[CLSTR]
< Back to all clusters
[BUSINESS] · 2 sources

started · updated

Part of situation: Global biotechnology and pharmaceutical market growth (2 clusters)

Biotechnology and medical device markets projected to grow through 2034

biotechnology market precision medicine pharmaceutical R&D medical device industry genomics

The global biotechnology and medical technology sectors are experiencing significant growth driven by advancements in precision medicine, genomics, and targeted therapeutics.

Key market segments include:

• Genotyping Assays: Projected to grow from USD 19.4 billion in 2024 to USD 37.1 billion by 2029, fueled by DNA sequencing advancements and the rising prevalence of genetic disorders.

• Bioconjugation: Expected to reach USD 10.86 billion by 2029, supported by the development of antibody-drug conjugates (ADCs) and increased pharmaceutical R&D.

• C-arms: The market is forecasted to grow from USD 2.22 billion in 2026 to USD 3.19 billion by 2034, driven by rising disease prevalence and healthcare innovation.

• Peptide Synthesis: Anticipated to expand from USD 0.98 billion in 2026 to USD 1.54 billion by 2031, spurred by the demand for metabolic peptides like GLP-1 and oncology therapies.

Entities

Thermo Fisher Scientific, Inc.

Sources

In Vitro Toxicology Testing Market Size, Growth & Regional Outlook [www.marketsandmarketsblog.com]
Interventional Cardiology Devices Market Share, Growth Forecast, 2034 | evere [evere.co]