Biopharmaceutical Market: Industry Overview and Forecast 2024-2032

Fri, 11 Apr 2025 07:30:59 +0000

The Biopharmaceutical Market size was valued at USD 370.13 Billion in 2023 and is expected to reach USD 871.92 Billion by 2031, growing at a CAGR of 11.3% over the forecast period 2024–2031. This rapid expansion is fueled by continuous innovations in biotechnology, the increasing prevalence of chronic conditions, and a growing demand for targeted therapies and personalized medicine.