Technological advancement is driving the growth in Global Plantibodies Market in the forecast period, 2022-2026.
According to TechSci Research report, “Plantibodies Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026”, the global plantibodies market has a potential to project an impressive CAGR toward forces growth in the period, 2022-2026, on the account of increasing researches and technological advancement in the healthcare industry. Increasing studies and innovative drug manufacturing through plant-antibody conjugation is anticipated further drive the growth of the global plantibodies market in the upcoming five years.
Recent launches of innovative biotechnological processes and genetic modifications in the plants, using them as bioreactors to multiply the drug production is further supporting the growth of the global plantibodies market in the next five years. Additionally, surging demands for the effective treatment of chronic & infectious diseases is substantiating the growth of the global plantibodies market in the future five years.
Moreover, the consumers are demanding for more confirmed and effective treatment for the recent diseases like COVID-19, that caused pandemic and current evolution of the virus and its increased effect created panic and thus further aiding the growth of the global plantibodies market in the forecast years, until 2026.
Furthermore, stringent regulations, prolong clinical trials, and delayed FDA approvals may put a mild restraint on the future growth of the global plantibodies market in the forecast period.
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The global plantibodies market is segmented on the basis of transgenic crop, technique, application, end user, competitional landscape, and regional distribution. Based on transgenic crop, the market is further fragmented into tobacco, legumes, cereals, seeds & tubers, fruits & vegetables, and others. Tobacco is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of prolonged usage of the plant as a transgenic plant and bioreactor to produce various pharmaceutical products.
Moreover, the plant has ability to create an antigenic epitope called Hemagglutinin which counters the effect of influenza viruses. Increasing threat of multiple evolutions of influenza virus is aiding the growth of the sub-segment as well as supports the growth of the global plantibodies market in the next five years. Legumes including alfalfa crops are anticipated to register significant growth in the next five years.
The crops are utilized to produce recombinant antibodies. Also, higher protein production capacity in the legumes further supports the growth of the sub-segment and the growth of the global plantibodies market in the future five years.
On the basis of technique, the market is bifurcated into conventional method, tissue culture, breeding & sexual crossing, transgenic seeds, and others. Recent advancement in the plant biotechnologies supports the utilization of transgenic seeds to substantiate the plantibodies production thus aiding their growth along with the growth of the global plantibodies market in the upcoming five years. Plantibodies produced inside the green plants have the possibility to undergo proteolytic degradation since most of the cases do not require the plantibodies for the plant. Whereas transgenic seeds stores the plantibodies for longer duration.
Some of the market players, dominating the global market are:
· PlantForm Corporation
· Planet Biotechnology Inc
· iBio, Inc.
· Mapp Biopharmaceutical, Inc. (Allergan, Inc.)
· Medicago Inc.
· NOMAD Bioscience GmbH
· Ventria Bioscience Inc.
These market players along with new market entrants, are focused on extensive research and bringing innovative and advanced products. Technologically advanced manufacturing of the pharmaceutical products and therapeutic processes while utilizing transgenic plants as bioreactors would aid in decreasing the cost of the production and aid the players in managing their investments. Moreover, initiatives from the government and private fundings would support the global plantibodies market growth indirectly.
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“North America region is anticipated to dominate the global market analysis on the grounds of most of the research institutes, academic studies, and experimentations being carried out in the countries like the United States, and Canada. Also, the rapidly increasing market players in the region are supporting the growth of the global plantibodies market in the upcoming five years. Asia Pacific region is anticipated to register significant growth in the next five years due to increasing cases of infectious diseases. Asian countries like Thailand, China, register the greatest number of patients suffering from various infectious diseases. Lack of awareness regarding prevention of infectious diseases further support the growth of the global plantibodies market in the next five years. Moreover, stringent FDA regulation may confirm effective but delayed treatment and therapeutics for these countries and looking at the rapidly increase in the patient count, the factor influences growth of the global plantibodies market in the future five years. Market players involvement in the countries is looking up the future prospect of the market growth although the region is still an open market for the future brand launches and market players looking for business expansion,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Plantibodies Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Transgenic Crop (Tobacco, Legumes, Cereals, Seeds & Tubers, Fruits & Vegetables, Others), By Technique (Conventional Method, Tissue Culture, Breeding & Sexual Crossing, Transgenic Seeds, Others), By Application (Autoimmune Diseases, Cancer, Infectious Diseases, Immunization, Dentistry, Others), By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutes, Others), By Region”, has evaluated the future growth potential of global plantibodies and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global plantibodies market.
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