Biotechnology and bioengineering are sciences that can change how basic industries such as agriculture are carried out throughout the world and do so in the most dramatic way. It is possible to create new strains of crops which will have far higher average yields due to increased resistance against disease and even against naturally occurring weather conditions. the science of biotechnology is at the stage where it is turning theories into realities, and this can lead to major benefits for the entire population of the world.
There is a natural progression observed in the growth of industries and new technologies throughout history. These industries have inevitably taken time to reach the point they are at today. The new development will start extremely slowly, with only a handful of visionaries can carry out experiments that will take the science forward. When the first successful advances are made, momentum begins to pick up. It is at the point when the science can be applied commercially that it begins to take off, as financial backers will now see the chance of a significant profit over time.
This stage has already been passed with the use of biotechnology in agriculture. There are crops produced to allow food to remain fresher for a longer period and crops that are resistant to disease. This greatly affects the consumption of staple food items such as rice and bread. In Africa, for instance, there is regular wastage of the rice crop and significant danger of famine which biotechnology can eliminate. Large quantities of bread are thrown away in the West when they become inedible, and the technology for growing longer-lasting bread is already here.
Biotechnology and bioengineering in pharmaceutical development are not so well advanced, but the potential for future profit is assured. Many drugs are needed in huge quantities to satisfy people who need to use them regularly, and drug production can be increased through biotechnology. A classic case is an insulin, which can be produced from various sources and easily absorbed by the body in any case. It is possible to produce far higher quantities of insulin at a cheaper price using biotechnology, and the benefit to diabetics worldwide will be enormous.
It is to be admitted that there are controversial aspects to bioengineering, especially because many intelligent people are concerned about the potential misuse of the technology. We have now passed the point where it is possible to clone an animal from a pre-existing specimen, which inevitably brings us to whether human beings may one day be cloned. There are horrifying implications to this possibility. However, clone replacement limbs or organs for a human being could be a highly positive step and could eliminate unnecessary transplants.
Whatever the future of biotechnology and bioengineering maybe, they will certainly play a significant role in the economic development of the West for many years to come. There are many difficult problems within our society that the use of these technologies can potentially solve. It can happen in a way that will have knock-on benefits throughout the entire world. If you are looking for a sector in which to invest your money with an excellent chance of high reward, this is a sector to closely examine. As long as you cover your risk with investments that have greater safety, you can benefit from investing in biotechnology and bioengineering.