Biotechnology

Genetic Engineering & Biotechnology

One kind of biotechnology is gene technology, sometimes called 'genetic engineering' or 'genetic modification', where the genetic material of living things is deliberately altered to enhance or remove a particular trait and allow the organism to perform new functions. Genes within a species can be modified, or genes can be moved from one species to another.

The largest market today in comparison with non-genetic tests is the developed nations of the North Americas, Europe and Australia. Among these, North America accounts for the largest market share and expected to lead the market during the entire forecast period of 2013 to 2019. However, Asia-Pacific region is expected to show an attractive growth rate in coming years.