Industry Analysis & Industry Trends
In the past five years, the global recession tempered demand for nonessential health products and reduced funding for biotechnology research and development from private investors. Despite these factors, industry firms thrived on the back of technological advances that facilitated new discoveries and stimulated greater demand from firms in the pharmaceuticals and agricultural sectors. Industry growth is forecast to continue skyrocketing in the next five-year period as investment in biotechnology from around the world increases, particularly from emerging economies... 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