Biotechnology & its applications

The biotechnology and its application is increasing day by day and its market is expected to show substantial growth from 2014 to 2017, owing to regulatory support offered to various companies operating in the biotechnology field. In addition, increased demand for food in developing countries has spurred the growth of the bio agriculture market. Bio seeds are expected to show exponential growth compared to conventional seeds. The key regions for the global biotech industry are the United States, Europe, Canada and Australia. About 600 companies and 170 thousand employees in these countries generate some 90 billion U.S. dollars of biotech revenue. Globally, around 160 billion U.S. dollars were spent on biopharmaceuticals in 2011. This figure is expected to exceed 200 billion U.S. dollars by 2016. The United States is the leading global biotech player, with more than 60 billion U.S. dollars of revenue and the industry’s total market value of some 360 billion U.S. dollars. North America is the largest market for biotechnology due to the higher adoption of biopharmaceuticals and increased preference towards bio services due to higher cost in the region. The bio services segment is the fastest growing market in the Asia Pacific region due to low cost of clinical trials.

  • Plant biotechnology
  • Animal biotechnology
  • Biotechnology in Oceanography, Marine & Acquaculture science
  • Food biotechnology
  • Protein engineering
  • Microbial Biotechnology
  • Cellular & Tissue Engineering

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