Japan Biotechnology Market Size, Share | Insights Forecasts to 2030

The Japan Biotechnology Market Size was valued at USD 44.1 billion in 2021 and is expected to grow at a CAGR OF 6.7% from during the forecast period (2022-2030). One of the globe's largest biotechnology markets, Japan places a high priority on research and development. The Japanese government has aggressively encouraged the growth of the biotechnology sector through several initiatives, such as tax breaks and financing for R&D.