Biotechnology Market Research Report 2020
“ The global market for biotechnology is expected to reach USD 604.40 billion by 2020 . Increasing application scope coupled with the rising demand for effective vaccines and drugs in an attempt to improve healthcare access to patients with unmet medical needs is expected to drive market demand over the next six years .”
The global market for biotechnology is expected to reach USD 604.40 billion by 2020 . Increasing application scope coupled with the rising demand for effective vaccines and drugs in an attempt to improve healthcare access to patients with unmet medical needs is expected to drive market demand over the next six years . In addition , the need to enhance agricultural productivity via the use of genetically engineered seeds is expected to serve this market as a driver .
Browse Full Research Report @: http :// www . radiantinsights . com / research / biotechnology-market-biopharmacybioservices-bioagriculture-bioindustrial-fermentation-dna-sequencing-tissueengineering-regeneration-analysis-and-segment-forecasts-to-2020
Biopharmacy dominated the overall market , accounting for over 60 % of the total revenue in 2013 . High costs associated with the drug discovery process coupled with increasing healthcare expenditures in emerging markets such as India , China and Brazil are some of the factors augmenting biopharmacy growth .
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