How to Become Better with Biotechnology?
Biotechnology has
played a dynamic role in improving the challenges regarding to human life. It
contributes much towards improving human life. It is an emerging technology
that uses living organism or biological processes for the purpose of developing
useful agricultural, industrial, or medical product.
According
to the researchers, many market researchers state that the increasing
development of the biotech product turns in growing Biotechnology market
in future. This industry is expected to grow at CAGR of around 56.21% for the
forecast 2018 to 2014.
Drivers of Market:
Biotechnology
has broad category of applications.
It is generally color coded
according to the sector it is used in. Blue
biotechnologies are related to marine organisms with the aim to improve marine
resources. Whereas Grey Biotechnologies includes the environment with the aim to
save biodiversity. Green Biotechnologies is related to the agro-industrial
sector to improve the productivity of rural areas. Red Biotechnologies that are
related to pharmaceuticals (medicines) to develop new medical therapies. White
Biotechnologies that are related to the industrial sector to improve food
production with the use of enzymes.
Trends and Opportunities in
biotechnology Market:
Recently Brand
Essence Market Research has published some research report on Biotechnology
market. It includes Global Artificial Organ Market and Global Porcine Vaccine
Market.
Increase in disease
indication among swine, technological advancement of RNA strand methodology,
and cultivation of pig for growth in standard of living is accounted to form
growth in porcine vaccine segment. Increase
trading facilities of live hogs/pigs, demand of pork meat and innovation
through clinical research activities are some of the drivers expected to drive
the market.
Artificial organ is an
engineered device, machine, tissue or others material that is implanted or
integrated into a human body to replace the functions of a missing organ. Artificial organ helps to prevent
imminent death while awaiting a transplant and improving the patient’s
capability to interact socially. Now these days, use of the artificial organ is
increasing globally due to its technological advancement and growing demand for
patient care.
Biotechnology Market: Segment Overview
The
industry is segmented by its application types, technology type and demand
across different geographic regions.
- Types of Application: Health, Food & Agriculture, Natural Resources & Environment, Industrial Processing Bioinformatics
- Types of Technology: Nanobiotechnology, Fermentation, Chromatography Market, Genetic engineering
- Geographic Region: North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
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