Fitness Trends Recombinant DNA Technology Market | Page 2

Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Recombinant DNA Technology Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Increasing technological advancements facilitating the production of novel products is expected
to drive growth of the market
The tremendous advancements combined with wide range of applications to treat life
threatening human diseases such as cancer, diabetes and infectious diseases are expected to be
the major factors augmenting the market growth. According to the Global Diabetes Community,
2017, an estimated 422 million adults are suffering from diabetes worldwide, where the number
is expected to escalate to 642 million by 2040. Also, according to the World Health
Organization (WHO), an estimated 1.5 million deaths were directly caused by diabetes and
another 2.2 million deaths were attributable to hyperglycemia or high blood glucose levels.
Advancement in recombinant technologies have facilitated the development of long-acting
therapeutic proteins for drug development as well as introduced gene therapy, which is a novel
molecular medicine, thus supporting the growth of recombinant DNA technology market by
creating a positive impact in the treatment of genetic diseases. Moreover, the novel gene editing
tool- CRISPR, can be used to target destruction of abnormal genes in human cells and has
provided scientists a powerful way to make precise changes to DNA of microbes, plants, mice,
dogs and human cells.
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Market Dynamics
Rapid technological advancements in the field of genetic engineering to deliver highly efficient
therapeutics for disease management and in the field of agriculture are major driving factors for
growth of recombinant DNA technology market. For instance, Bac-to-Bac Baculovirus Expression
Systems offers a quick and efficient method to produce recombinant baculovirus and can express