ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report which finds that the Chinese biotechnology market is expected to grow at a CAGR of  23% from 2007-2012.

The publication, Asia Pacific Biotechnology Market, says this will enable the country to represent around 25% of the Asia-Pacific biotech market revenue by 2012.

The study has identified lower wages in China compared to other countries in theAsia-Pacific as the main reason for high growth in the country’s biotechnology market. For instance, wages in China are 10-15% lower than in India. Also, the labour policies in China are more liberal, helping the biotech industry to increase productivity and reduce cost.

In addition, authors of the report say that the Chinese government strongly supports its biotech industry and has been aggressively investing in the industry to foster growth. They expect that the investment  by the govt. will hit US$ 8.8 Billion by the end of 2010 as the government intends to make China one of the leading biotech markets in the world.

Key findings from the report:

• Asia-Pacific is expected to become a major destination for stem cell research and biogeneric manufacturing.
• Growing at an estimated CAGR of 15.9% between 2005 and 2007, the value of Asia-Pacific Biotechnology market in 2007 was more than US$ 41 Billion.
•  The medical biotechnology sector presently accounts for the highest share in the overall market.
• Asia-Pacific is expected to become a major destination for stem cell research and biogeneric manufacturing.

Some questions the report addresses:

• What are the market trends in the Asia-Pacific Biotechnology industry?
• What is the course of market growth for the next 5 years?
• What are  the opportunities that can be leveraged by the Asia-Pacific Biotechnology industry?

The report provides an exhaustive view of the biotechnology markets in Japan, China, Australia, South Korea, India, Taiwan, New Zealand and Singapore.

Asia Pacific Biotechnology Market

ReportBuyer.com product ID: RCS00471

ReportBuyer.com category: Pharma and Healthcare