| Issue |
BIO Web Conf.
Volume 82, 2024
International Scientific and Practical Conference “Methods for Synthesis of New Biologically Active Substances and Their Application in Various Industries of the World Economy – 2023” (MSNBAS2023)
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|---|---|---|
| Article Number | 05032 | |
| Number of page(s) | 5 | |
| Section | Economic Aspects of the Production and Use of Biologically Active Substances | |
| DOI | https://doi.org/10.1051/bioconf/20248205032 | |
| Published online | 03 January 2024 | |
Key trends in the global biotechnology market
1 Chechen State University named after A.A. Kadyrov, Grozny, Russia
2 Kabardino-Balkarian State University named after Kh. M. Berbekov, Nalchik, Russia
* Corresponding author: l_molochaeva@mail.ru
The global biotechnology market is is experiencing a dynamic transformation, showing a substantial upswing and diversification. The main trends forming this sector are considered in detail in this study in terms of extensive data collection and reliable analytical techniques. The main conclusions point to sustained growth in the market with a significant shift towards the Asia-Pacific region. Therapeutic advances, such as those in regenerative and personalized medicine, provide revolutionary approaches to healthcare. Simultaneously, agricultural biotechnologies are becoming a beacon of light for the challenges of food security and climate change. Due to the combination of biotechnology with digital tools, it foretells a new era of interdisciplinary research to facilitate rapid discoveries. However, the rapid pace of innovations necessitates vigilant and adaptive regulatory frameworks. This article reports on the multidimensional nature of the biotechnology landscape, highlighting its potential in forming a sustainable, healthy, and equitable future.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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