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 Key Buyers Chapter
Biotech companies tend to be small enterprises with one to a few compounds in development. Many of these companies operate at a loss due to the length and cost of R&D processes. Even in the case of listed biotechs, roughly two thirds of all listed companies generate less than $5.0 million in annual sales, and half generate less than $2.0 million. The industry therefore tends to be highly fragmented.
Australia's Biotechnology industry has a low level of market share concentration, with the top four players accounting for less than 20% of the market... purchase to read more