Why is the Biotech Industry so important?

The biotechnology (“biotech”) industry covers a range of industries, including human therapeutics and life sciences such as pharmaceuticals and medical devices, which improve the lives of many people, and in many cases also save the lives of seriously ill people.

In the agricultural biotech sector, agbio is improving the output and quality of crops that feed the world’s people.

In the mining/industrial sector, biotechnology helps to improve the efficiency and output of many of the processes that go into providing man with the building blocks to provide shelter and other equipment that is part of the industrial landscape, providing employment and improving the lives of many.
There are many other examples of the reach of biotechnology into our everyday lives.