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European Pharmaceutical Contractor
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Innovation has been of enormous significance to the well-being of people all over the world. In its time, the development of mechanics has enabled the development of work machines and vehicles, and information technology has revolutionised the processing and transfer of information. There is a wide-reaching consensus of opinion on the next great technology - it will be biotechnology.
According to an OECD definition, biotechnology refers to the appliance of science and technology to living organisms and their parts, products and models, with the purpose of modifying living or inanimate materials for the production of information, products and services. Investment growth in the biotech sector signals the significance biotechnology presents to industrialised countries.
The demand for products in the field of biotechnology has risen steadily by five to 15 per cent each year, depending on the product group, clearly exceeding the average increase in demand in general. In Finland the need to renew health care requires new treatment methods, services and products. For these reasons it can be predicted that the demand for health technology will continue to rise for at least the next 25 to 30 years. In addition to health care applications, biotechnology will also be widely utilised in other fields.
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