It isn't emerging. People have been working in biotech for the past 30years. We (Canada) even experienced a "gold rush" in the biotechnology sector in the mid 2000. I studied 4 years in biotechnology and 4 other years in biochemistry.

You'll need at least a master degree because this field is highly competitive for jobs. The salaries are not great, and people unusualy stay in that field for 10y before switching, unless you get a Postdoc and a cushy (not that cushy) academic position.