The Global Gene Editing Market is growing with the rapid pace; mainly due to the technological advancement in the healthcare sector. According to a recent study report published by the Market Research Future, The Global Market of Gene Editing Market is booming and expected to gain prominence over the forecast period. The global market of Gene Editing is forecasted to demonstrate a spectacular growth by 2024, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2024).
Global Gene Editing Market is driven by the Increased R&D expenditure and growth of biotechnology and pharmaceutical industries, increased funding for genomics research, increasing demand for synthetic genes, global rise in production of genetically modified crops and technological advancements. The restraints of the Gene Editing market is strict regulatory policies and adverse public perception related to genetic research.
Gene Editing or Genome editing is a type of genetic engineering where a DNA is inserted, deleted or replaced in the genome of an organism to treat a particular disease. Genes control heredity and provide the basic biological code to determine the specific function of a cell. It is a synthetic modification of chromosomal DNA by using molecular scissors. Cells have a unique mechanism to protect themselves from attack from viruses, fungi and bacteria. Inside each cell lies a group of special proteins, called restriction enzymes. Restriction enzymes cut the DNA of a foreign organism into pieces before it has a chance to damage the cell. These enzymes are just like scissors or termed as molecular scissors.
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Global Gene editing Market – Key Players
GenScript USA Inc. (U.S.), Horizon Discovery Group plc (U.K.), Integrated DNA Technologies, Inc. (U.S.), Lonza Group Ltd. (Switzerland), New England Biolabs, Inc. (U.S.), OriGene Technologies, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.).
Global Gene Editing Market – Competitive Analysis
Thermo Fisher Scientific Inc. an American international biotechnology company founded in 2006 by the merger of Thermo Electronic and Fisher Scientific. In Feb 2014, the company announced the complete acquisition of Life Technology Corp for USD 76.13 Billion. Life Technology Corp is a global leading player in genetic testing and precision laboratory equipment. New instruments in Gene editing technology are Ion S5 sequencing systems, Sanger sequencing, QuantStudio family, QuantiGene Plex Assay, QuantiGene Singleplex Assay and QuantiGene Singleplex HT Assay. This acquisition will help the company create unrivalled control in serving research, life sciences, specialty diagnostics and applied markets.
Global Gene Editing Market – Segmentation
To give the insight information on Global Gene Editing Market report, MRFR has segment the report in to 4 key dynamics –
Segmentation By Methods: Comprises Crispr, Talen, ZFN, Antisense technology and other.
Segmentation By End-Users: Comprises biotechnology and pharmaceutical companies, academic and government research institutes, and contract research organizations (CROs).
Segmentation By Applications: Comprises Plant genetic engineering, cell line engineering, animal genetic engineering, plant genetic engineering and other.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Gene Editing Market – Regional Analysis
Global gene editing market is segmented on the basis of geographies or regions which mainly includes North America, Europe, Asia Pacific, and Middle East & Africa. North America is dominating the global market for gene editing with more than 40% share of the total market in 2016. The major factors influencing the growth of the market include due to increasing use of gene editing in for the use of gene therapy, high incidence of cancer and neurological disorders like Alzheimer’s, dementia. Increasing awareness for the use of stem cells furthermore contribute influence the growth of market in Americas.
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Asia-Pacific is expected to be the fastest growing market in coming future due to increasing population and rising development in biotechnology sector. This region is presenting huge opportunities in gene editing market due to the rapid development of major genome editing companies and increased R&D spending. Majorly India and China are the key contributors in this market. Globally, India is among the top 12 biotech nations and ranked third in the Asia Pacific region. India has the second-largest number of the U.S. Food and Drug Administration (USFDA)–approved plants, after the United States. The Indian biotech industry accounted for about 2% market share for the global biotech industry. In India the biotechnology industry has more than 800 companies. India contributes around 8% of total global generics market. This factors are driving to increase growth of the market tremendously in this region.
The Middle East & Africa holds the least share of the global market due to limited availability of biotechnology facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth of the major factors driving fertility testing market growth in the Asia-Pacific region.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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