Gene Editing Market : Eminent Players – Addgene, Allele Biotech, Bio-Rad, Takara Bio, CRISPR Therapeutics, DNA2.0, Edits Medicine, Intellia Therapeutics, Integrated DNA Technologies
Rising demand for genetically modified products will positively influence the industry growth. People in developed economies prefer genetically modified products such as crops, and dairy products derived from biotechnologically engineered animals and plants. GM crops such as rice and soybean offer more nutritional benefits compared to crops grown by traditional farming methods. Moreover, genes in domestic animals are altered to gain large quantities of milk that is utilized in manufacturing other commercial dairy products. Gene editing has been extensively utilized in altering the genome of organisms that will propel the gene editing market growth over forthcoming years.
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Plant engineering segment was valued at USD 549.1 million in 2017 and is predicted to have considerable revenue size over the forecast timeframe. Growth of segment can be attributed to growing demand for genetically modified (GM) crops. Plant engineering technique have growth opportunity in countries with high population that face scarcity of food. Genetic modifications in the crops ensure consistency and high yield. Food supplies become predictive and the genetically modified crops as well as vegetables have longer shelf life that increases their preference thereby, stimulating the segment growth.
CRISPR/Cas9 segment will experience 14.7% CAGR during the forecast timeframe. Increasing demand for CRISPR/Cas9 in altering the genome of organisms to manufacture commercially viable products will drive the segment growth. CRISPR/Cas9 is the latest technology and possess high efficiency. Modifications by using CRISPR/Cas9 can be directly introduced in the RNAs encoding Cas protein that increases process specificity. Therefore, CRISPR/Cas9 is highly preferred in research processes escalating the segment growth.
Biotech and Pharma companies segment accounted for 46% in 2017 owing to the high adoption of gene editing techniques for developing targeted therapies for chronic diseases such as cancer. Growing prevalence of cancer has fostered the demand for targeted gene therapy that is effective in its treatment. Usually leading biotech and pharmaceutical companies involved in manufacturing new drugs and therapies make huge investments in R&D that further triggers the segmental growth.
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Germany gene editing market witnessed 14.4% CAGR in from 2018 to 2024 and is expected to grow significantly over forecast timeframe. Rising prevalence of cancer that increases the demand for targeted gene therapy proves beneficial for the industry growth. Moreover, high awareness regarding availability of genetically modified products will trigger the country growth during the analysis period.
Major industry players in genome editing market includes Addgene, Allele Biotech, Bio-Rad, Takara Bio, CRISPR Therapeutics, DNA2.0, Edits Medicine, Intellia Therapeutics, Integrated DNA Technologies and others. These Industry players adopt strategies such as acquisitions, mergers, and new product launch to sustain industry competition. For instance, in May 2015, Juno Therapeutics and Editas announced collaboration. Editas is one of the leading companies in gene editing and this collaboration has proven beneficial for both the companies as it has provided them with sustainable profits.
Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
126.96.36.199. Paid sources
188.8.131.52. Unpaid sources
Chapter 2. Executive Summary
2.1. Gene editing industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Technology trends
2.1.4. End-user trends
2.1.5. Regional trends
Chapter 3. Gene Editing Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
184.108.40.206. Increased funding for genetic research in North America
220.127.116.11. Increased R&D expenditure and growth of biotechnology sector in Europe
18.104.22.168. Increasing demand for synthetic genes in Asia Pacific and North America
22.214.171.124. Technological advancements in gene editing in North America
3.3.2. Industry pitfalls and challenges
126.96.36.199. Stringent government regulations
188.8.131.52. Lack of public awareness in developing and underdeveloped regions
3.4. Growth potential analysis
3.4.1. By application
3.4.2. By technology
3.4.3. By end-user
3.5. Competitive landscape, 2017
3.5.1. Strategy dashboard
3.6. Porter’s analysis
3.7. PESTEL analysis
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