The market for recombinant DNA technology is being driven by rising research and development activities to cure or alleviate diseases such as cancer and other immunodeficiency ailments. Developments in genetically engineered human insulin to treat diabetes and the success rate of the treatment has triggered the innovation of several other drugs, which is also fuelling the market growth.
Furthermore, the application of recombinant DNA technology to produce genetically modified crops that are rich in quality is also providing further impetus to the market growth. The use of recombinant DNA technology in agricultural activities has led to cost-efficient production, thus, adding to the market growth. In addition to its rising adoption in downstream sectors, the technology have no negative impact on the environment or human health, further spurring the market growth of recombinant DNA technology.
In 2020, one of the leading companies in recombinant DNA technology, Sanofi (OTCMKTS: SNYNF) collaborated with GSK to develop an adjuvanted COVID-19 vaccine using innovative and advanced technologies. Sanofi used its S-protein COVID-19 antigen based on recombinant DNA technology. The technology has produced an exact match to the proteins found in the virus, and further proceedings will take place with the help of the baculovirus expression platform. Sanofi’s initiative to develop a vaccine against coronavirus is a major breakthrough for the company and is expected to propel the overall growth of the industry in the coming years. The development of recombinant-based COVID-19 vaccine by Sanofi is being supported by Biomedical Advanced Research and Development Authority (BARDA). Such government aid in the form of investments is expected to further aid the market growth of recombinant DNA technology over the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global recombinant DNA technology market are Sanofi, Amgen Inc., Genentech Inc., GenScript, and Profacgen, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124