Biotechnology Market Is Going To Surpass $604.40 Billion By 2020: Grand View Research, Inc.
“The global biotechnology market size was valued at USD 270.5 billion in 2013. Biotechnology plays an integral role in catering to the ever increasing agricultural demands.�
The Global Biotechnology Market size is expected to reach USD 604.40 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for biotechnology based diagnostics and therapeutics solutions such as recombinant technology, red biotechnology and DNA sequencing is expected to serve as a high impact rendering driver during the forecast period. Access Full Research Report on Global Biotechnology Market: http://www.grandviewresearch.com/industry-analysis/biotechnology-market The presence of government funded institutions such as the NBTB (National Biotechnology Board) and DBT (Department of Biotechnology) are carrying out R&D and product development exercises pertaining to this field. Funding and scientific updates rendered by these institutions are likely to boost market growth over the forecast period. Application of biotechnological processes such as genetic engineering and genetic modification (GM) in agricultural and food products to meet the demand of the booming
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