biotech as key technology

In recent decades, biotechnology has made numerous medical advances that are significant for society. What was a milestone in the treatment of diabetes in the early 1920s, for example, with the invention of insulin (1922), is now reflected in the development of highly innovative gene therapies for serious hereditary diseases or cancer. And we are only at the beginning. Breakthroughs in new products and pioneering therapeutic approaches are occurring at ever shorter intervals.

New technologies such as genetic medicine and artificial intelligence or machine learning are leading the biotechnology industry into a new age. With an estimated annual growth rate in double figures, the biotech sector is one of the most interesting industries of all. Research and solution fields are megatrends such as increasing life expectancy, a westernized lifestyle and diseases without adequate treatment or medical care. The fact that every second drug now comes from biotech laboratories and that many biotech companies are characterized by strong sales and profit dynamics confirms that the industry has reached a certain degree of maturity, although the potential is still considered enormous.

The search for a vaccine and treatment options against COVID-19 have also put the sector in the spotlight of the global investment community and the general public. This not only helps companies working on active substances against the coronavirus to attract more attention to their research work, but also the entire sector. Covid-19 has shown us how important a functioning healthcare system is for humanity. The biotech sector will play a major role in the fight against the pandemic.

Learn more about the key technology of the 21st century.

 

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