Lucintel's latest market report analyzed that recombinant DNA technology provides attractive opportunities in biotechnology & pharmaceutical companies and academic & government research institutes. The recombinant DNA technology market is expected to grow at a CAGR of 6%-8%. In this market, medical are the largest segment by product, whereas biotechnology and pharmaceutical companies are largest by end use.
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Based on product, the recombinant DNA technology market is segmented into medical (therapeutic agent, human protein, and vaccine) and non-medical (biotech crops, specialty chemicals, and others). The medical segment accounted for the largest share of the market in 2020 as it has facilitated disease treatment by insertion of new genes in place of damaged & diseased genes.
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The recombinant DNA technology market is marked by the presence of several big and small players. Some of the prominent players offering recombinant DNA technology include F. Hoffmann-La Roche, Profacgen, Amgen, Novartis, GenScript, Pfizer, Novo Nordisk, Biogen, Biocon, GlaxoSmithKline, New England Biolabs, Cibus, Monsanto Company, and Horizon Discovery Group.
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