(PharmaNewsWire.Com, October 05, 2017 ) The Global Genome Editing Market was worth USD 2.83 billion in 2016 and estimated to be growing at a CAGR of 14.42%, to reach USD 5.55 billion by 2021. Genome editing Industry is the procedure of modifying DNA within a cell, accurately and efficiently in order to make an organisms life functions enhanced. It is a form of genetic engineering wherein, DNA is inserted or replaced or even deleted from the genome of a living organism, using genetically engineered nucleases. It is a vital and emerging field in biology that offers a lot of scope for research and development as well.
Applications of genome editing include therapeutic genetic editing as well in infected cells and tissues, thereby removing dangerous mutations, disruption of viral DNA and addition of therapeutic transgenes. It also plays a pivotal role in the future development of stem cell engineering and gene therapy. Additionally, antiviral applications for therapy of uncured diseases such as HIV, herpes and hepatitis B are also under research.
The major factors affecting the Genome Editing market include the increasing use of genetically modified crops and the technological advancements in the field. The willingness of the government to provide ample funding for further research and development in the area is yet another booster to the market growth. Even though the market is expected to grow vastly in the future years, it is hampered by factors such as the high costs associated with genomic equipment and ethical concerns regarding the modification of and organisms DNA.
The Global Genome Editing market is broadly classified into Cell Line, Animal Genetic and Plant Genetic Engineering in the basis of application, by technology into CRISPR, TALEN, ZFN, Antisense and Other Technologies and on the basis of end user into Biotechnological & Pharmaceutical Companies, Academic and Government Research Institutes and Contract Research Organizations. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Genome Editing Market is dominated by North America in 2016 with the region accounting for 40% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.
The Genome Editing market is highly competitive with a large number of players. Some of the major ones are Thermo Fisher Scientific, Merck KGAA, Horizon Discovery Group Plc, Genscript Biotech Corporation, Sangamo Biosciences, Integrated DNA Technologies, Lonza Group Ltd, New England Biolabs, Origene Technologies, and Transposagen Biopharmaceuticals.
Market Segmentation
1) Application Introduction Cell Line Engineering Animal Genetic Engineering Plant Genetic Engineering Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
2) Technology Introduction CRISPR TALEN ZFN Antisense Other Technologies Growth Analysis, By Technology Market Attractiveness Analysis, By Technology Market Share Analysis, By Technology
3) End User Introduction Biotechnological & Pharmaceutical Companies Academic and Government Research Institutes Contract Research Organizations Y-o-Y Growth Analysis, By End User Market Attractiveness Analysis, By End User Market Share Analysis, By End User
Scope of the Report Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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