Press release
Recombinant DNA Technology Market 2022: Global Trends, Size, Segments And Revenue Growth Forecast Till 2027
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North America to Emerge as Leading Region; Strategic Collaborations are Key Growth Drivers
The report provides segmentation of the global recombinant NA technology market based on several aspects such as product, component type, application, end users, and regional demographics. Based on regional demographics, the report highlights some of the leading regions that have made their name heard in the global recombinant DNA technology market in recent years. Among all regions, Fortune Business Insights expects North America to emerge dominant in the coming years.
Growing investment in research and development of recombinant DNA technology, combined with increasing number of company collaborations will aid the growth of the recombinant DNA technology market in the coming years.
The recombinant DNA technology involves the process of combining molecules of two different species that are used to produce a new genetic combination. The applications of recombinant DNA technology across diversified domains have led to an increased global adoption across the world.
Key Segmentation of Recombinant DNA Technology Market:
By Product
Vaccines
Therapeutic Agents
Recombinant Protein
By Component
Vectors
Expression System
By Application
Diagnostics
Therapeutic
Food and Agriculture
By End User
Biotechnology and Pharmaceutical Companies
Diagnostic Laboratories
Academic and Government Research Institutes
Other
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Some of the Main Key Players Covered in the Report
Novartis AG
Thermo Fisher Scientific Inc.
Sanofi Pasteur Limited
Merck KGaA, Genentech Inc.
GlaxoSmithKline plc.
Eli Lilly and Company
Pfizer Inc.
Janssen Pharmaceuticals Inc.
In addition to widespread applications, recent scientific advancements have contributed to the growing demand for recombinant DNA technology across the world. Backed by exceptional product advancements, recombinant DNA technology established dominance in the field of medicine and healthcare. The ability to develop radioactive probes has aided the recombinant DNA industry, owing to its ability to diagnose several diseases.
Besides healthcare, recombinant DNA finds applications in agriculture and farming. The recombinant DNA technology is being developed to produce genetically modified crops. The report highlights a few of the applications of the recombinant DNA technology and gauges the impact of these technologies on the global market.
Backed by Successful Clinical Trials, Recombinant DNA Will Derive Several Usage Approvals
The exceptional properties possessed by recombinant DNA technology have led to a huge demand across the world. The growing demand for recombinant DNA technology is matched by the huge emphasis on the research and development of newer technologies. Growing emphasis on research and development has yielded several successful clinical trials, which in turn has brought about numerous usage approvals from regulatory authorities.
In August 2017, the United States Food and Drug Administration announced that it has passed approval for the ‘Kymriah’, a recombinant DNA technology aimed at the treatment of acute lymphoblastic leukemia in young as well as adult patients. The FDA went on to state that this would bee the first ever gene therapy treatment method which was approved in the United States.
Fortune Business Insights has predicted this was a major breakthrough in the recombinant DNA industry and states that this will be a step forward for the global recombinant DNA market. The report includes several usage approvals and gauges the impact of major activities on the growth of the global recombinant DNA technology market.
Fortune Business Insights profiles some of the leading companies that are operating in the global recombinant DNA technology market. A few of the prominent market companies include Novartis AG, Thermo Fisher Scientific Inc., Sanofi Pasteur Limited, Merck KGaA, Genentech Inc., GlaxoSmithKline plc., Eli Lilly and Company, Pfizer Inc., and Janssen Pharmaceuticals Inc.
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