Biotech Industry

The biotech industry, short for biotechnology industry, refers to the sector of the economy that utilizes biological processes, organisms, or systems to develop products and technologies for various applications. This industry encompasses a wide range of fields, including pharmaceuticals, agriculture, environmental science, and industrial biotechnology. Companies in this sector often engage in research and development to create new drugs, enhance crop yields, produce biofuels, and improve environmental sustainability through bioremediation techniques. The biotech industry leverages advancements in genetics, molecular biology, and biochemistry to innovate and address challenges in health, food security, and environmental management. It plays a crucial role in modern science and technology by transforming biological discoveries into practical solutions that improve quality of life.