Press release
Red biotechnology Market Is Driven by Breakthrough Outcome of New Medical Therapies
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Red biotechnology aka medical biotechnology involves the development of novel therapeutic procedures and advanced diagnostics. The application of biotechnology in pharmaceutical and biopharmaceutical segments involve examination of cells and tissues, stem cells, orphan drugs, pharmacogenetics, genetic testing, gene therapy, and proteomics. Red biotechnology is primarily used for neurosciences and protein research.
The application of biotechnology in pharmaceuticals has helped the healthcare industry discover line of treatment for almost 5,000 to 8,000 rare diseases that affect almost 27 to 63 million people worldwide, which represents 6-8% of the global population. Red biotechnology has also helped for the diagnosis and treatment of an array of life-threatening diseases. Furthermore, advances in biotechnology for pharmaceutical and biopharmaceutical industry have improved treatment efficacy considerably. For instance, the application of red biotechnology in the pharmaceutical industry have improved survival rate of most cancers.
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Geographically, North America and Europe holds a strong growth following the increasing need of digital system in life sciences. While increasing investment for infrastructure modernizationby domiciled companies in Asia-Pacific regions may potentiate the growth of life sciences software market in this region.
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Red biotechnology is the application of biotechnology in biopharmaceuticals and pharmaceuticals production. It provides patients with innovative and modern modes of diagnostics and treatments. This biotechnological application involves research and study on cells and tissues, genetic testing, stem cells, gene therapy, orphan drugs, proteomics and pharmacogenetics. The red biotechnology mainly focuses on neurosciences and protein research.
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