2024 Taiwan Industrial Outlook—Applied Biotechnology Industry

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摘要
A report by Polaris Market Research estimates that the global biotechnology market was valued at approximately US$ 1.5 trillion in 2023, which is expected to reach US$ 2.4 trillion by 2027 with a projected Compound Annual Growth Rate (CAGR) of approximately 13.4% from 2023 to 2027. North America continues to maintain its leading position in the global biotechnology market. This is mainly due to the US government's policy support for the R&D of diversified technology, substantial healthcare and medical expenditures, the rapid development of -omics, cell and gene therapy technology platforms for emerging biotechnologies, the increasing prevalence of chronic diseases, and expanding applications of personalized medicine. The Asia-Pacific region has become the fastest-growing market for the biotechnology industry due to the local government policy support, increased investment by biotech companies in the region, and the gradual completion of the region's healthcare-related infrastructure. The market size in the Asia-Pacific region is expected to continue growing in the future.


內文標題/圖標題
I、Definition and Scope of the Industry
II、Observation of the Applied Biotechnology Industry Environment
III、Developmental Opportunities and Suggestions for the Applied Biotechnology Industry

Figure 1 Applied Biotechnology Industry and Products/ Services in Taiwan
Figure 2 The 2019 - 2023 changes in the production value of the applied biotechnology industry in Taiwan
Figure 3 The 2023 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


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