The global biotechnology industry’s expansion continues at a rapid pace. In 2023, respected market intelligence firmGrand View Researchvalued the global biotech market at USD 1.55 trillion. In 2024, the biotech market is projected to grow to USD 1.76 trillion before reaching a 2030 valuation of USD 3.88 trillion. For reference, the 2024 to 2030 period is expected to display a 13.96% Compound Annual Growth Rate (or CAGR).
The United States biotech industry will play a key role in these global expansion predictions. In fact, United States biotech firms collectively comprise a major portion of the global market. That said, the U.S. biotech landscape continues to undergo a foundational realignment that will affect every biotech industry company.
Read the full article here: https://washingtonindependent.org/dr-leen-kawas-biotech-industry-strategic-recommendations-2025/
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