# Market Context

Echo sits within the accelerating convergence of:

* Biotech research growth
* AI-accelerated scientific innovation
* Advanced automation and robotics

The global market is shifting from manual experimentation toward data-intensive, AI-guided scientific systems. Echo provides the intelligence layer required to support this transformation.

* Digital Health Market: $288.6 B (2024) → $946 B (2030), ≈ 22 % CAGR¹\
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* Healthcare IT & Biomanufacturing: $663 B (2023) → $1.83 T (2030), ≈ 15.8 % CAGR²\
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* Global Biotech R\&D Spending: \~$350 B in 2024, growing \~12 % annually³\
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Echo addresses the intersection of these markets—serving as the data, compliance, and coordination layer for the health-technology economy.
