Bio Revolution
The Bio Revolution is a powerful new wave of innovation that is expected to transform business and society. New McKinsey Global Institute research found that more than half of the potential direct economic impact from biological technologies is outside of healthcare, notably in agriculture and food, materials and energy, and consumer products and services. For this research, a library of about 400 use cases was compiled. Over the next ten to 20 years these applications alone could have direct economic impact of between $2 trillion and $4 trillion globally per year.