San Jose, California (PRWEB) September 11, 2008
Biotechnology industry is regarded as one of the most capital intensive and research-intensive industries. Competitive success and growth in the industry is hugely dependent on the ability to secure needed capital. Majority of companies cannot pivot on product revenues to meet these needs because of the time required to bring new products to market. Instead, the industry has used a wide variety of mechanisms, ranging from venture capital investments and public investments, joint ventures and partnerships with other companies to pump the money required to fuel the industry's growth. Regulation will also continue to remain a key factor influencing the growth of the biotechnology industry, especially for recombinant DNA technology based products. In the upcoming years, the world biotechnology industry is expected to make substantial progress fueled by private funding, collaborative research communities, and commercial opportunities.
Biotechnology has been recognized as a key growth technology by most industrialized countries. While the United States industry leads the global biotechnology market in terms of discovery and product sales, Japan, Asia and the Europe are coordinating government, academic and industrial resources in biotechnology development to establish a strong, government-supported technology network.
Biotechnology has a wide range of opportunities, especially in agriculture, human and animal health, molecular biotechnology and the environment sectors. The acceleration of drug discovery and commercialization process resulting from biotechnology is contributing to growing applications in biopharmaceuticals market. Biotechnology companies in the pharmaceuticals arena focus on discovering and developing drugs to diagnose, prevent, treat and cure critical diseases. Major biotech drugs available in the market include antibiotics, cancer drugs, anemia drugs, and drugs for multiple sclerosis, arthritis, neutropenia, Alzheimer's disease, infectious diseases, diabetes, AIDS and heart disease. Additionally, over 300 biotech drugs comprising products and vaccines are under clinical trial for a wide range of therapeutic conditions. The market for contract biologics manufacturing is sharply rising with the growth of the biopharmaceuticals sector. Contract biologics manufacturing is rising for specialized technologies and the segment accounts over 20% of total biopharmaceutical manufacturing.
Utilization of biotechnology for the development of agriculture related products and processes would represent a key strategic factor to improve the quality and quantity of production in the country. Agricultural biotechnology market is burgeoning, as a result of acceptance of genetic engineering and biotech crops and improved regulatory framework in areas including agricultural research policy, consumer preference, marketing and production, worldwide food demand and industry structure. Biotechnology companies are engaged in myriad activities such as designing of transgenic and genetically modified crops, production of bio-pesticide inoculates, micro-propagation enhancement, food, embryos, pulp, and disease diagnosis.
The report titled "Biotechnology: A Global Outlook" provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird's eye view of the Biotechnology industry. Annotated with 26 fact, and data rich tables presenting analytical segmentation by product application, the report provides global revenues, and expenditure on R&D of/by biotechnology companies, sales of enabling technologies, biologic drug sales by product and global biotech/pharmacogenomics/bioinformatics product/technology sales, among others. The report also includes an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 2,223 companies worldwide.
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