Gene Editing Market 2019 Latest Research Analysis By Methods (Crispr, Talen, Zfn, Antisense Technology And Others), By Applications (Plant Genetic Engineering, Animal Genetic Engineering, Gene Therapy, Microorganisms Genetic Engineering), By End User (Biotechnology, Pharmaceutical, Contract Research Organization) – Global Industry Trends and Forecast Till 2023.
Market Research Future predicted that the gene editing market Size will attain a 18.30% CAGR in global Industry Overview and forecast period 2017-2023.
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Many biopharmaceutical companies are focusing on developing innovative drugs for various genetic diseases due to the high global disease burden and their considerable commercial potential. The growing demand for synthetic genes, significant investments in R&D, technological advances in molecular biology are other parameters that contribute to the growth of the sector. In addition, manufacturers of genetic editing tools wish to strengthen their activities in fast-growing markets by expanding their sales and distribution channels. These major players include,
GenScript USA Inc.
Horizon Discovery Group plc
OriGene Technologies Inc.
Integrated DNA Technologies Inc.
New England Biolabs
Lonza Group Ltd Inc.
Sigma-Aldrich Corporation
Sangamo Biosciences Inc.
Thermo Fisher Scientific Inc.
Transposagen Biopharmaceuticals Inc.
and Others.
Recent developments in CRISPR gene editing tools and their ease of use have attracted considerable interest in the biomedical community. CRISPR-based genetic processing has great potential to adapt to the therapeutic landscape of induced disorders. Among the genetic processing tools, there are potential applications for CRISPR in the human medicine market as well as in veterinary medicine.
Global Gene Editing Market Segmentation
The global gene editing market can be segmented by methods, applications and end users for better understanding and analysis.
On the basis of methods, the gene editing market includes, transcription activator-like effector nucleases (TALEN), clustered regularly interspaced short palindromic repeats (CRISPR), zinc finger nucleases (ZFN), antisense technology.
Gene editing method helps to create and control genetic information in the patient’s cells. It is now essential for drug discovery and diagnosis, as well as for the precise drugs that stimulate market growth. Given the fact, the limitations of the gene editing market are a strict regulatory policy and an unfavorable public perception of genetic research. The rising prevalence of cancer and other genetic disorders, combined with the increasing demand for personalized drugs, is expected to spur the expansion of the gene editing industry. In addition, the increase in government funding programs will have a significant impact on sector growth over the forecast period.
The application segment of the gene editing market can be classified into animal genetic engineering, plant genetic engineering, gene therapy, and microorganism’s genetic engineering.
the gene editing market based on the end-users is bifurcated into contract research organizations, biotechnology, and pharmaceuticals.
INTENDED AUDIENCE:
- Genome editing product manufacturers
- Genome editing product suppliers and distributors
- Venture capitalists
- Regulatory bodies
- Government research laboratories
- Research and development (R&D) companies
- Market research and consulting service providers
- Medical research institutes and universities
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Global Gene Editing Market Regional Analysis
Global Gene Editing Market is segmented into- America, Europe, Asia Pacific and Middle East and Africa.
The Americas is the leader with the maximum participation in the global market. It is the US presence that has the most impact on growth. Infrastructure superiority, sufficient funding from public and private organizations, and leading research technology are windfalls for the market growth. Europe follows America’s footsteps. Similar characteristics gave the regional market a prominent place. In addition, the market is promoted by the presence of various organizations involved in such research. The APAC region expects the fastest growth during the forecast period. Emerging economies are investing heavily to stimulate the regional market.
LIST OF TABLES
Table 1 Gene Editing Industry Synopsis, 2017–2023
Table 2 Global Gene Editing Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Global Gene Editing Market, By Region, 2017–2023, (USD Million)
Table 4 Global Gene Editing Market, By Methods, 2017–2023, (USD Million)
Table 5 Global Gene Editing Market, By Application, 2017–2023, (USD Million)
Table 6 Global Gene Editing Market, By End User, 2017–2023, (USD Million)
Table 7 Americas Gene Editing Market, By Methods, 2017–2023, (USD Million)
Table 8 Americas Gene Editing Market, By Application, 2017–2023, (USD Million)
Table 9 Americas Gene Editing Market, By End User, 2017–2023, (USD Million)
Continued…
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Latest Industry Updates
For the first time, scientists used the CRISPR-Cas9 genetic processing tool to treat an HIV patient in China. The patient improved after the procedure and had no side effects. Scientists at Peking University in Beijing used CRISPR to suppress the CCR5 stem cell gene in a particular bone marrow. CCR5 is known to contribute to HIV infection.
