AUGUST 202319TOP 10LEADERS & ACHIEVERSFROM BIOTECH INDUSTRY - 2023Leaders from Biotech Industry Shaping the Future of HealthcareBiotechnology is a science-driven industry that uses living organisms and molecular biology to produce healthcare-related products. Biotechnology companies also develop therapeutics or processes. Biotechnology is best known for its role in medicine and pharmaceuticals, but the science is also applied in other areas such as genomics, food production, and the production of biofuels. Biotechnology, as applied to agriculture, reduces insecticide use, protects biodiversity, reduces erosion, increases tolerance to droughts and floods, and improves nutrition.Importance of Biotechnology in Modern Era: Biotechnology is most important for its implications in health and medicine. Through genetic -engineering the controlled alteration of genetic material scientists have been able to create new medicines, including interferon for cancer patients, synthetic human growth hormone and synthetic insulin, among others. Biotechnology provides tools for adapting and modifying the biological organisms, products, processes and systems found in nature to develop processes that are eco-efficient and products that are not only more profitable but also more environment-friendly.Contribution of Leaders from Biotech Industry: Modern biotechnology leaders generally research, develop, and produce a variety of commercial products while most focus on either medical or agricultural applications. Biotechnology firms use living organisms to manufacture products or solve problems. These leaders provides breakthrough products and technologies to combat debilitating and rare diseases, reduce our environmental footprint, feed the hungry, use less and cleaner energy, and have safer, cleaner and more efficient industrial manufacturing processes.Market Size: According to Precedence Research, the global biotechnology market size was valued at $1,224.31 billion in 2022 and is anticipated to surpass around $ 3,210.71 billion by 2030. The global biotechnology market is growing at a CAGR of 12.8 percent from 2023 to 2030.Industry Outlook in this issue presents a list of `Top 10 Leaders & Achievers from Biotech Industry­ 2023' who have leveraged their extensive industry expertise and experience in offering high quality products in the industry. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts, and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products.
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