New Report Out on Biotechnology Use in Industry

The Commerce Department has released a new, highly informative report on the use of biotechnology in industry.

Over 60 NAICS-classified industries are identified as users of biotechnology in one way or another. This market application perspective of biotech is new and very useful in helping EDOs ascertain which industries can benefit the most from existing and emerging technologies in the field.

Human health still represents over 70 percent of all uses of biotechnology, but many other field, such as animal health, agriculture, and environmental protection are increasing their use biotechnologies.

The study provides information about business size, structure and performance, which is important in determining whether new biotechnologies are adding to sales and profitability--they appear to be doing just that.

Download the full report here.