Global Biotechnology Market to Reach USD 1,789.53 Billion by 2034 | CAGR 14.10% (2025-2034)

The global biotechnology market was valued at USD 478.50 billion in 2024 and is projected to reach USD 1,789.53 billion by 2034, growing at a robust CAGR of 14.10% during the forecast period. Key drivers include advancements in gene editing, the rise of personalized medicine, and the increasing demand for biologics across healthcare, agriculture, and environmental sectors. With North America leading the charge, followed by rapid growth in Asia Pacific, the biotechnology industry is positioned as a cornerstone of global innovation and health transformation.