Overview
The breakthroughs in genetic research have opened up new avenues for the development of recombinant DNA is presently used in the biotechnology industry to Market reports connected with the healthcare industry have been made accessible by Market Research Future who publishes reports on other sectors that have been recently put out along with a report on this industry. The market is proposed to expand at a CAGR of approximately 6.9 percent over the forecast period.
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As the domain of genetics had been relatively unchartered due to lack of proper expertise and technology, the presence of these factors in abundance currently is fostering optimistic market growth. Development of topnotch research laboratories worldwide is adding impetus to the progress of the market. Rising focus on function, gene structure, expression pattern, and regulation are forecasted to add to the market expansion over the forecast period beneficially.
Regional Analysis
The Americas has the largest share in the global recombinant DNA technology market due to the effective regulation of the registration of recombinant therapeutic products and other genetically modified (GM) products. Presence of some leading key players operating in this sector contributes to the growth of the recombinant DNA technology market in the region.
In addition, there is a growing need to improve recombinant protein production capacity several times in Europe. Growing demand for effective treatments for disease treatment and technological progress in this sector should lead to the growth of the European market for recombinant DNA technology.
The Asia Pacific region is expected to become the fastest-growing regional market for the global recombinant DNA technology market. Raising awareness about the growth of genetic diseases and disorders, developing health infrastructure, increasing healthcare spending, strengthening government initiatives to improve public health, and progress in the medical field stimulates market growth.
The Middle East and Africa are is said to witness limited growth due to declining demand for genetic testing. The Middle East is experiencing significant growth compared to the African recombinant DNA technology market due to growing population, innovations in genetic testing and the growing number of chronic disease cases
Segments
The report is segmented into five market dynamics to widen the scope of understanding,
By Product : Medical (therapeutic agents, human proteins, and vaccines) and Non-Medical (biotech crops, specialty chemicals, others).
By Component : Expression System and Cloning Vector, among others.
By Application : Food & Agriculture and Health & Disease, among others.
By End-user : Biotechnology Companies, Academic & Government Research Institutes, and Pharmaceuticals, among others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Competitive Analysis
The fundamental success factors and players’ inclinations are gradually improving by the strategies being used by market players. The market has entered in a new period of growth as the market is constantly in a state of mutability. The external factors that are inspiring the market expansion which is contingent on the practices and the strategic roadmaps that are exploited by market competitors. The key players in the market are Profacgen (U.S.), Amgen Inc. (U.S.), Novartis AG (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (U.S.), Genscript Biotech (U.S.), Eli Lilly and Company (U.S.), Merck & Co., Inc. (U.S.), Boehringer Ingelheim (Germany), Biogen Inc. (U.S.), New England Biolabs (U.S.), Sanofi S.A. (France), Biocon Limited (India), GlaxoSmithKline plc (UK), Cibus (U.S.), Monsanto Company (U.S.) and others.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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