Recombinant DNA technology Market Explore Future Growth 2017-2025 by Global Top Players - Thermo Fisher Scientific, Inc., Biogen, Inc., Sanofi Pasteur, Merck & Co., Inc., Pfizer, Inc., Profacgen, Amgen, Inc., and Monsanto Company

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Recombinant DNA technology has multidisciplinary applications which deals with important aspects of life such as health improvement and food enrichment. Various novel recombinant products have been approved by the regulatory agencies favoring the rapid launch and availability of innovative therapeutics, thus bolstering the market growth. Recombinant DNA technology has played a vital role in improving health conditions for patients diagnosed with asthma, hemophilia, and cancer by developing new vaccines and pharmaceuticals. Moreover, the application of this technology in the field of gene therapy has advanced the therapeutic potential targeting the life threatening diseases.
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The global recombinant DNA technology market is expected to exhibit a CAGR of 7.9% over the forecast period, owing to the robust presence of pipeline products, major research activities undertaken for the novel gene editing systems such as CRISPR and its higher potential in disease treatment.

Among product type, recombinant therapeutic proteins segment holds a dominant position in the recombinant DNA technology market, owing to the vast category of products available for treating various indications such as diabetes, cancer, hemophilia, and asthma.

Among application, therapeutics segment holds a dominant position in the recombinant DNA technology market, owing to rising number of genetically engineered products such as recombinant insulin, erythropoietin, and novel gene therapies to treat various human diseases.

Some of the major players operating in the global recombinant DNA technology market are Thermo Fisher Scientific, Inc., Biogen, Inc., Sanofi Pasteur, Merck & Co., Inc., Pfizer, Inc., Profacgen, Amgen, Inc., and Monsanto Company.
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