Recombinant DNA Technology Market Insights:
Recombinant DNA Technology Market size was valued at USD 689.8 Billion in 2021, expecting a CAGR of 4.89% during the forecast period (2022-2030), and the market is projected to be worth USD 1060.06 Billion by 2030.
The increased adoption of Recombinant DNA Technology in the Biotechnology industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Recombinant DNA Technology also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Recombinant DNA Technology in many sectors also boosts the market growth during the forecast period.
By manipulating the expression of target genes, recombinant DNA technology has enabled the transfer of desired features that may be used to improve existing systems. The use of recombinant DNA technology enables the mass manufacture of therapeutic proteins with excellent uniformity and stability. The technology has broad applications and the ability to improve crucial elements of life, such as health and food resources. Plants that have been genetically engineered have increased resistance to viruses and insect assaults, increased product production, and demonstrated higher adaptation for better survival.
Recombinant DNA Technology Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Vaccines, Therapeutic Agents, Recombinant Protein, Others), By Component (Vectors, Expression System, Others) By Application (Diagnostics, Therapeutic, Food and Agriculture, Others), By End Use (Biotechnology and Pharmaceutical Companies, Diagnostic Laboratories, Academic and Government Research Institutes, Other), and companies (Merck & Co., Inc., Biogen, Biocon, GlaxoSmithKline plc, New England Biolabs., Cibus, Monsanto Company, Horizon Discovery Group PLC,Hoffmann-La Roche Ltd (Genentech, Inc), Profacgen, Amgen Inc, Novartis AG, GenScript, Pfizer Inc, Novo Nordisk A/S, Eli Lilly and Company, Sanofi), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.89%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||1060.06 Billion|
|By Product||Vaccines, Therapeutic Agents, Recombinant Protein, Others|
|By Component||Vectors, Expression System, Others|
|By Application||Diagnostics, Therapeutic, Food and Agriculture, Others|
|By End User||Biotechnology and Pharmaceutical Companies, Diagnostic Laboratories, Academic and Government Research Institutes, Other|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Merck & Co., Inc., Biogen, Biocon, GlaxoSmithKline plc, New England Biolabs., Cibus, Monsanto Company, Horizon Discovery Group PLC,Hoffmann-La Roche Ltd (Genentech, Inc), Profacgen, Amgen Inc, Novartis AG, GenScript, Pfizer Inc, Novo Nordisk A/S, Eli Lilly and Company, Sanofi|
The COVID-19 pandemic has had a substantial negative influence on the Recombinant DNA Technology market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Merck & Co., Inc., Biogen, Biocon, GlaxoSmithKline plc, New England Biolabs., Cibus, Monsanto Company, Horizon Discovery Group PLC,Hoffmann-La Roche Ltd (Genentech, Inc), Profacgen, Amgen Inc, Novartis AG, GenScript, Pfizer Inc, Novo Nordisk A/S, Eli Lilly and Company, Sanofi
Market Segment Analysis:
- Therapeutic Agents
- Recombinant Protein
- Expression System
- Food and Agriculture
By End User
- Biotechnology and Pharmaceutical Companies
- Diagnostic Laboratories
- Academic and Government Research Institutes
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Recombinant DNA Technology industries in the region.
Key Recombinant DNA Technology Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Recombinant DNA Technology Market segments.
– Largest Market Share Held by Industry to Industry for Recombinant DNA Technology
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Recombinant DNA Technology Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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