Expert Market Research’s new report titled “Global Recombinant DNA Technology Market Report and Forecast 2022-2027′, gives an in-depth analysis of the global recombinant DNA technology market, assessing the market based on its segments such as applications, manufacturing process, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size forecast (2020): USD 608 billion
- Forecast CAGR (2022-2027): 6.8%
Rising research and development activities for curing or alleviating diseases such as cancer and other immunodeficiency related conditions are driving the recombinant DNA technology market. The success rate of genetically modified human insulin in treating diabetes has spurred the development of several other drugs, which is also fueling the growth of the market. The use of recombinant DNA technology to produce high quality genetically modified crops is also driving the market growth. The application of recombinant DNA technology in agricultural activities has resulted in more profitable production, driving the growth of the market. In addition to its growing adoption in downstream industries, recombinant DNA technology has no negative impact on the environment or human health, which is driving the growth of the market.
Industry definition and major segments
The cost of designing and modifying DNA sequences in a specific order is known as recombinant DNA technology. The modification of genetic material outside of an organism to achieve improved and desired characteristics in living creatures or their products is called recombinant DNA technology. This technology involves inserting DNA fragments from various sources into an appropriate vector with the desired gene sequence. Recombinant DNA is widely used for medicinal, agricultural and industrial purposes, among others.
By Technology, the market is split into:
- Therapeutic agent
- human protein
- Biotech crops
- Specialty chemicals
By component, the industry is classified into:
- Expression system
- Cloning vector
By application, industry is categorized into:
- Food and agriculture
- Health and disease
By end user, the industry is categorized into:
- Biotechnology and pharmaceutical companies
- University and government research institutes
By region, the industry is classified into:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Latest News in Global Recombinant DNA Technology Market @ https://bityl.co/CUgp
RDT (recombinant DNA technology) is essential for improving the quality of care, in particular through the development of new vaccines and pharmaceutical products. This, combined with the advancement of treatment through technological advancements in diagnostic kits, monitoring devices, and new therapeutic approaches, is one of the major drivers for the growth of the market. Additionally, research into Genetically Modified Organisms (GMOs), which include microorganisms believed to be biodegraders and generators of clean fuel, is increasing. Recombinant DNA technology enables the development of a wide range of therapeutic products with immediate benefits in medical genetics and biomedicine, its use is expanding in a number of different industries. For example, in the coming years, the integration of recombinant DNA technology with effective gene therapy to replace defective genes with normal genes, as well as the production of antigen-specific antibodies for research clinical, studies and disease diagnosis, are expected to drive the growth of the market. The global market was dominated by North America. This is due to the presence of a large number of key players in the United States. The high number of clinical trials in this region can be attributed to the availability of advanced technologies and the existence of research institutes working on the development of innovative treatments. Due to increasing infrastructure and facilities to accelerate recombinant DNA technology research in growing economies in the region, Asia-Pacific is expected to have the highest CAGR during the projected period. . The Chinese government has approved numerous research projects involving human embryonic stem cells, encouraging scientists to investigate the potential of recombinant DNA technology. These factors are also expected to drive the market over the forecast period.
Main market players
Major market players are Sanofi, Amgen Inc., Genentech Inc., GenScript, Profacgen, among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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