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Recombinant DNA Market Segments, Opportunity, Growth and Forecast By End-use Industry 2017 – 2027
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Recombinant DNA Market: Drivers and Restraint The major driving factors which fuel the growth of the recombinant DNA market are increasing burden of chronic diseases, commercial success of biopharmaceutical, genetically modified crop, bio pesticides, etc. However, Presence of robust biopharmaceuticals pipeline, rising need to improve the recombinant proteins' production capacity by several folds, owing to increase in demand for effective therapeutics for disease treatment. Genetically modified organisms are becoming widely used in agriculture; more than half the U.S. soybean crop now consists of a strain genetically modified, recombinant DNA is one of the fastest and widely adopted agricultural innovations over the past few years. This, in turn, is expected to bolster the adoption of rDNA technology for non-traditional applications. High complexity and huge investment required to establish manufacturing facility for production of recombinant DNA and less adoption of genetically modified crops hamper the growth of recombinant DNA market.
Recombinant DNA Market: Segmentation The global market for Recombinant DNA segmented by product, by component, application, end user, and geography:
Recombinant DNA Market Segmentation By Product Type – Pharmaceutical, (Vaccines, Recombinant protein, Therapeutics agents), Non-Pharmaceutical, (Genetically Modified Crops, Biochemical, Others); By Application – Food & Beverages, Agriculture, Healthcare, Others; By End Use – Biotechnology & pharmaceutical Industry, Biochemical industry, Research Laboratories & Academic Institutes, Others
Recombinant DNA Market: Overview The Recombinant DNA is a disciplinary of biomedical that offers comprehensive detection and visualization of molecular, cellular and genetic level to understand the irregularities, damaged and disorder of cells/organs of living entity. The medical segment shows the highest growth in terms of revenue due use of recombinant DNA in cancer research and treatments as well as some vaccine development. Recombinant DNA Market enables opportunity to expand their wings. Scientist continuous developed innovative recombinant DNA techniques and they also introduce the recombinant DNA product with advance application consistently in the market. The industrial use of recombinant DNA includes the production of enzymes that are used in food, laundry detergent and other various areas which brought a rapid growth of companies. Further, abovementioned factor will boost the recombinant DNA market over the forecast period
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Recombinant DNA Market: Region-wise Outlook Depending on geographic regions, global Recombinant DNA Market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America followed by Europe will continue to dominate the global Recombinant DNA Market in terms of revenue due to presence of an efficient number of biopharmaceutical companies and the regulatory and monitoring authority in the region. High adaptation of genetically modified organism/crops is expected to result in higher demand for Recombinant DNA product over the forecast period. Low-cost production and high consumption of recombinant DNA in Asia Pacific is expected to be the fastest growing region in global Recombinant DNA Market.
Recombinant DNA Market: Key Market Participants Some of the major players stand in Global Recombinant DNA Market are Profacgen, Amgen Inc, GenScript, Novartis AG, Pfizer Inc, F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, Sanofi; Merck & Co., Inc. Biogen, Eli Lilly and Company, Biocon, GlaxoSmithKline plc, New England Biolabs., Cibus, Monsanto Company, Boehringer Ingelheim, Horizon Discovery Group PLC and others. Some Companies are focusing on innovations and advancement in Recombinant DNA to exploit maximum revenue potential in global recombinant DNA market.
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