Sales of U.S. biotechnology products are expected to reach nearly $26 billion dollars according to the research firm, Consulting Resources Corp. (Lexington, Mass.). Human therapeutics will continue to account for nearly 74% of total sales, with human diagnostics contributing another 13 percent, according to the analysts. Agriculture, specialties and non-medical diagnostic applications should make up the rest.
U.S. Biotechnology Product Sales Forecast (millions of dollars)
Applications 2003 2004 Growth(%/yr)
Human therapeutics 16800 19100 14
Human diagnostics 3100 3370 9
Agriculture 1600 1840 15
Specialties 800 900 14
Non-medical diagnostics 400 460 15
TOTAL 22700 25680 13
