How big is the biotechnology market? The global biotechnology market is a substantial and rapidly growing sector, valued at USD 761.5 billion in 2024, driven by innovations in healthcare, agriculture, and industrial applications. According to IMARC Group, the market is projected to reach USD 1,315.9 billion by 2033, exhibiting a robust compound annual growth rate (CAGR) of 6.27% from 2025 to 2033. This growth reflects advancements in areas like gene therapy, biopharmaceuticals, and sustainable bioproducts, supported by increased investment and technological breakthroughs, positioning biotechnology as a pivotal industry for addressing global challenges over the next decade. Read the full report here: https://www.imarcgroup.com/biotechnology-market