Biotechnology Market - Forecast (2021 - 2026)
The Biotechnology Market is estimated to reach revenue of $610.92bn by 2025 from $430.92bn from 2018, growing at a CAGR of 9.50% during the forecast period 2019-2025. The growth of the Biotechnology market is owed to the rising demand for horticulture products like wheat, beans etc. Rising innovations of artificial intelligence in the biotechnology industry is making a significant breakthrough in the technological field as a pipeline of products are undergoing technological enhancement within minimum time frame. The report covers Biotechnology Market size by type and applications, Biotechnology Market share by top 5 companies and also the market share by start-ups during the forecast period. Key Takeaways Biotechnology involves application of molecular biology and cellular process to develop technologies and products and resolve the biological constraints prevailed in the market. Biomedical Engineering and Biotechnology are closely related where biotechnology deals with the life scien...