In 2023, the wages and salaries of Biotechnology Research and Experimental Development in Italy stood at 123.9 million euros, reflecting a consistent upward trend from 2013. Over the last two years, the year-on-year variations have been 4.39% and 4.21%, indicating a moderate but steady increase. Analyzing the past five years, the Compound Annual Growth Rate (CAGR) is 4.44%, showcasing a stable growth trajectory in the industry.
Looking ahead to the forecasted years from 2024 to 2028, the industry is projected to continue growing, albeit at a slower pace, with a forecasted CAGR of 2.89%. By 2028, wages and salaries are expected to reach 148.6 million euros, accounting for a 15.28% increase over the next five years.
In the future, trends to watch for include advancements in biotechnology, potential policy changes affecting research funding, and the impact of global health challenges, which could influence the growth rate and overall landscape of the industry.