Blue Biotechnology Market Rise with Magnifying Growth Rate of 10.2% CAGR | Forecast by 2023

The Blue Biotechnology Market is expected to grow at a CAGR of approximately 10.2% during the forecast period of 2017-2023. Actually Blue biotechnology provides numerous advantages like use of marine organisms in the field of biotechnology by modifying their genome, and diagnosis of diseases through microbial testing which contributes to the growth of this market. Drug discovery represents one of the most promising and highly visible outcomes of blue biotechnology. Biochemical compounds that are produced by marine invertebrates, algae and bacteria, are very different than those from related terrestrial organisms and thus offer great potential as new classes of medicines. Some of the examples of marine-derived drugs include an antibiotic from a fungi, two closely related compounds extracted from a sponge that can be used to treat cancer and the herpes virus, and a neurotoxin from a snail that has a kind of painkiller properties which makes it 10,000 times more potent than morphine without having any side effects to the patient. Moreover, there are several more marine-derived compounds currently in clinical trials and it is likely that many more of such will advance to the clinic as more scientists are looking to the ocean for these biotechnological uses.

Get Sample Copy of This Report @ https://www.marketresearchfuture.com/sample_request/713 .

According to a recent study published by the Market Research Future analysts, the Global Blue Biotechnology Market is growing at a double digit growth rate; mainly due to increasing demand of marine biotechnology products, increasing application of marine biotechnology in healthcare and extensive research and development activities. Research into pharmacological properties of marine products has led to the discovery of compounds considered worthy of clinical applications. There are great potential in bio prospecting from the sea and marine natural products research has just started to flourish.

Global Blue Biotechnology Market - Regional Analysis

America is the largest market due to an increase in demand of blue biotechnology products, awareness regarding applications of blue biotechnology in vaccine development and presence of large number of biotechnology companies engaged in research and development activities in blue biotechnology. Europe is the second largest market owing to an increase in the demand of marine biotechnology products. Asia Pacific shows a steady growth of this market as blue biotechnology is not much applied in various fields. Middle East & Africa does not present much of opportunities for the growth of the Blue Biotechnology Market at the moment and contributes least in the Global blue biotechnology market.

Global Blue Biotechnology Market - Key Players

Aker BioMarine (Norway), Marinova (Australia), New England Biolabs (U.S), PML Applications Ltd. (U.K), Sea Run Holdings, Inc.(U.S), PICES (Canada), Donald Danforth Plant Science Center (U.S), Shell Marine Products (U.S), GeoMarine Biotechnologies (India), GlycoMar (Scotland), Cellgen Biologicals Pvt Ltd. (India), Nurture Aqua Technology Pvt. Ltd. (India), Samudra Biopharma Pvt.Ltd (India) andSanosil Biotech (India)

Get Prime Discount on This Premium Report @ https://www.marketresearchfuture.com/check-discount/713 .

Global Blue Biotechnology Market - Competitive Analysis

The market for blue biotechnology is continuously growing market with number of companies operating in this market. There are large number of companies involved in the development of the products including the extracts, drug compounds, molecules among others. Blue Biotechnology Market is becoming huge with increasing demand for the marine based products. There have been few success stories in the Blue Biotechnology Market space.

In October 2008, Martin Chalfie, Osamu Shimomura, and Roger Y. Tsien were awarded the Nobel Prize in chemistry for their discovery and development of the green fluorescent protein. The GFP and the luciferase enzyme from Vibrio fischeri have widespread uses in molecular biology as a reporter protein. Later the applications of GFP in neuroscience unfolded.

Moreover, there are few developments from companies involved in the business of marine biotech.

In May 2017, Marinova’s fucoidan extracts from the seaweed species Undaria pinnatifida and Fucus vesiculosus have attained GRAS (Generally Recognized As Safe) status with the US Food and Drug Administration (FDA). These Maritech ingredients are the first and only high purity fucoidan extracts to achieve FDA notified GRAS status.

The company oceanBASIS cultivates the sugarkelp Saccharina latissima in an integrative sustainable aquaculture facility in the Kiel Fjord. The company is specialised in extracting natural substances from marine organisms and developes natural products for health and beauty such as cosmetics.

Key Questions Answered In This Report:

What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?


Some Topics From Table Of Content

Chapter 1. Report Prologue

Chapter 2. Introduction

2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation

Chapter 3. Research Methodology

3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

Chapter 4. Market Dynamics

4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Threats
4.5 Macroeconomic Indicators

Chapter 5. Market Factor Analysis

5.1 Value Chain Analysis
5.2 Porters Five Forces

TOC Continued…

Do You Have Query? Just Ask To Our Experts: https://www.marketresearchfuture.com/enquiry/713 .

The report for the Global Blue Biotechnology Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for Global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Us:

Market Research Future Office No. 528,

Amanora Chambers Magarpatta Road,

Hadapsar, Pune – 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

This release was published on openPR.