Biopharmaceutical Market Trends, Forecast, and Growth The global biopharmaceutical market size was valued at USD 450.89 billion in 2024 and is estimated to grow from USD 487.99 billion in 2025 to reach USD 918.75 billion by 2033, growing at a CAGR of 8.23% during the forecast period (2025–2033). as reported by Straits Research. This trajectory...

Drugs and treatments used to cure, prevent, or manage illnesses and medical problems are developed, produced, and sold as part of the pharmaceutical market. Vaccines, biologics, over-the-counter (OTC) medications, and prescription medications are all included. Innovation, aging populations, and the rise in chronic illnesses are driving the business, which is heavily regulated to guarantee...