Straits Research: The Gold Standard in Biotechnology Market Forecasting
Biotechnology Market Trends, Forecast, and Growth The global biotechnology market size was valued at USD 960.73 Billion in 2024 and is expected to grow from USD 1102.91 Billion in 2025 to reach USD 3327.18 Billion by 2033, exhibiting a CAGR of 14.8% during the forecast period (2025–2033). As reported by Straits Research . This trajectory reflects the market’s expanding potential, offering strategic opportunities for businesses, investors, and startups worldwide. The surge is fueled by rapid innovation in genomic research , biopharmaceuticals , and personalized medicine particularly in cancer therapies and rare disease treatments. Key Market Trends Rise of Precision Medicine : Increasing demand for targeted therapies based on individual genetic profiles is transforming healthcare outcomes and boosting biotech investments. Expansion of CRISPR and Gene Editing : Advanced genetic engineering tools are unlocking new possibilities in disease t...