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Veterinary-Animal Vaccines Market Share, Application Analysis, Regional Outlook, Competitive Strateg
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Synthetic Biology Market worth $ 11.00 Billion, Globally, by 2028 at 6.60% % CAGR: Verified Market Research
- Numerous applications of Synthetic Biology, a decrease in costs of DNA Sequencing and synthesizing, and elevating demand for synthetic genes and synthetic cells contribute as the primary drivers of the growth of the market
JERSEY CITY, N.J., May 11, 2021 /PRNewswire/ Verified Market Research recently published a report, Synthetic Biology Market By Product (Core Products and Enabling Products), By Technology (Gene Synthesis, Genome Engineering, Cloning, Sequencing, Site-Directed Mutagenesis & Others), By Application (Medical Application, Pharmaceuticals, Drug Discovery and Therapeutics, Artificial Tissue and Tissue Regeneration & Others), and by Geography. According to Verified Market Research, the Global Synthetic Biology Market was valued at USD 6.60 Billion in 2020 and is projected to reach USD 11.00 Billion by 2028, growing at a CAGR of 6.60% from 2021 to 2028.
Global Synthetic Biology Market Overview
Increasing demand of synthetic biology by Biotechnological and Pharmaceutical companies for research and development purposes contributes to the growth of this market. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), over 149.8 Billion USD is spent on R&D per year by the pharmaceutical research-based industry. The application of Synthetic Biology techniques in drug discovery and development acts as a growth driver for the Global Synthetic Biology market. In 2015 witnessed the launch of 56 new pharmaceuticals products out of more than 7,000 compounds in development which includes the synthesis of new bio-based products. For instance, Cell-free systems were used to design biosynthetic pathways for the antiviral agent valinomycin.
Veterinary Animal Vaccines Market Segmentation, Parameters and Prospects 2021 to 2027 Market Research Report
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Global Vein Finders Market Overview
The surge in the aging populace affected by chronic ailments and resulting in rising in the cases of hospitalizations will prompt the expansion of the vein finders industry over the estimated timespan. Additionally, the flourishing fashion sector and emerging personal care & cosmetic industries will steer the growth of the Vein Finders Market over the projected timeframe. Nonetheless, the vein finders are user-friendly and help in saving the time of physicians, patients, and medical or hospital staff. Furthermore, high consumer satisfaction achieved by hospitals and clinics using the products will boost the market trends. The major players in the market are Christie Medical Holdings, Inc., AccuVein, Inc., TransLite, LLC, Near Infrared Imaging, Inc., Teleflex Incorporated (VueTek Scientific, LLC), Venoscope, Koninklijke Philips N.V., B. Braun Melsungen AG, VINO Optics, and Becton, Dickinson, and Company.
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