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Developing or making new products with the help of living organisms is known as biotechnology. It is
basically a technological application which uses living/biological system to produce products for specific
purposes. Heavy investment by biotechnological companies resulting in discovery of advanced biological
products is likely to drive the market in the coming five years.
Increasing usage in therapeutics, commercial application and basic research are the factors expected to
trigger the growth of biotechnology market over the forecast period. The instruments of biotechnology
market is also likely to witness lucrative growth owing to increasing number of biotechnology firms all
over the world and huge expenditure in sunk cost.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/biotechnologyindustry