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Tissue engineering has a broad spectrum of applications . It is used extensively in the repair & reconstruction of organs & cells whose functional capacities have decreased due to congenital anomalies , age , burns , and diabetic ulcers . Growing prevalence of degenerative disorders , such as Alzheimer ’ s and Parkinson ’ s favorably impacts demand for tissue regeneration . Due to a wide application scope in geology , biology , agriculture , and medical , DNA sequencing could expand robustly over the forecast period .
On the basis of applications , the industry is categorized into bioindustrial , biopharmacy , bioagriculture , and bioservices . Biopharmaceuticals are sub divided into recombinant proteins , orphan drugs , advanced drugs , and monoclonal antibodies . The recombinant proteins segment is expected to dominate the global industry from 2016 to 2024 . A host of vaccines being produced these days are made of biorecombinant proteins . Such a trend could drive the segment considerably . The bioservices industry may register a high rate of growth because of surging investments in clinical research by biotechnology & pharmaceutical companies . Other drivers of this industry are rising complexities of biotechnology processes , stringent regulatory norms , and cost cuts .
As per regions , the global biotechnology market is divided into Asia Pacific , North America , Europe , and Rest of the World . North America may continue dominating the overall industry in the coming decade . Regional drivers are high reimbursement rates of medical policies , quality healthcare infrastructure , and greater awareness among the masses . Asia Pacific may register the fastest growth among all regions because of factors , such as surging healthcare expenditure and increasing disposable incomes . Prominent companies in the global industry are Seattle Genetics , United Therapeutics , Vertex Pharmaceuticals , Novo Nordisk , and BioMarin Pharmaceutical .
Recently , scientists from the University of Bath , U . K . began a 5 year project to save vegetables , such as kale , broccoli , and cabbage , commonly known as ‘ Brassica vegetables ’. Unpredictable weather conditions in the U . K . have been harming the yearly harvests of brassica vegetables and oilseeds over the past couple of years . The BRAVO ( Brassica , Rapeseed and Vegetable Optimization ) project , financed by the BBSRC ( Biotechnology and Biological Sciences Research Council ) aims at promoting plant development and combating crop losses . The project follows the doctrines of Brassica genomics , genetics , modeling & phenotyping .
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