Published on 11 Mar 2024 on Insider Monkey via Yahoo Finance
20 Highest Paying Countries for Biotechnology
In this article, we will look at the 20 highest-paying countries for biotechnology. We have also discussed the global biotechnology market along with key trends and players. If you want to skip our detailed analysis, head straight to the 5 Highest Paying Countries for Biotechnology.
The Global Biotechnology Market
The global biotechnology market exhibited major growth, with a valuation of $1.38 trillion in 2023, projected to increase to approximately $4.25 trillion by 2033. This expansion is anticipated to maintain a compound annual growth rate (CAGR) of 11.8% from 2024 to 2033. Notably, North America dominated the market in 2023, holding a major revenue share of 37.79%, while Asia Pacific followed closely behind with a share of 23.99%.