Biotechnology is a vast field of applied science dealing with manufacturing useful products from biological agents or derivatives thereof. Biotechnology, which often inevitably overlaps with fields such as biomanufacturing, bioengineering, and biomedical engineering, is used to produce several products useful for mankind, such as genetically modified food and vaccines. The field originated in the early 20th century, while major developments occurred in the second half of the century, as man’s knowledge about genetics and the applicability of biological systems for the benefit of mankind grew by leaps and bounds.
Biotechnology instrumentation is used in electrophoresis, immunoassays, microarray technology, and imaging. These and other biotechnology techniques have gained prominence in fields such as drug discovery and delivery and personalized medicine in recent years. The incorporation of emergent fields such as recombinant DNA technology, genomics, and advanced applied immunology has helped the biotechnology instrumentation market massively.
Overview of the Global Biotechnology Instrumentation Market
The global biotechnology instrumentation market has risen in recent years due primarily to the rising demand for personalized medicine. This is an emerging area of medicine that aims to eliminate the negative effects caused by mass-produced medication. Since every patient has a unique metabolism reacting to the medicine, the latter can sometimes cause unintended and adverse reactions. Personalized medicine aims to eliminate this possibility by tailoring medication to each individual’s biological makeup. Biotechnology instrumentation is of great help in this endeavor. Biotechnology instrumentation helps in identifying an individual’s probable reaction to a medication as well as in altering the medication accordingly.
The field of drug discovery and delivery has also been boosted massively by the application of biotechnology instrumentation. The rising utilization of 2D and 3D cell cultures in drug discovery has been a major factor driving the biotechnology instrumentation market. Increasing research in the field of gene expression, particularly following the development of the Human Genome Project, has boosted the demand for microarrays in order to study the expression of gene clusters or to genotype parts of a genome. This has also boosted the global biotechnology instrumentation market.
Major regions analyzed in this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments