Genetic engineering drugs has applications in research, medicine, agriculture, and industry and can be used on a broad range of plants, animals and microorganisms. In medicine, genetic engineering has been used to mass-produce human albumin, human growth hormones, follistim (for treating infertility), insulin, antihemophilic factors, monoclonal antibodies, vaccines, and many other drugs. In research, Organisms are genetically modified in experiments to learn more about the roles of specific genes. Transforming microorganisms such as bacteria or yeast, or insect mammalian cells with a gene coding for a useful protein, are examples of industrial applications. The protein can be produced in large amounts by fermenting the transformed organism in bioreactors and then purifying the protein.
MARKET DYNAMICS
Factors driving the growth of the genetic engineering drug market are the growing development of novel technologies in genome engineering, coupled with rising funding and investments for the development and research of new genetic engineering technologies. However, the high cost of genome engineering technology and needs high skilled researchers, which limits its adoption rate is expected to hamper the growth of the market. Moreover, increasing strategic collaboration for genome engineering drugs is anticipated to boost the market growth.
MARKET SCOPE
The "Genetic Engineering Drug Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of genetic engineering drug market with detailed market segmentation by product type and end user. The genetic engineering drug market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in genetic engineering drug market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The genetic engineering drug market is segmented on the basis of product type and end users. Based on product type, the market is segmented as monoclonal antibody, recombinant human erythropoietin, recombinant human interferon, recombinant human growth hormone, and recombinant human insulin. On the basis of end users, the market is categorized as pharmaceutical industries, academic institutes agriculture, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the genetic engineering drug market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The genetic engineering drug market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting genetic engineering drug market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the genetic engineering drug market in these regions.
MARKET PLAYERS
The report covers key developments in the genetic engineering drug market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from genetic engineering drug market are anticipated to have lucrative growth opportunities in the future with the rising demand for genetic engineering drug in the global market. Below mentioned is the list of few companies engaged in the genetic engineering drug market.
The report also includes the profiles of key players in genetic engineering drug market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Shanghai Lansheng Guojian Pharmaceutical
- Biotech Pharmaceutical
- GeneScience Pharmaceuticals
- Beijing SL Pharmaceutical
- Anhui Anke Biotechnology
- 3SBio
- Jiangsu Sihuan Bioengineering
- Tonghua Dongbao Pharmaceutical
- Shenzhen Neptunus Interlong Bio-Technique
- Others
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.