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 Analysis Chapter
Now in its third decade, the Biotechnology industry is an increasingly important component of the life sciences sector. The industry is comprised of a range of players, from small start-ups to commercially viable operations selling biotech products both domestically and in key international markets. In addition to the growing number of biopharmaceutical companies using new technology platforms to focus on unmet health needs, biotech companies are also taking advantage of converging technologies to develop new applications for agricultural markets, industrial processes and the environment. These include environmental remediation and resource efficiency applications.
Investment and industry revenue have been slowly recovering since 2009-10, following the global financial crisis... purchase to read more