Global Biotechnology

The IBISWorld Global Biotechnology industry report covers the following activities: Biotechnology is the application of science and technology to living organisms as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge and biotechnology products and services. The definition of biotechnology as used by the US Census Bureau and the National Science Foundation is: the application of molecular and cellular processes to solve problems, conduct research, and create goods and services. Biotechnology includes a diverse collection of technologies that manipulate cellular, sub-cellular, or molecular components in living things to make products or discover new knowledge about the molecular and genetic basis of life, or to modify plants, animals and micro-organisms to carry desired traits. Such technologies include, but are not limited to: genetic engineering (e.g. recombinant DNA, gene therapy, cloning, antisense); hybridoma technology (to produce monoclonal antibodies); polymerase chain reaction or PCR amplification; gene mapping; DNA sequencing; restriction fragment length polymorphism (RFLP) analysis; and protein engineering.