Market Research Future (MRFR) expects the Recombinant DNA Technology Market to thrive at a rate of close to 6.9% during the forecast period. The genetically engineered human insulin has emerged successful in diabetes treatment, triggering the development of several recombinant therapeutics as well as drugs. This has meant massive success for the recombinant DNA (rDNA) technology, which offers substantial prospects for closing the gap between disorders and their effective treatment.
Widespread applications of the recombinant DNA technique in genetically modified crop development, veterinary product development, gene therapy, and biopesticides & biofuel production, will foster the market demand in the future. Escalating use of genetically modified (GM) products, like GM animals, which are produced with the use of the rDNA method facilitate faster medical research. Also, over 4000 scientific trials are being conducted to review the GM product safety with respect its effects on the human health as well as the environment.
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Furthermore, the soaring requirement for better production capacity of recombinant proteins, in view of the surging demand for highly effective therapeutics to treat diseases will benefit the market. These factors highlight the need for more technological innovations, resulting in business growth. in this sector thus driving growth.
Segmental Review
The Recombinant DNA technology industry, depending on product, caters to non-medical, along with medical, and more.
Components considered in the study are expression system, component segment, and cloning vector. Types of cloning vector are plasmid, cosmid, Human Artificial Chromosome (HAC), phage, Bacterial Artificial Chromosome (BAC), and Yeast Artificial Chromosome (YAC). Expression system-based key segments can be mammalian, bacteria, yeast, baculovirus or insect, and more.
Top applications of Recombinant DNA Technology are environment, food and agriculture, health and disease, and many others. The highest portion of the market is owned by the health & disease segment, on account of the surge in chronic disorders along with the extensive series of recombinant products like drugs, and vaccines being used for treating a variety of human diseases.
Primary end-users in the market are academic and government research institutes, biotechnology companies, pharmaceuticals, and more.
Regional Insight
The American market is the global leader and will remain so throughout the review period, thanks to the surging applications of the recombinant DNA technique in veterinary products development, genetically modified crops’ development, development of biopesticides and biofuels, and gene therapy.
Europe has secured the second place in the worldwide market, considering the active involvement of the government and surging investments in extensive R&D. The presence of top-notch hospital and medical facilities, rising number of partnerships, and collaborations paired with the massive demand of NGS procedures in research laboratories.
With a high number of low-cost production centers based in China, and India, the Asia Pacific market shall be achieving the fastest growth rate in the future. The region is garnering a lot of attention from the global companies, which are setting up their businesses in the developing countries. Japan has been recognized as one of the biggest importers of feed and food in the world, which are produced using a series of modern biotechnology tools. The country’s regulatory system with respect to GE crops is improving rapidly, while the trade barrier remains close to zero. These factors position Japan among the top three markets in the region.
Affluent Players
Amgen Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Profacgen (U.S.), Novartis AG (Switzerland), Novo Nordisk A/S (Denmark), Genscript Biotech (U.S.), Pfizer Inc. (U.S.), Sanofi S.A. (France), Eli Lilly and Company (U.S.), Biogen Inc. (U.S.), Biocon Limited (India), Boehringer Ingelheim (Germany), Merck & Co., Inc. (U.S.), Cibus (U.S.), GlaxoSmithKline plc (UK), New England Biolabs (U.S.), Horizon Discovery Group PLC (U.S.), Monsanto Company (U.S.) are the important recombinant DNA technology developers in the market.
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These firms are actively engaged in strategic collaborations and alliances to provide their extensive ranges of services in numerous life science domains. Additionally, companies are constantly focused on bolstering their production units as a viable measure to remain competitive within the market space.
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