The Global Blue Biotechnology Market is a continuously growing Industry with number of companies operating in this market. There is large number of companies involved in the development of the products including the extracts, drug compounds, molecules among others. Blue Biotechnology Market is becoming huge with increasing demand for the marine based products. There have been few success stories in the blue biotechnology market space.
Top 10 Market Key Players Competitive Research and Analysis:
North Pacific Marine Science Organization, Donald Danforth Plant Science Center,Consigli Construction Co Inc., American Innovations, Inc., Ingenuity Systems, Inc, Deepsea Power & Light.
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Global Blue Biotechnology Market – Overview:
Blue biotechnology provides numerous advantages like use of marine organisms in the field of biotechnology by modifying their genome, and diagnosis of diseases through microbial testing which contributes to the growth of this market. Drug discovery represents one of the most promising and highly visible outcomes of blue biotechnology. Biochemical compounds that are produced by marine invertebrates, algae and bacteria, are very different than those from related terrestrial organisms and thus offer great potential as new classes of medicines. Some of the examples of marine-derived drugs include an antibiotic from a fungi, two closely related compounds extracted from a sponge that can be used to treat cancer and the herpes virus, and a neurotoxin from a snail that has a kind of painkiller properties which makes it 10,000 times more potent than morphine without having any side effects to the patient. Moreover, there are several more marine-derived compounds currently in clinical trials and it is likely that many more of such will advance to the clinic as more scientists are looking to the ocean for these biotechnological uses.
Global Blue Biotechnology Market – Regional Analysis:
America is the largest market due to an increase in demand of blue biotechnology products, awareness regarding applications of blue biotechnology in vaccine development and presence of large number of biotechnology companies engaged in research and development activities in blue biotechnology. Europe is the second largest market owing to an increase in the demand of marine biotechnology products. Asia Pacific shows a steady growth of this market as blue biotechnology is not much applied in various fields. Middle East & Africa does not present much of opportunities for the growth of the blue biotechnology market at the moment and contributes least in the global blue biotechnology market.
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Main TOC for Blue Biotechnology Market Research Report – Global Forecast to 2024:
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGIES
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
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