Biotechnology Market Research Reports

Agricultural application of biotechnology is the main reason that is responsible for the development of biotechnology industry. In addition to this, medical application of biotechnology also dominated the biotechnology industry and spearheaded its growth all over the world. Besides all this, the industrial application of biotechnology also has a major share in the development of biotechnology industry. Rising use of biotechnology for disease management, prevention, and cure of various diseases is also flourishing the growth of biotechnology industry. Biotechnology equipment finds applications in microarray technology, chemotherapy, electrophoresis, immunoassay, and mass spectrometry, thereby boosting this industry. Biotechnology equipments have given rise to different interdisciplinary fields such as pharmaco-genomics and bioinformatics. These tools have revolutionized the fields of drug discovery, drug delivery, and personalized medications. All these factors eventually led to the development of this industry.