Biomedical Engineering Reference
In-Depth Information
it offers. The potential contribution to be made by the appropriate use of biotech-
nology to environmental and economic sustainability would seem to be clear.
The upshot of this is that few biotech companies in the environmental sector
perceive problems for their own business development models, principally as a
result of the wide range of businesses for which their services are applicable,
the relatively low market penetration to date and the large potential for growth.
Competition within the sector is not seen as a major issue either, since the field
is still largely open and unsaturated. Moreover, there has been a discernible
tendency in recent years towards niche specificity, with companies operating in
more specialised subarenas within the environmental biotechnology umbrella.
Given the number and diversity of such possible slots, coupled with the fact that
new opportunities, and the technologies to capitalise on them, are developing
apace, this trend seems likely to continue. It is not without some irony that
companies basing their commercial activities on biological organisms should
themselves come to behave in such a Darwinian fashion. However, the picture
is not entirely rosy.
Typically the sector comprises a number of relatively small, specialist com-
panies and the market is, as a consequence, inevitably fragmented. Often the
complexities of individual projects make the application of 'standard' off-the-
shelf approaches very difficult, the upshot being that much of what is done must
be significantly customised. While this, of course, is a strength and of great
potential environmental benefit, it also has hard commercial implications which
must be taken into account. A sizeable proportion of companies active in this
sphere, have no products or services which might reasonably be termed suit-
able for generalised use, though they may have enough expertise, experience or
sufficiently perfected techniques to deal with a large number of possible sce-
narios. The fact remains that one of the major barriers to the wider uptake of
biological approaches is the high perceived cost of these applications. Part of
the reason for this lies in historical experience. For many years, the solutions to
all environmental problems were seen as expensive and for many, particularly
those unfamiliar with the multiplicity of varied technologies available, this has
remained the prevalent view. Generally, there is often a lack of financial resource
allocation available for this kind of work and biotech providers have sometimes
come under pressure to reduce the prices for their services as a result. Greater
awareness of the benefits of biotechnology, both as a means to boost existing
markets and for the opening up of new ones, is an important area to be addressed.
Many providers, particularly in the UK, have cited a lack of marketing expertise
as one of the principal barriers to their exploitation of novel opportunities. In
addition, a lack of technical understanding of biotech approaches amongst tar-
get industries and, in some cases, downright scepticism regarding their efficacy,
can also prove problematic. Good education, in the widest sense, of customers
and potential users of biological solutions will be one major factor in any future
upswing in the acceptance and utilisation of these technologies.
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