Recombinant Technology market report consists of explicit and up to date information about the consumer’s demands, their inclinations, and their variable likings about particular product. The report is a professional, all-inclusive study on the present state of the Healthcare industry with a focus on the global market. This helps businesses map the advertising, promotion, marketing and sales strategy more profitably and also assists in taking sound and efficient decisions. Market status at the global and regional level about Healthcare industry is offered through credible Recombinant Technology report which helps to gain business insights at the extensive marketplace.
Data Bridge Market Research analyses that the recombinant technology market which was USD 690.4 billion in 2021, would rocket up to USD 1127.25 billion by 2029, and is expected to undergo a CAGR of 6.32% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Browse Full Report Along With Facts and Figures @ https://www.databridgemarketresearch.com/reports/global-recombinant-technology-market
Market Overview:
Recombinant technology is also known as genetic engineering. It is currently utilized frequently to modify genetic material outside of an organism to produce better and desirable features in living things. It involves inserting DNA fragments from various sources that have the desired gene sequence into a suitable vector. In addition, it helps in the safe, economical, and sufficient manufacturing of essential proteins needed for nutrition and battling health issues. As a result, it has applications across various fields and a great potential to enhance food resources, improve health, and increase resilience to various negative environmental effects.
COVID-19 Impact on Recombinant Technology Market
The global pandemic COVID-19 has caused stress across many businesses and industry verticals, not just for human lives. Several million people around the world have contracted the COVID-19 disease, and with more cases becoming active every day, it is still difficult to forecast how long the pandemic will last. The COVID-19 outbreak has had a significant impact on recombinant technology. However, because vaccines are so effective at preventing fatal illnesses, their business has been expanding globally. The prognosis for the year predicts that increased R&D will result in the potential development of a COVID-19 recombinant vaccine.
Recent Development
l In February 2022, the European Medicines Agency's Committee for the Use of Medicinal Products provided VBI Vaccines Inc. with favorable feedback. This viewpoint was in reference to the PreHevbri 3-antigen hepatitis B (HBV) vaccine, developed to provide adults with immunity against hepatitis B virus infection. Because hepatitis B is still a concern for public health in Europe, this favourable judgment gave medical professionals a useful tool for preventing patients from contracting the illness.
l In June 2021, the world's top provider of life science research tools and services, GenScript USA Inc., debuted the GenWandTM Double-Stranded DNA (dsDNA) Service for manufacturing CRISPR knock-in homology-directed repair (HDR) templates in T cell engineering.
l In March 2022, PreHevbrio (Recombinant Hepatitis B Vaccine) was made available to individuals over the age of 18 in the United States by VBI Vaccines Inc. to prevent infection by any known subtype of the hepatitis B virus (HBV). Additionally, the release of the vaccine will increase immunization rates with the help of US healthcare experts and will protect patients, especially adult patients, against HBV.
Some of the major players operating in the recombinant technology market are:
l Amgen Inc (U.S.)
l Novartis AG (Germany)
l Novo Nordisk A/S (Denmark)
l Sanofi (France)
l Merck & Co., Inc. (U.S.)
l Genentech, Inc. (U.S.)
l GenScript (U.S.)
l Pfizer Inc. (U.S.)
l Biocon (India)
l GlaxoSmithKline plc. (U.K.)
l New England Biolabs (U.K.) Ltd. (U.K.)
l Cibus (U.S.)
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