Which industries are likely to be affected?
Most biotech applications today are either medical or agricultural.
The industries most likely to be affected by future developments in biotechnology are:
- medical devices,
- agriculture, including by genetically modified food crops and of plants to produce paramedical, plastics, and energy related products,
- food processing,
- health care, and
- computing and other markets using new nano-biotechnology materials.
In 2005, the global biotechnology marketplace was an estimated $126.3 billion and is
forecast to reach $226.1 billion by 2010.