BioTech domain from a Business point of view

What is the first thing that comes to your mind when you hear the word “BioTech”?

Let me guess! Most probably, things that you’ve seen in the news or in the science fiction movies, such as genetically modified organisms, or gene therapy, or in some cases.

In fact, the truth is that BioTech is a much broader science than what the media highlights. Today, I want to talk about the “Business” side of this field :)

A SWOT analysis was done on the “BioTech” domain from a Business point of view, to show you the “Strengths” that empowers this field, its “Weaknesses” that you need to have eyes on, the “Opportunities” that you should invest when thinking in working in this domain, and lastly the “Threats” that you should be aware of. Those are the most important points you need to know:

BioTech Strengths:

1. Innovation in the industry.
2. Easy to use platform.
3. The client can choose among different solutions.
4. All-in-one platform for different features.
5. Unique opportunity for researchers, hospitals, and independent labs.
6. Diversification of clients and not cyclicality of the business operations.

BioTech Weaknesses:

1. Initial brand visibility.
2. Online visibility.
3. Financial power.
4. Initial marketing.
5. New competitor, i.e. low initial trust.

BioTech Opportunities:

1. Market share still available and demand is growing fast, as well as the market size.
2. Expansion of the services and the areas in the short-term, in addition to reaching different kink of business.
3. Possibility of global expansion.
4. Economies of scale in three-five years.

BioTech Threats:

1. Local competition.
2. Different tools could be used.
3. Financial distress.
4. Still not fully online-oriented customer (direct services are more than cloud-based alternatives).

Now? Would you think to invest in this domain? For me, I am confident that this domain has great potential, which seeks to advance more and more in all fields.