Technological Innovations and Rising R&D Investments to Drive Middle East and Asia Pacific Biotechnology Market to USD 1,080 Bn by 2033 – Coherent Market Insights
The Middle East and Asia Pacific Biotechnology Market, by Technology (Nanobiotechnology, Tissue Engineering and Regeneration, Fermentation, Cell Based Assay, CRISPR, and Others ), by Application (Molecular Biology, Gene Synthesis, Gene Editing, Mammalian Protein Expression, Recombinant Antibody Expression, Peptide Synthesis, Protein Expression, Monoclonal and Polyclonal Antibody Generation, and Others), by End User (Biotechnology & Pharmaceutical Companies, Research Institutes & Laboratories, Academic Institutions, and Others), and by Region (Asia Pacific and Middle East), is estimated to be valued at USD 718.5 Bn in 2026 and expected to exhibit a CAGR of 14.2% during the forecast period (2026–2033).
The increasing number of biotech product launches by key market players is expected to drive growth of the Middle East and Asia Pacific biotechnology market during the forecast period. For instance, in June 2019, Synthego, a global genome engineering solutions company with its presence in Asia Pacific region, announced the launch of the Gene Knockout Kit v2. This is the only product that leverages a novel bioinformatics-powered multi-guide strategy to guarantee a gene knockout. The kit will accelerate research by saving scientists from multiple trial-and-error cycles in optimizing their CRISPR (Clustered regularly interspaced short palindromic repeats) experiment.
The increasing number of partnerships between market players is expected to propel growth of the Middle East and Asia Pacific biotechnology market during the forecast period. For instance, in June 2019, GlaxoSmithKline Plc, a U.K.-based healthcare company with its presence in Middle East and Asia Pacific, announced its collaboration with the University of California (UC), in order to establish a new lab that focuses on speeding up discovery of new gene-based treatments by developing new CRISPR-based technologies and exploring how gene mutations lead to any disease.
Browse 106 Market Data Tables and 132 Figures spread through 415 Pages and in-depth TOC on Middle East and Asia Pacific Biotechnology Market, by Technology (Nanobiotechnology, Tissue Engineering and Regeneration, Fermentation, Cell Based Assay, CRISPR, and Others ), by Application (Molecular Biology, Gene Synthesis, Gene Editing, Mammalian Protein Expression, Recombinant Antibody Expression, Peptide Synthesis, Protein Expression, Monoclonal and Polyclonal Antibody Generation, and Others), by End User (Biotechnology & Pharmaceutical Companies, Research Institutes & Laboratories, Academic Institutions and Others), and by Region (Asia Pacific and Middle East)
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