Global Genome Engineering Market – Future Scope Detailed Analysis to 2024
The latest report on Genome Engineering Market (by technology (clustered regularly interspaced short palindromic repeats, and other), application (cell line engineering, animal genetic engineering, and other) and end-user (biotechnology & pharmaceutical companies, academic & government research institutes and others)) provides complete and deep insights into the market dynamics and growth of genome engineering. Latest information on market risks, industry chain structure genome engineering cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential genome engineering growth factors. According to report the global genome engineering market is projected to grow at a CAGR of 11.80% over the forecast period of 2018-2024.
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Genome Engineering Market: Insights
Genome engineering market was worth XX million in 2017 and is projected to reach XX million by 2024. A genome is the genetic material of an organism. Genome engineering or genome editing is a type of genetic engineering in which DNA is inserted, modified, deleted or replaced in the genome of the living organism. Several approaches to genome editing have been developed. A recent one is known as CRISPR-Cas9, which is short for clustered regularly interspaced short palindromic repeats and CRISPR-associated protein 9. Genome editing is of huge interest in the prevention and treatment of human diseases. Currently, most research on genome engineering is done to understand diseases using cells and animal models.
Genome Engineering Market: Drivers and Restraints
Rising prevalence of infectious diseases and cancer and the availability of research grants & funding from the government are the primary factors responsible for driving the genome engineering market. Genome engineering is widely used in biotechnology and pharmaceutical companies, these companies are constantly indulged in research and development activities to prepare an antidote for the various infectious disease and cancer that helps to augment market growth. However, lack of trained professionals and adverse public perception of genetic research is likely to be the restraint for the market growth.
The use of genetic engineering to treat increasingly prevalent chronic diseases and in preparing specialized or personalized medicine can create huge growth opportunities in near future for genome engineering market.
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Genome Engineering Market: Regional Analysis
Geographically, North America is in the leading position among the other regions with a significant market share. The U.S drives the North America genome engineering market, on account of factors such as the development of gene therapy, increasing the use of genetically modified crops and huge government funding for genome engineering research. Europe is expected to grow at the highest CAGR during the forecast period, 2018-2024.
Genome Engineering Market: Segmentation
The report on global genome engineering market covers segments such as, technology, application, and end-user. On the basis of technology the global genome engineering market is categorized into clustered regularly interspaced short palindromic repeats (CRISPR), transcription activator-like effector nuclease (TALEN), zinc finger nuclease (ZFN) and other technologies. On the basis of application, the global genome engineering market is categorized into cell line engineering, animal genetic engineering, plant genome engineering and other applications. On the basis of end-user, the global genome engineering market is categorized into biotechnology & pharmaceutical companies, academic & government research institutes and contract research organizations.
Genome Engineering Market: Competitive Landscape
The report provides profiles of the companies in the global genome engineering market such as, Thermo Fisher Scientific, Merck, Horizon Discovery Group, Genscript, Sangamo Biosciences, Integrated DNA Technologies, Lonza, New England Biolabs, Origene Technologies and Transposagen Biopharmaceuticals.
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Reasons to Buy this Report:
Comprehensive analysis of global as well as regional markets of the genome engineering.
Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.