Genome Editing Market 2020 Specification, Growth Drivers, Industry Analysis Forecast – 2029: Addgene, Allele Biotech, Bio-Rad Laboratories

Genome Editing Market Snapshot:

The global genome editing market was valued at USD 3,933.07 million in 2019 and is expected to grow at 14.5% CAGR during the forecast study period.

Genomic editing refers to the strategies and techniques implemented for modifying any living organism's target genetic information. Genome editing includes gene alteration by recombinant technology in different locations, which improves insertion precision and decreases cell toxicity. The genome editing industry is still in the developing phase and will witness numerous growth opportunities in forthcoming years as the key industry players will introduce new technologies.

Genomics finds applications across agriculture, veterinary sciences, and forensics and has developed significantly in recent years among other fields. Since the emergence of next-generation sequencing, the use of genomics in forensic research has increased considerably. This is because NGS enables more information from a trace or damaged DNA sample to be analyzed at-scene and extracted.

The data obtained from genetic testing can be used in the gene-editing process that is proving beneficial for the development of the industry. Increasing pool of market innovators investing significant revenue share on R&D in genome applications is anticipated to drive the global genomics market during the forecast period. The increasing demand for creating and upgrading genome databases and the rising adoption of single cell-based genomic analysis is expected to boost the growth of the genomics market

During this COVID-19 pandemic, market players are striving to offer reagents to clinicians and researchers working on understanding COVID-19 and developing cures for the disease. Genomics products are a critical tool for infectious disease research because they provide a detailed understanding of how the virus infected people, how the immune system is mobilized, which immune cells react to pathogens, and several other aspects of the disease and potential therapies. Genomic data is essential to develop tests, find drugs and vaccines. It is also of utmost importance to find if there has been a mutation of the virus.. All these applications associated with genomics will drive the market growth during the COVID-19 pandemic situation.
Next-generation plant breeding technologies are used to produce improved plant varieties. Breeders can sequence critical traits by genome sequencing and can generate crop varieties capable of producing more yield. Besides, NSG can be used for barcoding DNA to classify fish larvae and eggs, along with a broad overview of fish species, during the fish population assessment. In the same way, genomics is being widely used in food quality and health research as food product genomic testing can efficiently detect micro-organisms that are present in those products.

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The Major Prominent Players Covered in this Report:
Addgene, Allele Biotech, Bio-Rad Laboratories, Inc., Takara Bio Inc., CRISPR Therapeutics, Integrated DNA Technologies, OriGene Technologies, Precision Biosciences, GE Healthcare, GeneCopoeia, Inc., GenScript Corporation, Horizon Discovery Group plc, Merck Millipore Limited, Sangamo Biosciences, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific and Caribou Biosciences, Inc.

Genome Editing Market Segmentation-
By Technology- CRISPR, TALEN, ZFN, By Application- Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering, Other Applications,
By End-User- Pharmaceutical and Biotechnology Companies, Academics and Government Research Institutes, Contract Research Organizations, Other End Users

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Genome Editing in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Genome Editing market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Genome Editing and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Genome Editing. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Recent Development:
In June 2019, BGI signed a partnership agreement with Eluthia, a Germany-based biotechnology company, for the development and commercialization of reproductive genetic tests across Germany. Such collaborations are set to intensify the market competition in the near future.

In 2018, Inscripta Colorado-based biotech acquired Solana Biosciences to ramp up the commercialization of its gene-editing technology. This strategy aims to expand access to CRISPR by offering new enzymes free of charge, and also to bolster research on CRISPR by equipping scientists with a full suite of tools.

Key Questions Answered in The Report:
What will the Genome Editing market growth rate?
What are the key factors driving the global Genome Editing market?
Who are the key manufacturers in the Genome Editing market space?
What are the market opportunities, market risk, and market overview of the Genome Editing market?
What are sales, revenue, and price analysis of top manufacturers of the Genome Editing market?
Who are the distributors, traders, and dealers of the Genome Editing market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Genome Editing Industry?
What are sales, revenue, and price analysis by regions of Genome Editing industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Genome Editing Market Trends:
- The report identifies, determines, and forecasts the Global Genome Editing Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Genome Editing Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Genome Editing Market.

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