What is the outlook for the biotechnology industry? The outlook for the biotechnology industry is one of cautious optimism, with promising growth on the horizon as it continues to address pressing global challenges in health, agriculture, and sustainability. In 2024, the global biotech market was valued at USD 761.5 billion, and it is expected to expand to USD 1,315.9 billion by 2033, driven by a robust compound annual growth rate (CAGR) of approximately 6.27% from 2025 to 2033. This positive trajectory reflects advancements in fields like gene therapy, biopharmaceuticals, and bio-based materials, supported by increased funding and technological innovation. Despite potential hurdles such as regulatory complexities and economic fluctuations, the industry’s steady progress signals a resilient and transformative future through the next decade. Read the full report here: https://www.imarcgroup.com/biotechnology-market #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketanalysis #marketgrowth #imarcgroup