The 21st century is witnessing the dawn of biotechnology, which is expected to surpass Information Technology as the new engine of the global economy.
Biotechnology is expected to alter healthcare, agriculture, commercial and industrial products. It is predicted, that by the middle of the 21st century, all companies will become Biotech companies in some form or the other.
This report on the the Global Biotechnology Industry examines biotech market segments, emerging biotech technologies, profiles leading players and more. It includes an analysis of the biotechnology industry in 15 countries.
Biotechnology is a collection of technologies that capitalize on the attributes of cells and biological molecules, such as DNA and proteins. A key driver and enabler of emerging biotechnology is bioinformatics.
Conventional techniques of producing biotechnology products, such as using traditional microbiological fermentation, evolved with the development of modern technologies. Modern biotechnology entails the use of cell fusion techniques, bio-informatics, genetic engineering, structure based molecular design and recombinant DNA technology, and hybridoma technology.
The world market for biotechnology is expected to grow considerably in the next five years. The United States is the recognized leader in the global biotech market and it maintains its competitive edge through continuous creation of highly innovative products and processes.
In this report, you'll gain an understanding of the global biotechnology market and it's growth potential
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Publication Date: June 2011