Biotechnology Market| Analysis, Recent Trends, and Regional Growth Forecast by 2028
Biotechnology Market The Biotechnology Market is undergoing extensive analysis to understand its dynamics, recent trends, and projected regional growth by 2028. Biotechnology is a rapidly evolving field that harnesses biological processes, organisms, or systems to develop innovative products and solutions across various industries, including pharmaceuticals, agriculture, food and beverages, and environmental sciences. Recent trends in the biotechnology for market indicate a strong focus on personalized medicine, gene editing technologies like CRISPR-Cas9, and advancements in biopharmaceuticals. The increasing adoption of genetic testing and gene therapies has revolutionized healthcare, enabling targeted treatments and better patient outcomes. The projected value of the global Biotechnology Market is US$ 820.4 billion in 2023, and it is anticipated to grow at a CAGR of 12.3% from 2023 to 2030. The market is witnessing a surge in research and development activities, driven by the deman...