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The marine biotechnology market size is forecast to increase by USD 4.72 billion at a CAGR of 9.83% between 2023 and 2028. Marine biotechnology is a dynamic sector that leverages the rich biodiversity of marine organisms, including Marine Fungi, Marine Algae, Corals and Sponges, Marine Viruses, and various marine-derived supplements, to develop innovative solutions for various industries. The market is driven by the discovery of novel drug compounds from marine sources, particularly in the pharmaceuticals sector, where marine organisms have shown promise in treating conditions such as Alzheimer's disease and diabetes. Synthetic biology and genetic engineering are also key trends in marine biotechnology, enabling the production of sustainable and eco-friendly materials. However, the market faces challenges, including legal and ethical issues associated with marine biotechnology, ensuring sustainable harvesting practices, and navigating complex regulatory frameworks.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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