The global biotechnology market, valued at USD 1.37 trillion in 2022, is projected to grow at a CAGR of 13.8% driven by technological advancements, increased R&D, and demand for innovative applications in healthcare and agriculture. Key technologies include 3D bioprinting, genomic analysis, fermentation, nanotechnology, and bioinformatics. Major players include AstraZeneca, Gilead Sciences, Novo Nordisk, Abbott Laboratories, Amgen, Thermo Fisher Scientific, Merck KgaA, Johnson & Johnson, Novartis, Hoffmann-La Roche, Pfizer, and Moderna. Challenges include high costs, regulatory constraints, and ethical considerations.