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The next big thing in bioengineering is not going to be a single gene but two!

August 17, 2021 Comments Off on The next big thing in bioengineering is not going to be a single gene but two! By admin

By 2020, the next big biotech innovation is expected to be biotechnology.

There are currently around 5,000 biotechnology companies around the world, and the industry is expected continue to grow by a third to 10% per year.

But there are several other technologies in the pipeline.

We asked industry experts how they saw the future of biotechnology in the coming years.

Dr Tim Molloy, head of the Biotechnology Institute of Australia’s Biotechnology Engineering School, said the next decade would be “a very challenging time for biotechnology”.

“We are already at the tipping point where our ability to produce new products and to commercialise them is going to take off,” he said.

“I would expect that we are going to see a doubling in the number of applications of this technology within the next 15 years.”

Dr Mollay said biotechnology was “moving at a speed which is unprecedented in history”.

He said the industry needed to keep pace with the pace of change and that “we are moving at a pace which is unparalleled in history.”

“It’s going to continue to evolve in a manner that is unprecedented, but it is a technology that we can produce and deliver and that is going do it.

The Australian Biotechnology Industry Association has released its first “Biotechnology Industry Outlook”.

It predicts a boom for the biotechnology industry in the 2020s and a significant slowdown in the next five years.

It says a “massive” expansion in the biotech sector will occur in 2019-20.

It says there are now “three main biotechnology sectors in Australia and around the globe: Bioengineering, Biotechnology Biotechnology, and Medical Biotechnology”.”

The industry has been experiencing rapid growth in the last 10 years and in 2020, we expect a major expansion,” it says.

A key indicator for the industry in 2020 is the number and growth of new applications and innovations, it says, with more than 30% of all applications and 10% of new biotechnology applications expected in the 10 years to 2020.

Biotechnology is expected in more than half of the new applications being applied in Australia by 2020, with Bioengineering and Biotechnology Bioengineering leading the pack with over 70% of applications.

More applications are expected for the next 10 years than in any year of the past, the AAIB says. 

Biotechs Biotechnology Career Paths and Career Development The industry also has a number of career paths for its workers, it predicts.

Research, development and commercialisation will be the major driver of growth in biotechnology over the next 20 years.

Bioengineering is forecast to become a key focus for biotechnologies.

While a significant increase in the demand for scientists will drive the industry’s growth, the same will not be true for the number or the pace, the report says.

In the next 5 years, there is an expected increase in research and development of around 50% in the Biotech Industry Sector.

By 2020, more than 40% of the biotecnological research and commercialization will be focused on Biotechnology and the Biotechnological Biotechnology Research Centre is expected grow by over 15% to reach 5,400 staff by 2020.

The number of research and technical staff at Biotechnology will grow by around 70% to more than 8,600 by 2020 and there will be more than 1,200 researchers in the industry by 2020 with an additional 5,300 scientists working in the sector.

Biotechnology will have an important role in the economy and biotechnology will be a key driver of the sector’s growth and development, the company says.

It also says the industry will benefit from the “massive scale” of biotechenologies development and innovation.

In the next three to five years, the Biosecurity and Health sector is forecasted to be the second largest contributor to biotechnology growth in Australia with more research and developments in the area expected to support the sector, the research group says.

Biotechnology is projected to contribute over 2.4 million new jobs by 2020 compared to 1.5 million new positions in 2020.

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