The global market for agriculture biotechnology are expected to grow at the CAGR of 12.5% during 2015-2022. One of the major drivers for the growth of the agricultural biotechnology market is worldwide increasing population because of the demand for high crop yield isincreasing which is pushing thedemand for genetically modified (GM)crops.Further industry patent protection is also expected topushthe growth in the market.
The global life science tool and reagents market was calculated US$12.3bn in 2012 and is expected to be $29.13bn by 2022 indicating the CAGR of 11.43% for 2015-2022. The major driving factor uplifting the market is advancement in technology, also the increase in investments in research and development in health care industries is driving the market to fulfill the need and demand of new products. In this era where new kind of diseases are entering into the world, technology is getting more and more advanced to support the life science.
The global genome editing technology market is expected to grow at the CAGR of 14.1% during 2015-2022. The major factors driving the market are rising of genetically modified crop production, technological advancement, rise of biotechnology and pharmaceutical industry. Recent advancement in genome editing technology is CRISPR facilitating rapid and specific manipulations in gene sequence.
The Global Central Nervous System Biomarkers Market is expected to grow at the CAGR of 20% during 2015-2022 and it estimated to be $XX billion by 2022. The Global Central Nervous System Biomarkers Market is majorly driven by the development in proteomics, genomics and imaging system has increased demand for CNS biomarker.
There are many factors driving the global adhesive equipment market, some of them are expansion of the segments which make the major use of adhesive equipment market such as construction, consumer application and transportation. Growth of packaging and DHP industry is expected to drive adhesive equipment market.
The global biofertilizer market is expected to grow at the CAGR of 14.23% during 2015-2022 and it estimated to be $1.95 billion by 2022. The global biofertilizer market is majorly driven by exponential growth in the demand of organic food and the increasing incidents of the hazards due to the chemical fertilizers. Some of the other factors which act as the driver for the global biofertilizer market are increasing cost of the chemical fertilizers and pesticides and also due to the adverse effects of chemical fertilizers on the environment, certain and non-government agencies are supporting the use of biofertilizer over the chemical form of fertilizers.
The global bioinformatics market report is expected to grow at a CAGR of 21.17% during 2015-2022 and is estimated to be approximately $14.25 billion by 2022. The global bioinformatics market is segmented on the basis of application, products & services, sector and geography. The bioinformatics market is grown by factors such as increasing application of the technology in a large number of sectors.
The use of a living organism to change a process or end product is what the broad spectrum of biotechnology.
Biotechnology has been the cause of many inventions and innovations that can be categorized as products and processes. Products include agriculture, food technology, pharmaceuticals, stem cell technology. US and Japan have filed the largest number of patents in biotechnology leading the global industry.
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