The analysts of Healthcare Intelligence Markets have thoroughly examined the Global Genome Editing Market and have anticipated that the market will grow at a CAGR of +10% during the forecast period.
The ability of genome editing therapies is to offer a noteworthy development over current treatment options is important in enabling editing technologies to capture substantial revenue share. Improved efficiency, reduced side effects, and the potential for cure for specific diseases, can be accredited to convince growth in the coming years. Genetic amendment has delivered an attitude for reverse genetics, analyzing gene function, and linking DNA sequence to phenotype. Traditional methods are now becoming outdated, due to progress in the genome sequencing technologies, as a result of incompetent, time consuming, and labor-intensive methods.
The rising number of applications of genomics is one of the major factors that is driving the growth of the global genome editing market.
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The Genome Editing Market provides its segmentations by application such as Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering and Others. Along with this, it also provides an in-depth analysis of the prominent factors that influence the market which includes drivers, opportunities, trends and industry-specific challenges.
Some of the players operating in the genome editing market are Thermo Fisher Scientific Inc., Sangamo Biosciences Inc., GenScript USA Inc., Horizon Discovery Group plc, Merck & Co., Origene Technologies Inc., Transposagen Biopharmaceuticals Inc., New England Biolabs Inc., Lonza Group Ltd, and Integrated DNA Technologies Inc. among the others.
GenScript has come up with its new invention that maintains a collection of more than 20,000 lentiCRISPRv2 plasmids containing guide RNA (gRNA) sequences pre-validated by the Broad Institute. This new invention is named as GenScript CRISPR Plasmid Repository. Plasmids can be searched by gene name, symbol or ID on our gRNA Database.
The recent and trending technological advancements that are getting a hype, are known to be the driving factors of the market. On the other hand, the adverse public perception regarding the genome editing are projected to hamper the development of the overall market. But, the rising prevalence of cancer and other infectious diseases is anticipated to boost the demand of the market in the near future.
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• By Technology
• By Delivery Method
• By Application
o Cell Line Engineering
o Animal Genetic Engineering
o Plant Genetic Engineering
• By End User
o Biotechnology & Pharmaceutical Companies
o Academic & Government Research Institutes
o Contract Research Organizations
• By Service
• By Region
o North America
o Asia Pacific
o Latin America
o Middle East & Africa