Overview
The breakthroughs in genetic research have opened up new avenues for the development of recombinant DNA technology. 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 global recombinant DNA technology market is segmented on the basis of product, component, application, and end-user.
On the basis of product, the global recombinant DNA technology market is segmented into medical, non-medical, and others. The medical segment is divided into therapeutic agent, human protein, and vaccines. The non-medical segment is divided into biotech crops, specialty chemicals, and others.
On the basis of component, the global recombinant DNA technology market is segmented into expression system, cloning vector, and others. The expression system segment is divided into mammalian, bacteria, yeast, baculovirus/insect, and others. The cloning vector segment is divided into plasmid, phage, cosmid, Bacterial Artificial Chromosome (BAC), Yeast Artificial Chromosome (YAC), and Human Artificial Chromosome (HAC).
On the basis of application, the global recombinant DNA technology market is segmented into food and agriculture, health and disease, environment, and others.
On the basis of end-user, the global recombinant DNA technology market is segmented into biotechnology companies, academic and government research institutes, pharmaceuticals, and others.
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.
Key Players
Some of the key players in the global recombinant DNA technology market are F. Hoffmann-La Roche Ltd (Switzerland), Profacgen (U.S.), Amgen Inc. (U.S.), Novartis AG (Switzerland), Genscript Biotech (U.S.), Pfizer Inc. (U.S.), Novo Nordisk A/S (Denmark), Eli Lilly and Company (U.S.), Sanofi S.A. (France), Merck & Co., Inc. (U.S.), Biogen Inc. (U.S.), Biocon Limited (India), GlaxoSmithKline plc (UK), New England Biolabs (U.S.), Cibus (U.S.), Monsanto Company (U.S.), Horizon Discovery Group PLC (U.S.), Boehringer Ingelheim (Germany), and others.
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation of the Recombinant DNA Technology Market
Figure 3 Segmentation Market Dynamics for the Recombinant DNA Technology Market
Figure 4 Global Recombinant DNA Technology Market Share, by Product 2020
Figure 5 Global Recombinant DNA Technology Market Share, by Component 2020
Figure 6 Global Recombinant DNA Technology Market Share, by Application 2020
Figure 7 Global Recombinant DNA Technology Market Share, by End-User2020
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