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The global biotechnology market is growing at a significant CAGR of around 6.1% during the forecast period (2020-2026). The market is driven by the growing healthcare spending and increase in demand for food security.
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Orion Market Research Global Biotechnology Market, Size, Share, Analysis Report & Forecast to 2026 Request a Free Sample of our Global Biotechnology Market: https://www.omrglobal.com/request- sample/biotechnology-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
The global biotechnology market is projected to exhibit a significant growth, at a CAGR of around 6.1%, during the forecast period. Crop improvement is being considered as flourishing area in the agriculture industry due to shift towards scientific approach in the agriculture technologies, rising concerns of poor crop yield and irregular reaping process of flowers and vegetables. Gene modification is scientific development to alter the genes of crops, flowers and vegetables. Additionally, DNA modification is emerging at a considerable pace in aquaculture and livestock in order to fulfil the requirement for healthy and properly mature animals for various applications. Gene modification is actively pursued in developed agriculture industry of the US, European countries, and advanced economies of Asia-Pacific with the help of research activities. A full Report of Global Biotechnology Market is Available at: https://www.omrglobal.com/industry- reports/biotechnology-market These research activities are growing with the financial support of private and public investments. Funding for CRISPR technology is increasing since last few years at a rapid rate along with increasing number of projects. Research activities are multiplying to curb the stagnation of agriculture industry in various countries. According to FSA (Federation of American Scientists), NIH had sanctioned fund with the value of approximately $267.0 million, $603.2 million, $947.5 million, and $1,155.4 million in 2015, 2016, 2017, and 2018 respectively for the CRISPR related research activities and projects. The substantial growth in funding the US and other countries is propelling the global biotechnology market during the forecast period. In order to increase access to nutritious foods across the globe, various biotech companies are utilizing or are looking forward to using CRISPR tools to increase food production through innovative breeding technologies. Each aspect of biotechnology, including molecular biology, genetics, oncology, immunology, agricultural, industrial, and even food technology is driven by CRISPR gene editing. In agriculture, CRISPR Cas9 tools play a diverse role in allowing industry in editing genomes in crops. The agricultural and plant breeding market for CRISPR Cas9 has immense potential to reduce global food shortages. At present, six companies grow CRISPR-modified crops in the US including Corteva and DowDuPont’s agtech. Corteva, DowDuPont’s agtech arm is expected to launch the first genetically modified crops in the US biotechnology market; these crops are supposed to be waxier than the existing waxy crops. Request a Free Sample of our Global Biotechnology Market: https://www.omrglobal.com/request- sample/biotechnology-market Additionally, the biotechnology market is being supported by products and research projects developed by companies operating in the agriculture industry. Companies such as BASF SE, Benson Hill Biosystems, Inc., Dow DuPont, Pairwise Plants, and others are procuring license agreements to develop genetically modified agriculture products. For instance, BASF SE had taken license agreement for gene modification from MIT and Harvard University in order to strengthen agricultural product portfolio for modified crops, livestock and aquaculture. The license procurement supports the research activities for various products to modify the product genetically. Therefore, with the launch and procurement of CRISPR technology by and from companies, the market is estimated to grow with considerable rate during the forecast period.
Global Biotechnology Market-Segmentation By Technology • • • • • • DNA Sequencing Cell-Based Assay Nanobiotechnology Tissue Engineering and Regeneration Fermentation Others (Chromatography and PCR Technology) By Application Healthcare • • • • Crop Production and Agriculture Industrial Processing Natural Resources & Environment Others (Bioinformatics) Global Biotechnology Market– Segment by Region North America • • US Canada Europe • • • • • • Germany UK France Spain Italy Rest of Europe Asia-Pacific • • • • China Japan India Rest of Asia-Pacific Rest of the World Company Profiles
•Abbott Laboratories •AbbVie Inc. •ADOCIA •Alere Inc. •Alkermes PLC •Amgen Inc. •AstraZeneca PLC •BIOCAD •Biogen Inc. •Bristol-Myers Squibb Co. •CSL Ltd. •F. Hoffmann La-Roche Ltd. •Galapagos NV •Johnson & Johnson Services Inc. •Merck & Co., Inc. •Miltenyi Biotec B.V. & Co. KG •Novartis AG •Novo Nordisk A/S •Pfizer Inc. •Regeneron Pharmaceuticals, Inc. •Sanofi SA •Thermo Fisher Scientific Inc. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/biotechnology-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404
