Strong growth forecast for microbiotechnology market

Dec. 10, 2002 — Genomics, enabled by DNA and protein microarrays as well as new applications of microfluidics devices, are pushing the microbiotechnology market to reach $1.6 billion by 2006, according to a new report.

 

“Microbiotechnology: Seizing New Opportunities in a Complex Market,” said the field will grow at an average annual rate of 32 percent. The 350-page report, published by Drug & Market Development Publications, also includes information about the industry’s products, trends and profiles of leading companies.

 

Earlier this year, the firm published a report on nanobiotechnology.

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