Global Recombinant DNA Technology Market Analysis & Forecast to 2023-2033 [Yahoo! Finance]
VBI Vaccines, Inc. - Ordinary Shares (VBIV)
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Source: Yahoo! Finance
The global recombinant DNA technology market size was estimated to be USD 148.71 billion in 2023 and is expected to reach at USD 345.7 billion by 2033 with a CAGR of 7.97% during the forecast period 2023-2033. Rising investment in research for development of recombinant products, increasing mergers & acquisitions by key market players, technological advancements in recombinant DNA technologies, increasing genetic disorder, growing demand for early detection of disease, rising development of genetically modified crops to improve both yield & resistance to pests or herbicides, rising application of RDT in agriculture & food, and growing research & development activities are the key factors propelling the market growth. By Product, Component was the highest revenue-grossing segment in the global recombinant DNA technology market in 2022 owing to rising developments for efficient protein expression, growing development of cell lines such as HEK293 and Chinese Hamster Ovarian (CHO), a
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