Gene Editing Market - Global Trends, Demand, Size, Share, Research and Forecast

 Gene editing has generated a lot of enthusiasm in drug research and development institutes owing to its ability to alter genetic mutations that can cause disease. Market Research Future predicted that the gene editing market will attain a CAGR of 18.30% in forecast period 2017-2023.

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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.

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.

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.

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.

The application segmen of the gene editing market can be classified into animal genetic engineering, plant genetic engineering, gene therapy, and microorganism’s genetic engineering.

Moreover, based on the end-users, the gene editing market is bifurcated into contract research organizations, biotechnology, and pharmaceuticals.  

Regional Analysis

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. In addition, market giants’ focus on this region to expand their business owing to the prospects are quite high due to the associated profitable costs.

Major Players

Most of the major regional players in the gene editing market are focused on increasing the reach and connectivity of their products with the help of national gene editing device distributors. 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., and Transposagen Biopharmaceuticals, Inc. 

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.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Gene Editing Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

 Gene editing, genome editing, or genome engineering is a type of genetic engineering in which the gene of a particular organism is modified, added, or deleted for treatment of particular diseases. Early methods of gene editing have led to the insertion of the genome sequence within the cell such as homologous recombination. The global gene editing market report compiled by Market Research Future (MRFR) takes a look at various methods and its future potential for the period of 2018 to 2023 (forecast period).

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Market Scope

The global gene editing market is predicted to expand at 18.30% CAGR during the forecast period. It can thrive by modifying the DNA of livestock to increase their immunity or defenses against certain bacteria. Gene-editing therapies on animals and their approval from regulatory bodies can bode well for the market. Furthermore, prevalence of cancer, hemophilia, HIV, and sickle cell anemia will drive the demand in the global market.

Applications in pet breeding, allergy-free foods, biodiesel, and others can drive the technological usage of CRISPR-Cas9. The use of gene editing techniques to remove mutations in DNA of companion animals and improve their overall health will be lucrative for manufacturers in the coming years. Prevalence of lactose intolerance and celiac disease is bound to spur the need for such technologies and drive the production of allergen-free foods.

Strict regulations pertaining to the technology and adverse public perception may restrain the global gene editing market growth. 

Segmentation

The global gene editing market is segmented on basis of methods, applications, and end users. 

Based on methods, the market is segmented as Antisense technology, ZFN, CRISPR, TALEN, and others.

On the basis of application they are segmented as gene therapy, plant genetic engineering, animal genetic engineering, and microorganism’s genetic engineering. 

On the basis of end users, the market is segmented into contract research organizations, biotechnology, and pharmaceuticals.    

Regional Analysis

On the regional basis, the market is segmented into Americas, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA).

The Americas are predicted to dominate the market owing to developments in drug discovery, investments in drugs and vaccines, rise in research studies, and mushrooming of the biotechnology sector. The increase in research expenditure, incidence of chronic diseases, and use of stem cells are major drivers of the market. The U.S., in particular, will drive the market growth till 2023. Sale of do-it-yourself (DIY) genetic engineering kits can lead to research at home and create interest among budding scientists. However, the ban on the sale of such kits may hamper its growth.

APAC, on the other hand, is likely to display the fastest growth rate during the forecast period owing to funds invested in public research organizations to further research in biotechnology. Establishment of gene editing companies and increased spending on research and development can fuel the market growth. Production of generic drugs and presence of contract research organizations will bode well for the global gene editing market.

Competition Outlook

Horizon Discovery Group plc, New England Biolabs, Inc., Sangamo Biosciences, Inc., Lonza Group Ltd., OriGene Technologies, Inc., Thermo Fisher Scientific, Inc., Transposagen Biopharmaceuticals, Inc., GenScript USA Inc., Integrated DNA Technologies, Inc., and Sigma-Aldrich Corporation are premier biotechnology companies in the global gene editing market. Sharing of technology, mergers and acquisitions, and partnerships are on the rise in the market. Recently, Horizon Discovery Group has decided to share a customized version of the CRISPR technology with its partners for the development of cell therapies.

Industry News

The Wyss Institute for Biologically Inspired Engineering at Harvard University and Cytosurge AG have decided to collaborate on introducing multiple edits of the DNA of single cells in CRISPR technology. This can drive forward the applications of cell lines in biopharmaceutical, pharmaceutical, and clinical sectors.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Gene Editing Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2023

 Genes control heredity and provide the basic biological code that determines the specific function of the cell. Gene Editing is defined as a bimolecular method for targeted modification of DNA that includes genetic materials of animals, humans, and plants. Market Research Future (MRFR) has published a research report about the global gene editing market that anticipates enormous expansion for this market with 18.30% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023.

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Analyzing the market structure, this report offers insights about factors affecting the market growth. Providing historical and forecast revenue, it evaluates market size. Profiling the key players in the market, this report covers and observes their competitive developments that include joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances.

The key factor driving the global gene editing market is the ability to change the disease-causing genetic mutations. This method helps to create and control genetic information within patient cells. Therefore, now gene editing is important for both drug discovery as well as diagnostics. The precision medicines based on gene editing-based diagnostics are driving the growth of the market. However, the adverse public perception related to genetic research and strict regulatory policies by the government can hamper market growth.

The global gene editing market has been segmented on the basis of applications, end user, methods, and lastly, region. Based on the applications, this market has been segmented into animal genetic engineering, gene therapy, microorganism’s genetic engineering, and plant genetic engineering. In the context of the end user, the market has been segmented into biotechnology, pharmaceuticals and contract research organizations. The method-based segmentation segments the market into Antisense technology, clustered regularly interspaced short palindromic repeats (CRISPR), transcription activator-like effector nucleases (TALEN), zinc finger nuclease (ZFN).  

The regional segmentation of the global gene editing market segments the market into the continent-based regional markets namely The Americas (North America & South America), Asia Pacific, Europe, and Middle East & Africa (MEA). In the Americas, North America is a bigger market than South America due to advanced technology and better healthcare facilities. The Americas is the largest regional market as North America alone holds the potential to be the largest market due to its strong economies namely the United States of America (USA) and Canada. North America is a powerful market due to the presence of many major market players in this region, especially in the USA. In North America, the reasons for market growth include the development of the biotechnology sector, a huge development in drug discovery research, and an increase in the number of research studies.

Europe is another important market because here, investment in the advancement of technology for better treatment solutions has always been regular. After North America, Europe has the most advanced medical facilities. Due to the reasons same as The Americas, Western Europe as a market is bigger than Eastern Europe. In Europe, the most important country-specific markets are France, Germany, Spain, Italy, and the United Kingdom (UK), followed by the rest of Western Europe.

According to the report, the Asia Pacific is expected to witness the highest growth rate for the life science market. Increasing government support can boost biotechnology sector for better treatment of diseases. The primary country-specific markets in this region are Australia, China, India, Japan, and South Korea, followed by the rest of Asia Pacific. The MEA region is a small market due to lack of awareness, lack of education, lack of technological development, political instability, poor healthcare facilities, and healthcare not considered a priority by most governments.

Key Players

The key players in the global gene editing market include GenScript USA Inc. (USA), Horizon Discovery Group PLC (UK), Integrated DNA Technologies Inc. (USA), Lonza Group Ltd. (Switzerland), New England Biolabs Inc. (USA), OriGene Technologies, Inc. (the USA), Sangamo Biosciences, Inc. (the USA), Sigma-Aldrich Corporation (USA), Thermo Fisher Scientific, Inc. (the USA), and Transposagen Biopharmaceuticals, Inc. (USA).

Latest Industry News

• Japan is set to approve a controversial gene editing of human embryos. 7 OCT 2018

• ERS Genomics Limited and DefiniGEN Ltd has signed a license agreement to provide DefiniGEN with access to ERS Genomic’s CRISPR/Cas9 genome editing technology patents. 1 NOV 2018

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Gene Editing Market Sales, Challenges, Business Revenue, Statistics, Size, Share, Key Players, Demand and COVID-19 Impact

 Global Gene editing Market - Overview

Genes control heredity and offers the basic biological code to define the specific function of cell. Cells have unique process to defend themselves from attack from bacteria, viruses and fungi. Gene editing is bimolecular technique for targeted modification of DNA, including genetic materials of animals, plants and humans. In the process of gene editing the DNA is inserted, deleted or replaced in the genome of an organism for the treatment of particular diseases.

Due increasing prevalence of sickle cell anemia, HIV, hemophilia and several forms of cancer the growth of the market is increasing rapidly. Further, rising demand for synthetic genes and increase in the production of genetically modified crops are influencing the growth of growth of the market. The global gene editing market is expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a high growth by 2017. The global gene editing market is expected to grow at a CAGR of 18.30% during assessment period of 2017-2024.

Moreover, the market for gene editing is growing at a robust rate due to growing government support and investment in life science industries. Furthermore, increasing research spending in America and Europe has driven the market in these regions.

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Global Gene editing Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global market of gene editing appears to be highly competitive and fragmented. With well-established market in the North America region major companies like Thermo Fisher Scientific Inc, Sigma-Aldrich Corporation, New England Biolabs, Genscript Biotech Corporation, Integrated DNA Technologies, Inc and various others have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover, the other small and medium scale players are generating revenue from local market.

Thermo Fisher Scientific Inc. an American international biotechnology company founded in 2006 by the merger of Thermo Electronic and Fisher Scientific. In Feb 2014, the company announced the complete acquisition of Life Technology Corp for USD 76.13 Billion. Life Technology Corp is a global leading player in genetic testing and precision laboratory equipment. New instruments in Gene editing technology are Ion S5 sequencing systems, Sanger sequencing, QuantStudio family, QuantiGene Plex Assay, QuantiGene Singleplex Assay and QuantiGene Singleplex HT Assay. This acquisition will help the company create unrivalled control in serving research, life sciences, specialty diagnostics and applied markets.

Global Gene Editing Market - Regional Analysis

Global gene editing market is segmented on the basis of geographies or regions which mainly includes North America, Europe, Asia Pacific, and Middle East & Africa. North America is dominating the global market for gene editing with more than 40% share of the total market in 2016. The major factors influencing the growth of the market include due to increasing use of gene editing in for the use of gene therapy, high incidence of cancer and neurological disorders like Alzheimer’s, dementia. Increasing awareness for the use of stem cells furthermore contribute influence the growth of market in Americas.

Asia-Pacific is expected to be the fastest growing market in coming future due to increasing population and rising development in biotechnology sector. This region is presenting huge opportunities in gene editing market due to the rapid development of major genome editing companies and increased R&D spending. Majorly India and China are the key contributors in this market. Globally, India is among the top 12 biotech nations and ranked third in the Asia Pacific region. India has the second-largest number of the U.S. Food and Drug Administration (USFDA)–approved plants, after the United States. The Indian biotech industry accounted for about 2% market share for the global biotech industry. In India the biotechnology industry has more than 800 companies. India contributes around 8% of total global generics market. This factors are driving to increase growth of the market tremendously in this region.

The Middle East & Africa holds the least share of the global market due to limited availability of biotechnology facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.

GenScript USA Inc. (U.S.), Horizon Discovery Group plc (U.K.), Integrated DNA Technologies, Inc. (U.S.), Lonza Group Ltd. (Switzerland), New England Biolabs, Inc. (U.S.), OriGene Technologies, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.) are some of the prominent players at the forefront of competition in the Global Gene editing Market and are profiled in MRFR Analysis.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com Blog: https://healthcarenews12.blogspot.com/