Government Initiatives To Positively Drive Malaysian Biotech Sector
Backed by factors, like strong government support and rise in awareness, the Malaysian biotech industry will grow at the CAGR of 16% during 2010-2012, RNCOS identified.
- (1888PressRelease) March 08, 2011 - According to our new research report "Emerging Biotech Sector in Malaysia", Malaysia has witnessed a significant level of development in biotech sector since the start up of 8th Malaysian plan (2001-2005) by the government. The overall market size of the Malaysian biotech industry was RM 562 Million in 2009, which was an impressive increase of around 49% over 2008. Factors, like strong government support and strong R&D base will drive the market to RM 885 Million by 2012, growing at a CAGR of around 16% since 2010.
Our report has found that, the agricultural biotechnology sector is likely to contribute a vital part in the overall Malaysian biotech industry in near future. The government has given a prime importance to this sector in its investment programs and has focused on areas, like livestock biotechnology, crop-related biotechnology, and natural products. As around 41% of all biotech firms in the country are engaged in agricultural biotechnology, the sector holds a prominence for significant market growth.
The report "Emerging Biotech Sector in Malaysia" divides the Malaysian biotechnology industry in three segments namely, Agricultural biotechnology, Healthcare biotechnology, and Industrial biotechnology. All the three segments have been analyzed in an effective manner, covering all the key aspects and current market trends. The report evaluates market size, sub-segments, recent developments, and emerging opportunities in all the segments.
The report is an outcome of an in-depth research and prudent analysis of the biotech sector in Malaysia, with concrete emphasis upon the reliability and usefulness of data provided and statistics analyzed. The report also describes and investigates sections, such as regulatory climate, industry restraints, market trends & drivers among others. The forecasts presented in the report are based on effective methods and techniques, with a proper projection base. Moreover, the report evaluates the activities and recent developments of key market players and provides their business description.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM234.htm
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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