Towards Healthcare
U.S. Biotechnology Market Size Booms 12.42% CAGR by 2034

U.S. Biotechnology Market Size, Trends, Growth Drivers and Forecast

According to market projections, the U.S. biotechnology sector is expected to grow from USD 621.8 billion in 2024 to USD 2004.86 billion by 2034, reflecting a CAGR of 12.42%. The rising demand for biotechnology in healthcare is driving the market’s growth.

Introduction

  • Research Objective
  • Scope of the Study
  • Definition and Taxonomy

Research Methodology

  • Research Approach
  • Data Sources
  • Assumptions

Executive Summary

  • Synopsis
  • Analyst Recommendations

Market Overview 

  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Value Chain Analysis
    • Raw Material Sourcing
    • Manufacturing Process
    • Logistics & Transportation
    • Buyer Preferences
  • Trends
    • Market Trends
    • Technological Trends
  • Porter’s Five Forces Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of Substitute
    • Threat of New Entrants
    • Degree of Competition
  • PESTLE Analysis for 5 Leading Countries
    • Regulatory Framework for Leading Countries/Regions
    • Supply Demand Analysis
    • Production & Consumption Statistics
    • Export Import Statistics
    • Price Trend Analysis

U.S. Biotechnology Market Assessment

  • Overview
  • U.S. Biotechnology Market Size Value (US$) and Volume (Billion Tons), by Technology (2021 – 2033)
    • Nanobiotechnology
    • Tissue Engineering and Regeneration
    • DNA Sequencing
    • Cell-based Assays
    • Fermentation
    • PCR Technology
    • Chromatography
    • Others
  • U.S. Biotechnology Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Health
    • Food & Agriculture
    • Natural Resources & Environment
    • Industrial Processing
    • Bioinformatics
    • Others

Company Profiles

  • Johnson & Johnson Services, Inc.
    • Company Overview
    • Geographic Footprints
    • Financial Performance
    • Product Portfolio
    • SWOT Analysis
    • R&D Efforts
    • Recent Developments & Strategic Collaborations
      • Product Launch/M&A/Technical Collaboration
  • Amgen Inc.
  • Pfizer, Inc.
  • Abbott Laboratories
  • Biogen
  • Bristol-Myers Squibb
  • Gilead Sciences, Inc.
  • NVIDIA Healthcare
  • Walgreens

Conclusion & Recommendations

  • Insight Code: 5163
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: April 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology, and healthcare services.

She began her research career at Precedence Research, where she contributed to a wide range of healthcare industry studies, helping build a strong foundation in market intelligence and strategic research. Currently, Deepa plays a critical role at Towards Healthcare, while also extending her research capabilities across Statifacts, supporting cross-industry intelligence initiatives with a focus on healthcare.

Her ability to distill complexity into clarity has made her a trusted contributor to both internal teams and external clients across the healthcare value chain. By combining professionalism with an evolving depth in healthcare research, Deepa consistently adds value to projects that demand critical thinking, market precision, and industry-specific knowledge. Her contributions help organizations navigate the complexities of regulated markets and make data-backed growth decisions.

FAQ's

White or grey biotechnology, dark or black biotechnology, blue biotechnology, red biotechnology, green biotechnology, yellow biotechnology, gold biotechnology, orange biotechnology, violet biotechnology and brown biotechnology.

Food, medicines, clothes, cosmetics, fuel and many such products that are used on a daily basis are developed by biotechnology.

National Human Genome Research Institute, Centers for Disease Control and Prevention, FDA, National Institute of Standards and Technology, Department of Energy, National Institute of Health.