Biotechnology is used in various fields which require bio products like Agriculture, Medicine, Biological engineering, Biological engineering , Bio-remediation and bio-degradation , Biotechnology regulations, Education, etc. Biotechnology is used for developing commercial products by applying technical and scientific advances in life science. It involves the use of living organisms, biological science, and bio-processes in all its fields.
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Cell and tissue culture, molecular biology is used for generating unique organisms.
Biotechnology market trends involve use of modern methods like bio-bioinformatics, genetic engineering, cell fusion techniques, recombination DNA technology, hybridism technology and structure based molecular design, for biotechnology products production. Several environment friendly products have been developed by biotechnology industry by treating elements that pollute the environment.
Today, cells and biological molecules are precise and specific in their interactions as it targets on solving particular problems which results in limited side effects. Many developing countries like Africa, Asia, and Latin America gained prosperity with use of biotech processes, microorganisms, and genetics for creating hi-tech methods. Biotechnology market research reports had found that market growth is high in India, Malaysia, and Singapore.
The biotechnology market includes manufacturing, development, and marketing of products based on advanced biotechnology research. Research reports found major trends in biotechnology industry include that the pharma companies and biotech firms worked together improving their productivity, increase flexibility and market share. Government is also contributing towards development of biotechnology industry by offering tax breaks, direct funding and incentives. Government subsidies and concessions have enabled different countries to gain different competitive advantage in various aspects of biotechnology. Biotech industry shifted from individual tools production to integrated systems. Biotech companies are producing and entire ready to use packages for suppliers. New technology had forced the small biotech companies to produce more specific drugs for smaller markets. It is not possible for a firm to concentrate on entire market needs at a time. Targeting specific needs can help biotech firms to produce more effective products to solve particular problems or needs of market. Genomics is one of the new technology which helps in treating patients who need genetic makeup. Another new is technology Systems biology which relies on deep databases of genetic information, molecular diagnostics, and advanced computers and software to efficiently approach drug development.
Application of biotechnology is widespread. Biotechnology is basically used in agriculture for improving plant productivity and crop yield. For doing this various techniques are used like genes activation, developing disease resistant and drought resistant crops and so on. Biotechnology is also applied in medicine fields like Pharmacological, Pharmaceutical products, Genetic testing Gene therapy , Human Genome Project , and Cloning. This derives that biotechnology not only deals with health and medical aspects but also many other areas of life since. Biotechnology field is also gaining importance from educational point of view. Students are opting for graduation and training program to make career in this field.
