to
reach USD 2.44 trillion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 15.83% from 2021 to 2028. The factors driving the market include favorable government policies, the launch of new and advanced products, robust investment in the biotechnology sector, and rising demand for synthetic biology.
Key suggestions from the report:
The health application segment accounted for the largest share of 48.64% in 2020 owing to the COVID-19 impact, prevalence of diseases, increasing focus on the development of regenerative medicines, and improving healthcare infrastructure
The DNA sequencing technology segment held the second-largest share in 2020 owing to its growing penetration in the development of precision medicines
Biotechnology Market Size Worth $2 44 Trillion By 2028 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.