According to the latest report by IMARC Group, titled “Biotechnology Market Research: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global biotechnology market size reached US$ 665.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,033.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028. Biotechnology involves utilizing biological processes and living organisms to modify various products and services for specific applications. It can be categorized into several types in terms of technology, including nanobiotechnology, tissue engineering and regeneration, DNA Sequencing, cell-based assays, fermentation, PCR technology, chromatography, etc. Biotechnology-based…