Asia Pacific Biotechnology Market (2008-2012)
February 24, 2010 by Bioinformatics Computational Biology
Bharatbook.com is glad to announce a new report titled â??Asia Pacific Biotechnology Market (2008-2012)â?.
Asia Pacific Biotechnology Market provides an updated and detailed overview of the Asia-Pacific Biotechnology industry. It examines the emerging trends and provides exclusive forecasts and segment-wise snapshots of the Biotechnology industry in the region. The report also presents the information regarding the government policies on Biotechnology and region-wise Bioclusters in the Asia-Pacific countries.
Key Findings
Growing at an estimated CAGR of 11.23% between 2004 and 2006, the expected value of Asia-Pacific Biotechnology market by 2006 end is more than US$ 39.16 Billion.
Japan, China, and Taiwan are the largest Biotechnology markets in the Asia-Pacific region that had a combined market share of nearly 76% in 2006.
The Asia-pacific region will emerge as a key destination for clinical trials & stem cell research.
Biotechnology will play an important role in agriculture sector by developing large number of genetically modified (GM) crops.
Biopharma industry, comprising of vaccines, therapeutics, diagonostics and other products, will emerge as a major segment of the Asia-Pacific Biotech industry.
The Biotechnology industry in the Asia-pacific region is largely dependent on the government with very little private participation in most of the countries.
Lack of venture funding remains a major challenge for Asia-Pacific Biotechnology companies.
The Contract Research industry in India could reach as high as US$ 270 Million by 2009.
The Japanese Government, which was earlier accused of shielding its domestic companies, has now opened its doors for foreign investment.
Opaque government policies and regulations in China are acting as a major hurdle for foreign participation in the biotechnology market.
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