Press release
Recombinant DNA (rDNA) Technology Market 2020 By Key Players, Types, Applications, Countries, Market Size, Forecast To 2023 (Based On 2020 COVID-19 Worldwide Spread) | Amgen Inc, Eli Lilly And Company, F. Hoffmann-La Roche Ltd (Genentech, Inc.),
Market Overview-The global recombinant DNA (rDNA) market is projected to grow at a CAGR of approximately 7.2% during the forecast period (2018-2023). The global recombinant DNA (rDNA) market is experiencing considerable growth due to the factors like widespread application of this genetically modified crop development, bio pesticides & biofuel production, and gene therapy, presence of biopharmaceuticals pipeline and production of various therapeutic proteins.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Amgen Inc, Eli Lilly And Company, F. Hoffmann-La Roche Ltd (Genentech, Inc.), Genscript, Merck Kgaa, New England Biolabs, Novartis Ag, Novo Nordisk A/S, Pfizer Inc., And Sanofi
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
Key Market Trends
Increasing Demand as Well as Application of Recombinant/ Genetically Modified Products Boost the Growth of Recombinant DNA (rDNA) Technology Market
Recombinant DNA technology is performing a vital role in improving health conditions by developing new vaccines and pharmaceuticals. The treatment strategies are also improved by developing diagnostics kits, monitoring devices, and new therapeutic approaches. Also many other industries are getting benefit from the Genetically Modified Organism (GMO) research. Such as micro-organisms are being considered as future clean fuel producers and bio degrader. Genetically modified vaccines are developed for curing various diseases in human and plants. The recombinant DNA technology created new opportunities for innovations to produce a wide range of therapeutic products with immediate effect in the medical genetics and biomedicine by modifying microorganisms, animals, and plants to yield medically useful substances.
Risks Pertaining to the Usage of Genetically Modified Food Hindering Recombinant DNA (rDNA) Technology Market
The genes are being transferred occur naturally in other species but there are unknown consequences to altering the natural state of an organism through gene expression. Such alterations can change the organisms metabolism, growth rate and also the response to the external environmental factors. These consequences influence the GMO but also the environment in which the organism is allowed to proliferate. Potential health risks to humans include the possibility of exposure of new allergens in genetically modified foods and also the transfer of antibiotic-resistant genes to gut flora. Thus it all these risks associated with the use of genetically modified food is hindering the growth of the market. Additionally, regulatory, scientific, and ethical challenges associated with gene therapy is also hindering the growth of the Recombinant DNA (rDNA) Market.
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North America has the Largest Share in Global Recombinant DNA (rDNA) Technology Market
The largest share of North America is attributed due to the fact that there is a substantial number of biopharmaceutical manufacturing participants that are headquartered in the USA. Moreover, presence of effective regulatory bodies to monitor the various ethical and scientific concerns pertaining to the use of technology has also driven the growth of the North America region. Also in August 2017, US FDA approved first gene therapy available in the United States which is developed for the treatment of cancer and other serious and life-threatening diseases. The FDA approved Kymriah for patients suffering from patients with a form of acute lymphoblastic leukemia (ALL).
Market Updates-
-Jun 2018: Eli Lilly and Company acquired ARMO BioSciences.
-Aug 2017: FDA approved Kymriah (tisagenlecleucel) for the treatment of advanced B-cell precursor acute lymphoblastic leukemia in patients for certain pediatric and young adult.
Major points covered in this research are:-
─Recombinant DNA (rDNA) Technology Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers
─Global Market Size (Value) of Recombinant DNA (rDNA) Technology (2020-2023)
─Global Recombinant DNA (rDNA) Technology Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)
─Global Recombinant DNA (rDNA) Technology Production, Revenue (Value), Price Trend by Type
─Global Recombinant DNA (rDNA) Technology Market Analysis by Application
─Global Recombinant DNA (rDNA) Technology Manufacturers Profiles/Analysis
─Recombinant DNA (rDNA) Technology Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Recombinant DNA (rDNA) Technology Market Forecast (2020-2023)
─Competitive Landscape
─Research Findings and Conclusion
Finally, this Recombinant DNA (rDNA) Technology report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Recombinant DNA (rDNA) Technology product development and gives an outline of the potential Global market
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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