- Thread The Bio Revolution -
McKinsey published a 200-pages report on the impact of biotech in May earlier this year and I want to summarize the most important points for you today.
Feel free to reach out and I will send you the whole report.
1) Introduction
Lately, there has been a sharp drop in the cost of sequencing DNA and emerging technologies to edit genes and reprogram cells have helped to increase innovation. Scientists suggest that 60% of physical inputs in the global economy could be produced biologically.
Of this 60%, 1/3 are biological materials and 2/3 aren’t but could be produced or substituted using biology. 45% of the current global disease burden could be addressed using science that is conceivable today. Combining all the use cases that are available today
would make up for an economic impact of up to $4 trillion a year over the next 10-20 years and that doesn’t even include applications that haven’t yet emerged. However, 70% of the potential impact depends on social attitudes towards technologies and regulations of governments.
2) 4 arenas
There are innovations happening in 4 main arenas: biomolecules (mapping, measuring and engineering of molecules), biosystems (engineering of cells), biomachines (interface between biology & machines), biocomputing (use of cells/molecules such as DNA for computation)