About Recombinant DNA Technology
Recombinant DNA technology is a laboratory technique in which DNA molecules from different species are joined together and inserted into a host organism to produce a new genetic combination. There are a wide variety of advantages to rDNA, including increased resistance of crop plants to harsher environmental conditions or pests, innovative medical and pharmaceutical research to develop new therapeutics, the development and insertion of DNA therapeutics (gene therapies) into damaged chromosomes to treat hereditary diseases, and many more. Continuous advancements in molecular biology techniques and genetic engineering tools have enhanced the efficiency and precision of recombinant DNA technology. This has led to the development of new and improved products and processes, fostering market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for recombinant DNA technology is dynamic and characterized by ongoing research and development, mergers and acquisitions, and collaborations. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
F. Hoffmann-La Roche Ltd (Switzerland), Biogen (United States), Amgen Inc. (United States), Novartis AG (Switzerland), Genentech, Inc. (United States), DAIICHI SANKYO COMPANY, LIMITED. (Japan), 4basebio (United Kingdom), Profacgen (United States), Astellas Pharma Inc. (Japan), Sanofi (France), Pfizer Inc. (United States), Bioclone Inc. (Brazil), AstraZeneca (United Kingdom), Takeda Pharmaceutical Company Limited (Japan), LenioBio (Germany), Embrapa (Brazil), Medix Biochemica (France), Miltenyi Biotec (Germany) and Absolute Antibody (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Recombinant DNA Technology market by , Application (Gene Therapy, Clinical Diagnosis, Insulin Production, Generate Antibody Probes and Others) and Region.
On the basis of geography, the market of Recombinant DNA Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users Industry, the sub-segment i.e. Agriculture will boost the Recombinant DNA Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technique, the sub-segment i.e. CRISPR-Cas9 will boost the Recombinant DNA Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased adoption of personalized medicine
Market Growth Drivers:
Rising prevalence of chronic diseases, Increasing demand of agricultural industry such as, improved yield, resistance to pests. and Growing advancements in gene editing technologies such as, CRISPR-Cas9
Challenges:
The use of recombinant DNA technology raises ethical considerations, particularly in the context of gene editing in humans
Restraints:
Mistrust or lack of awareness of genetically modified products and Developing and implementing recombinant DNA technologies can be costly.
Opportunities:
Developing advanced diagnostic methods and tools.
Market Leaders and their expansionary development strategies
In January 2022, Thermo Fischer scientific Inc., the world leader in serving science has acquired the peprotech, a leading developer and manufacturer of recombinant protein. The acquisition will be able to efficiently grow the business and generate attractive results furthering company’s Mission to enable the customers to make the world healthier, cleaner and safer.
In May 2021, Biogen, a discovers, develops and delivers worldwide innovative therapies for people announced collaboration with the Ginkgo, a biotechnology company which offers automated organism engineering, enzyme discovery and cultured fragrances. The companies aim to redefine the industry standard for manufacturing recombinant adeno-associated virus (AAV)-based vectors.
Key Target Audience
End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.