Interest in the biotech industry grew significantly during the COVID-19 pandemic as several companies in this space helped the world fight against the virus by developing vaccines and antivirals in record time.
Biotech companies are creating new, more straightforward ways to treat various diseases. An aging population, rising healthcare spending, and breakthrough developments should drive the industry’s growth. The global biotechnology market is expected to grow at a CAGR of 17.8% to $3.44 trillion by 2030.
