Gene Editing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Sarasota, FL -- (SBWire) -- 03/02/2019 --Global Gene Editing Market: Overview

Gene editing is a genetic engineering discipline in which DNA is inserted, deleted, modified, or replaced in the genome of a living organism. Precisely, gene editing targets the insertions to particular sites in the host gene.

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Global Gene Editing Market: Growth Factors

Technological breakthroughs in the biotechnology sector will escalate the gene editing market growth during the estimated period. Advancements in technology enable availability of gene editing techniques that are efficient enough in the treatment of a particular genetic disease as compared to the conventional therapies. These therapies are highly preferred by researchers and scientists. For instance, recently developed CRISPR-Cas9 systems are being used extensively as it is more accurate, cheaper and efficient than the existing methods.

Increase in funding for genetic research in developed as well as developing countries will augment the gene editing market growth over estimated timespan. Genetic research typically involves studying genes at the molecular level. The data obtained from genetic research can be used in the process of gene editing that proves beneficial for industry growth. Gene editing involves the use of mutated genes for various industrial and agricultural applications.

Global Gene Editing Market: Segmentation

The global gene editing market can be classified into the application, technology, and end-user. Application wise, the market is segmented into Cell Line Engineering, Animal Genetic Engineering, and Plant Genetic Engineering. On the basis of technology, the gene editing market is sectored into CRISPR/Cas9, Zinc Finger Nucleases (ZFNs), and TALENS. Based on the end –user, the gene editing market is segmented into Biotech and Pharma Companies, Contract Research Organization (CRO), and Research Institutes.

Global Gene Editing Market: Regional Analysis

Based on regions, the global gene editing market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is anticipated to dominate the global gene editing market in the near future, owing to increasing awareness of technology, the presence of prominent key players, and early adoption of latest gene editing related treatment alternatives. High market growth in the region can also be attributed to the rising adoption of technologically advanced gene editing techniques amongst the researchers and scientists in the countries such as the U.S. Also, the favorable regulatory scenario will boost the U.S. gene editing industry growth over forthcoming years.

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Asia Pacific market is expected to grow steadily, owing to the slow adoption rate of the latest gene technologies and fluctuating regulatory environment. Nonetheless, the increasing government funding for research activities is expected to drive the Asia Pacific market growth over the years ahead.

Rising government initiatives that support the research and development activities undertaken by pharmaceutical and biotechnology companies in countries such as India will ensure the regional market growth. Moreover, high preference for gene editing techniques for manufacturing BT (Biotechnologically engineered) crops in India will not only foster the growth of Indian gene editing market but will also steer the Asia Pacific gene editing market size in the coming decade.

Global Gene Editing Market: Competitive Players

Some of the key players in gene editing market are Addgene, Allele Biotech, Bio-Rad, Takara Bio, CRISPR Therapeutics, DNA2.0, Integrated DNA Technologies, and others.

Global Gene Editing Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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