Gene Editing Market 2019 Growth with Key Manufacturers Analysis Like GenScript USA Inc., Lonza Group Ltd., Thermo Fisher Scientific, Inc., Transposagen Biopharmaceuticals, Inc. Etc.

The Gene Editing Market is growing by leaps and bounds as the demand for such from both agriculture and healthcare sectors are on the rise. Gene editing is a process that involves insertion, deletion or replacement of DNA in the genome sequence of a living organism which can be achieved by using molecular scissors. It can be applied to both plants and animals.

The life science sector across the globe is expected to benefit much from the engineering technology. Its applications in several areas such as mutation, therapeutics, and agriculture biotechnology are providing traction to the market. The technique has huge opportunity in agriculture as it can better crop production.

The Global Gene Editing Market is expecting a significant rise by 18.30% CAGR during the forecast period (2018-2023). A report published by Market Research Future (MRFR) includes an overview of the market with special emphasis on the segmental analysis and factors that can contribute to the growth of the market. Its use in the healthcare sector to develop new medicines can open up avenues for the gene editing market. The technique has the prospect to treat genetically affected cells, cancer, diseases caused by viruses, bacteria, and parasites.

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However, ethical issues regarding the alteration of the human genome can be seen as a market irritant during the forecast period. At the same time, genetically-edited animals are also raising concerns regarding the quality of products. Despite these factors, gene editing has a colossal prospect in the healthcare sector which can ensure the expected growth in the coming years.

Global Gene Editing Market - Segmentation

To give the insight information on Global Gene Editing Market report, MRFR has segment the report in to 4 key dynamics –

Segmentation By Methods: Comprises Crispr, Talen, ZFN, Antisense technology and other.

Segmentation By End-Users: Comprises biotechnology and pharmaceutical companies, academic and government research institutes, and contract research organizations (CROs).

Segmentation By Applications: Comprises Plant genetic engineering, cell line engineering, animal genetic engineering, plant genetic engineering and other.

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Gene editing Market - Key Players

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.).

Industry News:

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 factor is driving to increase growth of the market tremendously in this region.

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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 of the major factors driving fertility testing market growth in the Asia-Pacific region.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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