Biotechnology Industries in the Market

The Biotechnology Industry is largely divided into the medical and agricultural markets. Although enterprising biotechnology is also applied to other areas, such as the industrial production of chemicals and bioremediation, the use in these areas is still specialized and reserved. On the other hand, the medical and agricultural industries have undergone biotechnology revolutions. This has included new research efforts, development programs, and business strategies to discover, alter, or produce novel biomolecules and organisms through bioengineering. Biotechnology has been involved in the initial drug discovery and screening stages. Most major pharmaceutical companies have active target-discovery research programs heavily dependent on biotechnology.

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