ADERSeN BoB,
Abstract
The global biotechnology market size was estimated at USD 369.62 billion in 2016. Presence of room for partnerships in the sector is expected to drive significant progress in the industry. The companies are focusing on the development of novel techniques and their implementation by collaborating with the other participants. Organizations such as the DBT (Department of Biotechnology) together with government funded institutions and other autonomous organizations representing the biotechnology sector promote funding to support R&D and new product development endeavors.