Biotechnology, in simple terms, means utilizing biological processes, organisms, or systems for industrial & other purposes of manufacturing products intended to improve the quality of human life. Over the past decade, it has become an integral part of modern medicine, agriculture, and healthcare industry, thereby accelerating toward unprecedented growth. Modern biotechnology offers breakthrough products & technologies to combat debilitating & rare diseases, reduce our environmental footprint, feed the hungry, use less and cleaner energy, and have safer, cleaner, and more efficient industrial manufacturing processes.
As of today, there are more than 250 biotechnology healthcare products and vaccines available to patients. More than 13.3 million farmers around the world use agricultural biotechnology to increase the crop yield, prevent damage from insects & pests, and reduce the impact of farming on the environment. Over 50 biorefineries are being built across North America to test and refine technologies to produce biofuels and chemicals from renewable biomass, which can help reduce greenhouse gas emissions.
Biotechnology is applied in various fields for:
- Reducing rates of infectious disease
- Creating more precise tools for disease detection
- Combating serious illnesses and everyday threats in emerging countries
- Decreasing water usage and waste generation
- Generating higher crop yield with fewer inputs
- Producing food free of allergens and toxins
An extensive as well as in-depth understanding of this market can help you focus on your research areas (i.e., Genomics, Proteomics, Biopharmaceuticals, Emerging Technologies, or Next-generation Instruments and Equipment) and develop ground-breaking products to strengthen your foothold in the industry.
If you need assistance in understanding a particular facet of this market or gain insights to devise effective business strategies, please get in touch with our experts today!