Published on 27 May 2024 on Insider Monkey via Yahoo Finance
The Biggest Biotechnology Company in Europe
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Biotechnology and Industry 2023: Market Growth, Transformations, and Technological Milestones
The global biotechnology market was valued at approximately $1.55 trillion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.96% from 2024 to 2030, reaching a staggering $3.88 trillion by 2030. The United States is a world leader in biotechnology, with a market size valued at $246.18 billion in 2023, which is projected to reach $763.82 billion by 2033, growing at a CAGR of 11.90% from 2024 to 2033.