013-14, revenue is estimate to grow at an annualised 1.7%... purchase to read more