Genome Editing/Genome Engineering Market INDUSTRY ANALYSIS, SEGMENTS, VALUE CHAIN AND KEY TRENDS 2019-2030
‘’Market Industry Reports (MIR) has published a new report titled “Genome Editing/Genome Engeineering Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report the global genome editing market was valued at over US$ 3.0 Bn. in 2017 and is expected to grow at a double digit CAGR during the forecasted period..’’
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Increasing application of the technology to propel the market growth
Application of the technology for cell line genetic editing or engineering in the form of gene therapy and stem cell therapy accounted for the considerable share and is estimated to register lucrative growth. Furthermore, use of the genome editing technology for the development of novel molecules which can be targeted for treating various diseases such as infectious diseases and hematological malignancies is likely to drive the adoption of the technology in the coming years.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Genome Editing/Genome Engineering Market by Technology (CRISPR, TALEN, ZFN), Application (Cell Line Engineering & Genetic Engineering), End User (Research Centers, Pharmaceutical & Biotechnology Companies, CROs) – Global Analysis & Forecast 2019-2030
Companies are involved in development of the products by the virtue of strategic partnerships. Many companies are taking benefit of developments in DNA engineering technology to develop products for the non-medical purposes.Recently in 2018, Merck, a renowned science and tech company, announced a partnership with China based stem cell research university, Tongji to further expand the field of genome editing.
The players are involved in either in-house research or acquisition of other businesses or cross licensing agreements. The agreements enable the licensing of intellectual property based on novel proteins that may not be affected by arguments in order to continue development.
Some of the prominent players operating in this vertical include Caribou Biosciences, Inc., Editas Medicine, Sangamo, Recombinetics, Inc, CRISPR THERAPEUTICS, Thermo Fisher Scientific, Inc., Intellia Therapeutics, Inc., and The Sigma Aldrich Corporation.
Almost all cells of any living organisms contain DNA which is a kind of molecule that is passed on from one generation to the other during the process of reproduction. Genome Editing or Genome Engineering is the process deliberate alternation of selected DNA in a living cell. The procedure works in such a way that a strand of a DNA is cut at a specific point after which the natural existing cellular repair mechanism fixes the broken DNA strands. The way the new DNA is repaired alters the genetic functions and new DNA sequences can be developed.
Table of Contents
1.1 Research Methodology
1.2 Market Definition
1.3 Market Ecosystem
1.3.1 Market Classification
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
220.127.116.11 Historical Years – 2016 & 2017
18.104.22.168 Base Year – 2018
22.214.171.124 Forecasted Years – 2019 to 2030
1.4 Currency Used for the Study
1.5 Report Beneficiary List
2 RESEARCH METHODOLGY
2.1 Research Framework
2.2 Data Collection Technique
2.3 Data Sources
2.3.1 Secondary Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Bottoms Up Approach
2.4.2 Top Down Approach
2.5 Data Validation and Triangulation
2.5.1 Market Forecasting Model
2.5.2 Limitation of the Study
2.5.3 Assumption of the Study
The Genome Editing market is on a high growth rate due to various factors such as rise ins cancer patients, strong pipeline of products to propel the market forward and increased funding from government as well as private sector. However safety concerns related to the applications and risks about Genome Editing and ethical issues hinder the market growth to a certain extent.
The global genome editing/genome engineering market are segmented by application, technology, end user, and region. The Technology market can be further sub categorized into products such as CRISPR, TALEN and ZFN. The CRISPR technology dominates the largest share in the following segment due to various research projects aiming at producing genetically modified crops, growing acceptance of the technology to name a few. The application market is segments into Cell Line Engineering and Genetic Engineering. The Cell Line Engineering occupies the largest share for this segment owing to various factors such as increased interest in stem cell research and increased funding from the government as well as the private sector. The End-User market is segmented into sub categories such as Research Centers, Pharmaceuticals and Biotechnological Companies and CRO’s. The Biotechnological and Pharmaceutical applications have the largest share in the segment due to increase in cancer cases to name a few.
The geographic representation of the Genome Editing market is represented by regions such as North America, Europe, Asia-Pacific regions and the Rest of the World (RoW). The North American Market dominates as the largest share in the segment due to various reasons such as growing research on Stem cells and stem research for cancer treatments, highly developed healthcare system and a increased funding system from the government as well as the public sector. However it should be noted that Asia-Pacific region may expect a higher CAGR then the rest of the market centered around the regions of India, China and Japan.
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