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What Is Biotech, and How Does It Affect Me?
The biotechnology industry, sometimes shortened to simply the biotech industry, is tasked with researching and bringing to market drugs and medicines.
22:53 20 February 2023
The biotechnology industry, sometimes shortened to simply the biotech industry, is tasked with researching and bringing to market drugs, medicines and vaccines. These discoveries are capable of changing lives and, in many cases, the medicines made by the industry save lives too.
The biotech sector has many successes to shout about - responsible for creating insulin, HUMIRA, Avastin and many more drugs that support those with cancer, diabetes and arthritis every day.
Biotech was birthed by the invention of insulin, but rose to prominence during the Covid-19 pandemic - during which it was responsible for developing vaccines.
We have a lot to thank the biotechnology industry for, but most of us have never even heard of it or understand how it affects our lives.
Through research into biologics CDMO, extensive trials with different demographics of the population, establishing manufacturing processes and distributing the finished product to healthcare providers, biotech companies are revolutionising the way we live. They are making us healthier and live longer, happier lives.
Interested to find out more about the industry and its impact on your life? Here you’ll discover more about the sector and understand how artificial intelligence is paving the way for a better future. You’ll also learn how the industry directly impacts your life and the lives of those around you.
What Is Biotech?
Biotech uses biological rather than chemical processes to tackle the many ills experienced around the world.
The sector works closely with official government bodies, who decide whether new drugs are safe for use by members of the public.
You may have guessed from its name - technology plays a major role in the biotechnology industry. Artificial intelligence is used to read data, generate suitable test subjects and implement effective development and manufacturing processes.
The biotech sector is one of the most valuable markets in the world. It’s now worth a staggering $193.1 billion globally. Through new technologies, this industry is enjoying huge growth year-on-year.
How Does The Biotech Industry Affect Me?
Every drug you’ve ever taken to alleviate pain has been created by the biotechnology industry. Everytime you feel better after a short-term illness or are cured of a long-term one, you have the biotech industry to thank. That Covid-19 vaccine that let you get back to normal life - that too was given to us by the sector.
In America alone, 11.3% of the population have diabetes, while nearly one million live with multiple sclerosis. The biotech industry has created drugs to support both and continues working tirelessly to create a better future for those who suffer most. They’ll be working to provide solutions when you need them most.
You might not have heard of the biotech industry before today, but now you understand the vital work it's doing for you and everyone around the world.
By using the latest artificial intelligence technology, the biotechnology sector is transforming our understanding of medical science and providing respite from our illnesses.