In 2024, the global economy, affected by factors such as easing inflation, interest rate adjustments, rising geopolitical risks, and the robust AI supply chain, showed resilience overall, though growth slowed. The IMF projected a global economic growth rate of 3.3% in 2024. On the other hand, according to a report by Polaris Market Research, factors such as population aging, the increase in chronic diseases, advances in personalized medicine and gene therapy, the demand for sustainable development of food and natural resources, government policy support for diverse technologies, greater corporate investment, and improvements in healthcare infrastructure have all contributed to industry growth. The global biotechnology market size was approximately USD 1.6 trillion in 2024 and is projected to reach USD 2.7 trillion by 2028, with a compound annual growth rate (CAGR) of about 13.6% during the period from 2024 to 2028.
I、Definition and Scope of the Industry
II、Global Key Issues in the Applied Biotechnology Industry
III、Observation of the Applied Biotechnology Industry Environment
IV、Future Outlook
Figure 1 Applied Biotechnology Industry and Products/Services in Taiwan
Figure 2 The 2020-2024 changes in the production value of the applied biotechnology industry in Taiwan
Figure 3 The 2024 production value and growth rate of sub-sectors in the applied biotechnology industry in Taiwan
Figure 4 Predicted future performance of sub-sectors of the applied biotechnology industry in Taiwan