Biotechnology Market 2023: Analysis by Product Types & Applications; Industry Top Players, Regions & Overview
The global Biotechnology market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Biotechnology industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The global biotechnology market size was USD 1.37 Trillion in 2022 and is expected to register a rapid revenue CAGR of 13.8% during the forecast period. Innovations and advent of novel technologies, increasing medical applications of fermentation technology and increasing Research & Development (R&D) activities in tissue culture and cell engineering are key factors driving market revenue growth.
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