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Gene Editing Market : A Market Study On Gene Editing And Cancer Therapy Techniques

08-28-2018 07:59 PM CET | Health & Medicine

Press release from: Precision Business Insights

Gene Editing Market

Gene Editing Market

Global Gene Editing Market

Precision Business Insights (PBI) in its report titled “Global Gene Editing Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2027” assesses the market performance over 2018-2027. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Gene editing or Genome editing is the type of genetic editing where DNA is inserted, replaced or deleted in the genome of an organism in order to treat a specific disease by using a molecular scissors or engineered nuclease. These nucleases create site-specific double-stranded breaks in desired locations in genome. The induced double-stranded breaks are repaired through non-homologous end joining or homologous recombination resulting in targeted mutations (edits).

Rise in the prevalence in rate of cancer & other genetic disorders, increasing preference in the personalized medicine, companies investments towards R&D, increase in private and public sector funding, rapid advancements in sequencing and gene editing technologies, applications in various drug discovery processes are some of the factors propelling the growth of the genome editing market. However, global gene editing market is hindered by stringent government regulations to approve gene mutation projects, ethical issues, lack of awareness regarding safety of genetic interventions and unavailability of gene editing based therapeutics in the gene therapy cancer market. The global gene editing market is categorized on the following topics-

Zinc Finger Nuclease (ZFN)
Clustered regularly interspaced short palindromic repeats (CRISPR)
Transcription activator-like effector nuclease (TALEN)
Cell Line Editing
Targeted gene mutation
Animal Genome Editing
Plant Genome Editing
Product type
Instruments and Software
Pharmaceutical companies
Biotechnology Companies
Clinical Research Organizations
And lastly on the basis of geographical regions, the genome editing market is divided into five major regions- Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. North America dominates the gene editing market due to the strong growth trend in the pharmaceuticals and biotechnology industries. Emerging economies of Asia Pacific and Latin America are expected to show significant growth in the gene therapy cancer market. This is due to an increase in the number of laboratories in these regions and development of existing ones for automation of various instrumentation systems, the expansion of leading genome editing companies and increased R&D spending.

Some of the key players in genome editing market are Cellectis S.A. (France), Applied Stemcell, Inc. (U.S.), Genscript (U.S.), Merck KGaA (Germany), Horizon Discovery Group plc,(U.K.), Origene Technologies, Inc. (U.S.), Sangamo Therapeutics, Inc.(U.S.), Thermo Fisher Scientific (U.S), and Transposagen Biopharmaceuticals, Inc.(U.S.) are some names. In 2017, Cellectis was granted the European Patent for the invention of the genetically engineering T-cells by adopting RNA-guided endonucleases, such as CRISPR associated protein 9 (Cas9) or Centromere and Promoter Factor 1(Cpf1 ). And in 2016, OriGene Technologies entered strategic agreement with EdiGene (Beijing, China) for the development of genome-wide knockout cells from laboratory cell lines.

Biotechnology and pharmaceutical sectors dominate gene therapy cancer market due to its applications in drug discovery and therapeutics. Many players are adopting various strategies which include collaborations for R&D outsourcing, mergers and acquisitions, strategic or manufacturing activities are propelling the growth of global gene editing market. For example, in 2014, Sigma-Aldrich Corporation (U.S.) entered into an agreement with Broad Institute of MIT and Harvard (U.S.) to use CRISPR technology. High growth potential in emerging regions provides lucrative opportunities to industry players.

For More Information:

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.

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