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Biotechnology is a field of science that applies biological processes, organisms, or systems to create or modify products or processes for specific use. It is a rapidly growing industry that has the potential to revolutionize the way we live and work. The life science market within the biotechnology industry is focused on the development of products and services that improve the quality of life. This includes the development of drugs, diagnostics, medical devices, and other healthcare products. It also includes the development of agricultural products, such as genetically modified organisms, and industrial products, such as enzymes and bioplastics.
The life science market is driven by advances in technology, such as gene editing, artificial intelligence, and robotics, as well as the increasing demand for personalized medicine. Companies in this market include pharmaceutical companies, biotechnology companies, medical device companies, and agricultural companies. Examples of these companies include Amgen, Gilead Sciences, Johnson & Johnson, Bayer, and Monsanto. Show Less Read more