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Genome Editing Market Size, Share, Development by 2024– Top Key players like Genscript,Lonza,Merck KGaA,Inc.
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Genome editing, or genome engineering is a type of genetic engineering in which DNA is inserted, deleted, modified or replaced in the genome of a living organism. In 2018, the common methods for such editing use engineered nucleases, or "molecular scissors". These nucleases create site-specific double-strand breaks (DSBs) at desired locations in the genome. The induced double-strand breaks are repaired through nonhomologous end-joining (NHEJ) or homologous recombination (HR), resulting in targeted mutations.
The increasing application of genome engineering in treating chronic ailments and therapeutics will be one of the key factors fueling the growth of genome editing market during the next few years. With the continuous prevalence of infectious and chronic diseases such as hepatitis, tuberculosis, malaria, HIV/AIDS, and others, the application of genome editing in treating these ailments has increased considerably in the recent years. According to CDC, there were about 1.8 million new cases of HIV reported in 2016. Such a rapidly increasing number of HIV cases have led to the researchers to work on new gene-based therapies for reducing morbidity and mortality of HIV-infected patients. Consequently, the rise in prevalence of such ailments will impact the demand for novel therapies equipping several genome editing tools in the forthcoming years.
The North American region is expected to hold the largest share of the global market in 2017. This regional segment is also expected to grow at the highest CAGR during the forecast period. The large share and high growth rate of this region can be attributed to factors such as the development of gene therapy in the US, increasing use of genetically modified crops, rising prevalence of infectious diseases and cancer, and rising availability of research grants and funding.
In 2018, the global Genome Editing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
Market Segment by Manufacturers, this report covers
Genscript
Horizon Discovery Group
Lonza
Merck KGaA
Sangamo Therapeutics
Thermo Fisher Scientific
Market Segment by Type, covers
CRISPR
TALEN
ZFN
Market Segment by Applications, can be divided into
Cell Line Engineering
Animal Genetic Engineering
Plant Genetic Engineering
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Related Information:
North America Genome Editing Market Growth 2019-2024
United States Genome Editing Market Growth 2019-2024
Asia-Pacific Genome Editing Market Growth 2019-2024
Europe Genome Editing Market Growth 2019-2024
EMEA Genome Editing Market Growth 2019-2024
Global Genome Editing Market Growth 2019-2024
China Genome Editing Market Growth 2019-2024
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