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Incorporation of technology with biology has opened up a broad pathway for research to understand and create new products with the help of genetically engineered animals.
As per the report that has been recently published by Market Research Future (MRFR), the global transgenic animals market is anticipated to expand significantly at a noteworthy CAGR of 8.6% during the forecast period of 2017-2023.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/5464Market Drivers:The rapid development in the field of genetic engineering and biotechnology is leading to the incorporation of recombinant DNA technology in various animals.
The introduction of transgenic technology in cows for increasing the production of milk is gaining traction in the global market, resulting in the growth of the global transgenic animal market.
The increasing use of transgenic technology for improving the quality and quantity of meat to fulfill the high demand for good quality meat in various regions of the world is one the major factors that are fueling the expansion of the global transgenic animal market.Market Restraints:The high cost of development of transgenic technology, reluctance in the acceptance of transgenic products and stringent regulatory framework by FDA are likely to hamper the growth of the global transgenic animal market during the forecast period.
Based on products, the transgenic animal market is segmented into PCR, gene gun, microinjections, electroporator, and others.
Based on consumables, the transgenic animal market is segmented into fluorescent probes, culture media, and others.Based on application, the transgenic animal market is segmented into recombinant human proteins, monoclonal antibodies, xenotransplantation, and others.
