Global Cloning and Mutagenesis Market size & share are expected to generate revenue of USD 9.29 Billion By 2030 and are estimated to be valued at USD 2.00 billion in 2021, at a compound annual growth rate (CAGR) of 18.7% from 2022 to 2030
“Cloning and Mutagenesis Market Share, Size, Trends, Industry Analysis Report, By Product (Cloning Kits, Mutagenesis Kits); By Technology; By End-use; By Region; Segment Forecast, 2022 - 2030” in its research database.
“According to the latest research study, the global Cloning and Mutagenesis Market size & share are expected to generate revenue of USD 9.29 Billion By 2030 and are estimated to be valued at USD 2.00 billion in 2021, at a compound annual growth rate (CAGR) of 18.7% from 2022 to 2030”
What are Cloning And Mutagenesis? What is the Expected Size & Share of Cloning And Mutagenesis Market?
Cloning is the procedure of engineering the same organism, tissue, biological entity, or cell, either naturally or artificially. A biotechnology method is used to perform the artificial clone technology. Mutagenesis is the process by which the DNA of an organism is permanently changed, resulting in the production of gene mutation. Mutagenesis is performed experimentally in laboratory procedures where mutations in the DNA are formed for the production of mutation of the genes.
Cloning and mutagenesis is the technique used to study the structure and functionality of proteins, developed to confirm the effect of mutations both in vitro and in vivo. The growing adoption of cloning and mutagenesis technologies, such as PCR, due to the increasing demand for personalized medicine, is expected to drive the cloning and mutagenesis market size. The rising prevalence of genetic abnormalities and chronic diseases is further anticipated to boost the growth of the market.
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Growth Driving Factors
An increasing number of innovations and novel product launches in the cloning and mutagenesis market are expected to propel market growth. The growing popularity of reproductive cloning is predicted to contribute to the cloning and mutagenesis industry growth during the forecast period. Other factors, such as the rising use of personalized drugs and a surge in cases of genetic disorders and diseases like cancer and HIV, are likely to flourish the market expansion. Growing investments in R&D by key manufacturers in genetic diseases fuel the market demand.
Moreover, the rising focus on protein engineering for therapeutic development is escalating the growth prospects for the market. Technological developments in cloning services, along with increased synergistic industry activities, augment the cloning and mutagenesis market sales. A surge in strategic collaborations among private as well as government organizations is an additional factor projected to accelerate the industry's future growth.
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Segmental Analysis
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Cloning And Mutagenesis Market Report Scope
Report Attribute | Details |
Revenue forecast in 2030 | USD 9.29 Billion |
Market size value in 2022 | USD 2.36 Billion |
Expected CAGR Growth | 18.7% from 2022 - 2030 |
Base Year | 2022 |
Forecast Year | 2022 - 2030 |
Top Market Players | Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., New England Biolabs, Takara Bio Inc., Merck KGaA, Promega Corporation, Bio-Rad Laboratories, Inc., Danaher, Jena Bioscience GmbH, Assay Genie, TransGen Biotech Co., Ltd. |
Segments Covered | By product, By Technology, By End-use, By Region |
Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
In terms of geography, cloning and mutagenesis market demand in North America dominated the market in 2021 owing to the growing demand for biotechnology methods. Increased adoption of platforms grounded on genomic and proteomic data, which has led to increasing the use of cloning and mutagenesis methods, is majorly driving the market growth in North America.
Moreover, the Asia Pacific is expected to grow at the highest rate because of the rising requirement for novel treatments in the region. Other factor supporting regional growth of the cloning and mutagenesis market includes growing investment by the government in R&D, a rapidly growing economy, and rising infrastructure development.
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Feb 16, 2023