The evolution of biotechnology

English Reports

The evolution of biotechnology

It has been more than 30 years, biotechnology impacting science, law, health, and environment and many other sectors dramatically. In a short time span, you would be shocked to know that more than 300 biotechnology products have been approved and used widely.

The overall sales of these products were calculated more than $180 billion in the year 2014. This amount is good for sustaining and managing big life science sector that includes more than 5000 biotech companies worldwide.

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Biotechnology is progressing rapidly and it affects healthcare sector in four different ways – innovation in medical science, government activities or support, business sector and development, healthcare facilities.

The future growth of biotechnology is certain as medical science is improving and progressing almost every day, government is offering incentives offers for medical sector rather it is public or private, Business leads to cost effective medical solutions, and healthcare provider promising better quality of care in coming years.