The Australian biotechnology industry is one of the largest in the world. Biotechnology is an increasingly important part of product development in a variety of industries. Biotechnology refers to the use of living organisms, or their products, to modify human health and the environment. While genetically modified products remain controversial, attitudes are beginning to change and there has been increasing acceptance of the process in agricultural industries and across other sectors.
Biotechnology companies often use research that began in higher education, public and not-for-profit research organisations.
Biotechnology is the application of science and technology to living organisms and also parts, products and models, to alter living or non-living materials to produce knowledge and biotechnology products and services. The industry covers biotechnology research and development, licensing, product manufacturing and product wholesaling. Companies that focus on medical devices are not included in this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.