Biotechnology, Drugs & Genetics Industry Market Research

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Biotechnology, Drugs & Genetics OVERVIEW

       Biotechnology can be defined as the use of living organisms (such as bacteria), biological processes or biological systems in order to create a desired end result or end product.
     Primary markets for biotechnology include:  1) Agriculture, where genetically-modified seeds are now in wide use in many nations.
     These seeds deliver plants that have much higher crop yields per acre, and often have qualities such as disease-resistance, resistance to herbicides and drought-resistance.
     2) The manufacture of enzymes, including enzymes used in food processing and in converting organic matter into ethanol for fuel.
     3) Pharmaceuticals, where biotechnology creates such therapies as antibodies, interleukins and vaccines based on living organisms (as opposed to the chemical compounds that make up traditional drugs) that are able to target specific cellular conditions, often with dramatic results and fewer side effects.
     Biotechnology is a modern word that describes a very old science.
     For example, bio-enzymes have always been essential in the production of cheese.
     The modern difference is that much of the world's cheese production today utilizes a bio-engineered version of an enzyme called microbial chymosin.
     This chymosin is made by cloning natural genes into useful bacteria.
     Another example:  For thousands of years, mankind has used naturally-occurring microbes to convert fruit juices into wine.
     Analysts at global accounting firm E&Y estimate global biotech industry revenues for publicly-held companies at $132.7 billion in 2015, up from $123.1


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