
Biotechnology represents the application of biological organisms and processes to develop new products and technologies. The field emerged from fundamental discoveries in genetics and microbiology during the twentieth century, transforming medicine, agriculture, and industrial manufacturing.
By 2024, the biotechnology sector generates over $500 billion annually in global revenue. Insulin production through genetically modified bacteria, developed in 1978 at Genentech in San Francisco, demonstrated biotechnology's medical potential. Gene therapy trials at the University of Pennsylvania in 1990 marked the first human genetic treatment. CRISPR gene-editing technology, refined by Jennifer Doudna at UC Berkeley and Emmanuelle Charpentier in Berlin after 2012, offers unprecedented precision in treating genetic diseases.
```Reference: