SEATTLE, July 11, 2022 /PRNewswire/ — According to Consistent market informationthe Global recombinant DNA technology market is estimated at US$145.4 billion in 2022 and should present a CAGR of 7.9% during the forecast period (2022-2030).
Key trends and analysis of the global recombinant DNA technology market:
Increase in research and development activities by major players is expected to drive the market over the forecast period. For example, in June 2021, according to data published by the National Center for Biotechnology Information, hemophilia is a rare disease, treatments for the disorder of hemophilia were previously limited to receiving blood plasma from donors with functional levels of factors coagulation VIII and IX. Advances in DNA technology have led to the production of recombinant factors VIII and IX. Therefore, global data predicts lower utilization of plasma-derived hemophilia treatments in 2022 as developers focus on improving recombinant products and gene therapies.
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Main market takeaways:
The Global recombinant DNA technology market is expected to show a CAGR of 7.9% during the forecast period owing to the increasing adoption of inorganic growth strategies such as deals by major market players. In December 2021Lupine Limited, an Indian multinational pharmaceutical company, has entered into an exclusive distribution and marketing agreement with Biomm SA, a biotechnology company from Brazil. Under the terms of the agreement, Biomm would distribute and commercialize the biosimilar product Pegfilgrastim Lupin’ in Brazil. Biomm SA produces human and porcine insulin using recombinant DNA techniques. Lupine had received Food and DruG Administration (US FDA) acceptance of the Biological License Application (BLA) for its proposed biosimilar to Neulasta (pegfilgrastim). Pegfilgrastim is indicated to reduce the duration of neutropenia and the incidence of febrile neutropenia in patients receiving chemotherapy.
Among the applications, the therapeutic segment holds a dominant position in the recombinant DNA technology market, due to the increasing number of genetically modified products such as recombinant insulin, erythropoietin and new gene therapies to treat various human diseases. For example, in May 2022, according to an article published by the National Center for Biotechnology Information, erythropoietin-stimulating agents (ESAs) are recombinant versions of the European Patent Office (EPO) produced pharmacologically via recombinant DNA technology in cell cultures . Examples of erythropoietin stimulating agents include epoetin alpha, darbepoetin and methoxy polyethylene glycol-epoetin beta.
Key players operating in the global Recombinant DNA Technology market include Thermo Fisher Scientific, Inc., Biogen, Inc., Sanofi Pasteur, Merck & Co., Inc., Pfizer, Inc., Profacgen, Amgen, Inc. and Monsanto Company.
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Global Recombinant DNA Technology Market, By Product Type:
Global Recombinant DNA Technology Market, By Application:
Global Recombinant DNA Technology Market, By Region:
Middle East & Africa
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