Biotechnology is emerging as a critical industry in the 21st century, with projections indicating its market value will grow from USD 1.38 trillion in 2025 to USD 4.33 trillion by 2034. The Asia-Pacific region, particularly the Middle East and Africa, is expected to see significant growth, with the latter’s market increasing from USD 51.5 billion in 2025 to USD 125.9 billion by 2034. Gulf nations are advancing their biotech capabilities through various strategic initiatives, while Qatar is focusing on building a comprehensive biotechnology ecosystem aligned with its National Vision 2030. Significant advancements in precision medicine and genomics are positioning Qatar as a leader in these fields, bolstering both research and international collaborations. Overall, as nations invest in biotechnology, they enhance their economic resilience and competitiveness on a global scale.
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Link to original article source: https://eu.36kr.com/en/p/3930157828373639
