Industrial biotechnologies. Main market segments
2023
Guzueva Elina | Magomaev Tamirlan | Zakaev Rusambek
The current state of the biotechnology market in Russia is difficult to assess from different points of view. On the one hand, the country is significantly behind compared to the leading countries in this industry in terms of production volumes, level of market development and growth rates. On the other hand, in Russia there is a growing demand for biotechnological products from consumers. This growth is driven by factors such as an increasing population, changing healthcare needs and increased awareness of the benefits of biotechnology solutions. This growing demand represents an opportunity for both Russian and foreign biotechnology companies. However, there are a number of problems, among which are the high dependence on imports of key biotechnological products, as well as the lack of our own innovative products in this area. To strengthen the competitiveness of the biotechnology market and ensure domestic innovative products, measures are needed to stimulate investment in research and development, promote research and educational institutions, create a supportive regulatory environment and develop human capital in this area.
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