HealthCare Market Analysis

The global  biotechnology market  is expected to reach USD 727.1 billion by 2025, according to a new report by Grand View Research, Inc. The emergence of certain key themes in the biotechnology market is expected to drive growth in this industry to a lucrative extent. These key themes include regenerative medicine and genetics in diagnostics. Presence of a plethora of companies focusing on the development of regenerative therapies is anticipated to drive sector growth through to 2025. Technological advancements pertaining to the penetration of artificial intelligence in this industry is expected to fuel progress with potential avenues. The companies are engaged in unleashing machine learning in order to understand individual cancer cases, while recommending clinical trials. Supportive government (and its allied agencies) policies related to synthetic biology is a major growth impacting driver in this sector. Developed economies such as UK and the U.S. are critically ...

Global  biotechnology market  size is expected to reach USD 604.40 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for biotechnology based diagnostics and therapeutics solutions such as recombinant technology, red biotechnology and DNA sequencing is expected to serve as a high impact rendering driver during the forecast period. The presence of government funded institutions such as the NBTB (National Biotechnology Board) and DBT (Department of Biotechnology) are carrying out R&D and product development exercises pertaining to this field. Funding and scientific updates rendered by these institutions are likely to boost market growth over the forecast period. Application of biotechnological processes such as genetic engineering and genetic modification (GM) in agricultural and food products to meet the demand of the booming population is expected to encourage R&D. Biotechnology plays an integral role in catering to th...