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:

  • pharmaceuticals,
  • 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.

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