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 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.
The majority of companies in the industry research and develop new therapeutic or diagnostic products that target human diseases, although there are also a number of companies focused on agricultural and industrial biotech applications. Some companies that produce medical devices perform biotechnology R&D as part of their development processes... purchase to read more