The global biotechnology market size reached US$ 714.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,277.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.53% during 2024-2032. The increasing research and development (R&D) in personalized medicine, numerous advancements in genetic engineering, and escalating demand for sustainable agriculture are some of the major factors propelling the market.
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