The global biotechnology industry is expanding rapidly, and long-term sustained growth is expected. The market is expected to surpass $700 billion by 2025, according to a new report by Grand View Research, Inc. The report describes key factors contributing to the continued market growth, such as the demand for new treatments (for example, personalised medicine), the increasing prevalence of diseases such as various cancers in aging populations, the rise in the demand for food and agricultural products owing to a growing global population (China and India in particular), and an increasingly globalised clinical trials industry.
