Biotechnology applications poised for multi-sector growth across APAC

Biotechnology has fundamental applications across multiple sectors that are critical to the growth of economies around the Asia Pacific (APAC) region. The key factors driving this growth include favourable government initiatives, plummeting sequencing prices, growing market demand for synthetic biology, and increasing R&D investments by the public and private sectors. Asia Pacific’s biotech market is expected to expand even faster in the future, with a CAGR of 16.8% from now until 2028. This speed can be attributed to improvements in healthcare infrastructure, supportive government policies, clinical trial services, and epidemiological factors.

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Biotechnology has fundamental applications across multiple sectors that are critical to the growth of economies around the Asia Pacific (APAC) region. The key factors driving this growth include favourable government initiatives, plummeting sequencing prices, growing market demand for synthetic biology, and increasing R&D investments by the public and private sectors. Asia Pacific’s biotech market is expected to expand even faster in the future, with a CAGR of 16.8% from now until 2028. This speed can be attributed to improvements in healthcare infrastructure, supportive government policies, clinical trial services, and epidemiological factors.

Read the full story.