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Biotechnology - Planet's Next Big Opportunity
Asia's influence on the global biotech industry is gathering
movement. Asia's foray into biotechnology has generated a huge interest
in prospective market players due to the sheer market size that has been
unused.
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Owing to this government of each Asian country has invested in
biotechnology, considered as science of future and they are basically
the ones who are driving the biotechnology research. In contrast the
role played by Private industry is trivial. This is primarily because
biotechnology research requires huge investment in infrastructure as
well as the returns is quite low in the early years.
China's foray into biotechnology was with a focus on plant genomics
and transgenic technology. It was the Asia's only country, which took
part in the human genome project. Similarly, India was among the
front-runners in biotech projects and is set to emerge as a strong
player in the biopharmaceutical market.
Recent report on "Asia Pacific Biotechnology Market (2007-2010)" by
RNCOS' also conveyed similar results, as per which, the biotechnology
industry in Asia-Pacific is expected to play a vital role in the global
biotechnology market in future. The Asia-Pacific region generated
estimated revenues worth US$ 39.16 Billion in 2006.
The report also confirmed the Asian governments efforts in making
biotechnology a top priority and agreed that the region is largely
dependent on the government with very little private participation in
most of the countries.
Likewise the report acknowledged the efforts of China and India
(among others) in the field of biotechnology and talked about the
China's Beijing Genomics Institute that conducted a number of genome
sequencing projects including its well-public ized human genome project.
The report also agreed that over US$ 10 Billion worth of
biopharmaceuticals were scheduled to go off patent by the end of 2006
and India, with its unique pharma and biotech skills, can cash in on
this opportunity.
Further, the report also addressed some other interesting issues for
today's global business environment such as market trends in the
Asia-Pacific Biotechnology industry, the role played by the governments
and opportunities that can be leveraged by the industry.
The report provides an extensive research and objective analysis of
the biotechnology market in Asia-Pacific and help clients in analyzing
the opportunities critical to its growth.
About RNCOS E-Services Pvt Ltd.:
RNCOS, incorporated in the year 2002, is an industry research firm.
It has a team of industry experts who analyze data collected from
credible sources. They provide industry insights and analysis that helps
corporations to take timely and accurate business decision in today's
globally competitive environment.
For more information visit:
http://www.rncos.com/Report/IM520.htm
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