Blue Biotechnology Market Growing Technology, Trends and Business Opportunities by 2027

The blue biotechnology market is anticipated to grow in the forecast, owing to rising awareness regarding the use of synthetic medicines and growing use of algae to produce drugs. In addition, the increasing in R&D investments made by government bodies as well as private entities for drug discovery is expected to offer significant growth opportunities in the market during the forecast period.

Blue biotechnology refers to the use of marine bio-resources as the source of biological applications. Blue biotechnology is used in various applications such as preservation of marine species, restoration of the aquatic wildlife in its original habitat. This field is also used to develop new medicines as well as conduct genetic study of plants. The increase in commercial applications of blue biotechnology has witnessed growth during the recent years, due to the adaptive nature of marine resources.

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The report analyzes factors affecting blue biotechnology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the blue biotechnology market in these regions.

Emerging Players:

1. Aker BioMarine AS
2. GeoMarine Biotechnologies
3. GlycoMar
4. Marinova Pty Ltd
5. New England Biolabs.
6. Nurture Aqua Technology Pvt. Ltd.
7. PML Applications Ltd
8. Sanosil Biotech
9. Sea Run Holdings, Inc.
10. Shell

The global blue biotechnology market is segmented on the basis product, application and end user. Based on product, the market is segmented as, biopolymers, bulk chemicals, enzymes, pharma products, and other products. The blue biotechnology market is categorized based on application such as, bio-engineering, drug discovery, genomics, vaccine development, and other applications. Similarly, based on end user, the market is categorized such as, biotechnology companies, pharmaceutical companies, hospitals, research institutes & laboratories, and other end users.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global blue biotechnology market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The blue biotechnology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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This release was published on openPR.