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Global Recombinant DNA Technology Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Include Profacgen, Amgen Inc., Novartis AG, GenScript, Pfizer Inc
Recombinant DNA Technology Market
Recombinant DNA Technology Market Size, Growth Rate, And Forecast
The global recombinant DNA technology market size is expected to grow from $754.97 billion in 2022 to $811.89 billion in 2023 at a compound annual growth rate (CAGR) of 7.54%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The recombinant DNA technology market size is expected to reach $1,069.51 billion in 2027 at a CAGR of 7.13%.
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Recombinant DNA Technology Market Drivers
The increasing number of chronic diseases is expected to propel the growth of the recombinant DNA technology market. Chronic diseases, which are defined as ailments that last for a year or longer, necessitate continuing medical care, restrict everyday activities, or both. Recombinant DNA technology has improved healthcare by creating biopharmaceuticals proteins used in pharmaceuticals and by replacing defective genes with healthy ones through gene therapy, aiming to cure illness.
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Recombinant DNA Technology Market Segments
• By Type: Product Type: Recombinant Protein Drugs, Vaccines, Genetically Modified Crops, Expression Systems, Cell and Gene Therapy, Gene Editing
• By Component Type: Expression System, Cloning Vector
• By Application Type: Food And Agriculture, Health And Disease, Environment, Other Application Types
• By End-Use Type: Biotechnology And Pharmaceutical Companies, Academic And Government Research Institutes, Other End-Use Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Recombinant DNA Technology market.
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Recombinant DNA Technology Market Key Players
Major competitors in the Recombinant DNA Technology market include Profacgen, Amgen Inc., Novartis AG, GenScript, Pfizer Inc., Novo Nordisk A/S, Eli Lilly and Company, Sanofi, Merck & Co. Inc., Biogen, GlaxoSmithKline PLC., New England Biolab
The Business Research Company's "Global Recombinant DNA Technology Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Recombinant DNA Technology Market Include:
1. Executive Summary
2. Recombinant DNA Technology Market Characteristics
3. Recombinant DNA Technology Market Trends And Strategies
4. Recombinant DNA Technology Market - Macro Economic Scenario
5. Recombinant DNA Technology Market Size And Growth
…….
28. Key Mergers And Acquisitions In The Recombinant DNA Technology Market
29. Recombinant DNA Technology Market Future Outlook and Potential Analysis
30. Appendix
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