Biotechnology Market Landscape: Innovations, Growth Drivers, and Strategic Opportunities
The biotechnology market stands at a pivotal juncture, characterized by unprecedented innovation and expanding applications across healthcare, agriculture, and industrial sectors. In 2024, the global biotechnology market was valued at approximately $18.7 billion and is projected to reach $61.8 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 14.5%.
The convergence of artificial intelligence with biotechnology has dramatically accelerated research capabilities, enabling more precise drug discovery pathways and reducing development timelines from years to months.
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