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Malaysian Biotech to Grow at 21% CAGR

Aug 04, 2009

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Biotechnology expands societal wellbeing and wealth creation by unlocking the value of the country's natural resources and human capital talents. Anticipating the potential of biotech sector to be a key driver of economy, Malaysian government is putting their special efforts to create a biotech boom in the country. This has been leading to the rapid growth of biotech industry in Malaysia. Malaysian biotech sector is anticipated to grow at a CAGR of around 21.7% during 2009-2012, pushing it among the top growing market in the Asia Pacific region, says our econometric study "Asia Pacific Biotechnology Market (2008-2012)".

We have done extensive research on the Asia-Pacific biotechnology market in order to monitor various trends and developments undergoing across this key biotechnology market. For instance, the Malaysian biotechnology market is one of the fastest emerging markets in the region is currently very small, but it is growing at a rapid pace to outperform the some of the major markets in near future. "Various factors, such as increasing private investments, improved IPR and legal structure as well as the government support to the industry, have strongly boosted the growth rate of the Malaysian biotech market, thereby forcing more investors to invest there. Owing to these factors Malaysian biotechnology market is projected to grow at the highest rate in the Asia Pacific market," says a research analyst at RNCOS.

We have found that healthcare and agriculture biotechnology segments hold most of the market share. Companies continue to expand competencies in these sectors with continued investments. Moreover, bioinformatics is expected to grow well in near future also.

Our study analyzes the key markets and segments of biotechnology industry to give a brief account of the future scenario of the industry. According to our industry experts, several steps should be taken by governments to increase investment in dedicated research and development. "Asia Pacific Biotechnology Market (2008-2012)" provides detailed analysis of the factors which are fueling the growth of Asia-Pacific biotechnology market. Besides this, report also provides rational analysis and forecast on various segments and sectors of the industry.

For more information visit: http://www.rncos.com/Report/IM138.htm


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