Industry Analysis & Industry Trends
The Global Biotechnology industry comprises a diverse range of firms engaged in the development of pharmaceuticals, pest-resistant crops and biofuels, among other products. Revenue for the industry has grown over the past five years and global investment in biotechnology has increased consistently, with much of the added R&D spending funneled into medical applications aimed at providing care for the aging global population. The industry is expected to continue prospering over the next five years, with the Asia-Pacific region making significant investments to gain a foothold in the market. Larger players will increasingly pursue low-risk growth strategies, such as partnering with academic institutions and acquiring smaller firms with products already in the late stages of development... read more
In its simplest definition, biotechnology is technology based on biology. Although biotechnology has applications in many fields, three primary fields of application that are generally comparable across all countries are health (both human and animal health), agro-food and industry environmental applications.
Human health technologies
The vast majority of industry companies research and develop products for the human health market; products from this segment account for about 44.9% of global industry revenue. As with other industry segments, the range and experiences of companies are highly diverse and many incur a significant financial loss until regulatory approval of a product or process... read more