Global Gene Editing Market-An Overview
The evolution of the new as well as innovative technologies related to gene-editing is intensely transmuting industrial biotechnology, human therapeutics and agriculture. Moreover, developments in CRISPR (clustered regularly interspaced short palindromic repeats) has made a fecund atmosphere for the manufacturing of cost-effective products at a large scale that ranges right from the research at elementary level to the development of translational medicine. In a recent study, patent landscape of the gene-editing tools was comprehensively analyzed and concluded that CRISPR has established dominance in comparison to the preceding gene-editing technologies.
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Though, several gene-editing tools pioneered from the industry, CRISPR was founded by the academic research institutions. Moreover, spinout of CRISPR biotechnology establishments from the academic institutions exhibits a slight swift in business policies that were formerly controlled by the diligence. Further, these academic institutions along with their ensuing companies are contending for generating widespread rational portfolios of property in order to swiftly commercialize the products of CRISPR. Furthermore, it was found that the beginning of CRISPR has led to a fivefold growth in the investment of genome-editing bio enterprise since past one year.
Ethical Implications of Gene Editing
Over the period of next few decades, the technologies related to genome-editing is expected to play a very significant role in terms of human as well as animal health. Presently, a number of genetically engineered strategies of therapeutic other than those from CRISPR has been used in the clinical trials of oncology are on the way of receiving the regulatory authorization. However, it is predictable that a new cohort of therapeutics will ascend, with help of CRISPR technology, because it will allow the analysts to target at the exact genome sequences. This is not possible by other therapeutic modalities. Moreover, genome-editing technologies will mostly benefit the genetic diseases; on the other hand, several non-hereditary pathologies, for instance certain degenerative sicknesses will be obstructed, since many of these sicknesses consists of growing components of genetic mutational because of the epigenetic changes.
Some challenges continue to stay in the application of CRISPR, before they are directed towards the medical ground, for instance, long lasting safety concerns, inaccurate mutations as well as deadly implications.
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Rise in funding for genome editing, increase in the occurrence of genetic disorders, growth in the production of genetically modified crops and increase in the developments for the technology of gene editing are the factors driving the growth of gene editing industry. Another major factor expected to fuel the growth of the market includes the rising usage of CRISPR Cas9 technology. On the other hand, strict government rules and lack of awareness among the people for genetic alteration are factors hampering the growth of gene editing market globally.
The global gene editing market size accounted for USD xx Billion in 2017 and is anticipated to exhibit the growth at a CAGR of x% in terms of revenue and reach USD xx Billion by the end of forecast spell.
Global gene editing market has been segmented by different technology, applications and geography. On the basis of technology, market is divided into Clustered regularly interspaced short palindromic repeats (CRISPR), Transcriptor-activator like effector nuclease (TALEN), Zinc Finger Nucleases (ZFN) and other techniques of gene modification (piggyback transposon, Recombinant adeno-associated virus (rAAV), megatales). Based on application, gene editing market is divided into scientific research, biotechnology, agriculture, drug discovery & development and genetic engineering.
On considering the technology, CRISPR/Cas9 segment registered for xx.x% in 2017 and is anticipated to display the trends of growth during the forecast period. In addition, initiatives of government and rise in the funding for research in the development of drugs and vaccines will augment the demand for CRISPR/Cas9 technology encouraging the growth of gene editing market.
Key players operating in the global gene editing market include Crispr therapeutics, Cellectics, Sangamo Biosciences, Editas Medicine, Thermo Fischer and more. Thermo Fischer Scientific Inc. is American International Biotechnology Company established in 2006 on collaboration of Fischer Scientific and Thermo Electronic. In the year 2014, Thermo Fischer Scientific Company declared the procurement of Life Technology Corp for USD xx.xx Billion. Life Technology Corp is the prominent player in precision laboratory and genetic testing equipment. Acquisition is helpful for the company to generate incomparable mechanism in life sciences, research, applied and specialty diagnostics market.
Key Segments highlighted in the upcoming global gene editing market include:
Clustered regularly interspaced short palindromic repeats (CRISPR)
Transcriptor-activator like effector nuclease (TALEN)
Zinc Finger Nucleases (ZFN)
Other techniques of gene modification (piggyback transposon, Recombinant adeno-associated virus (rAAV), megatales)
Drug discovery & development
Middle East & Africa
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