Genome Engineering Market : Future Demand and Growth Analysis

Due to the presence of a small number of leading international players and few regional players, the competitive rivalry in the global genome engineering market is expected to remain moderate, reports Transparency Market Research in a new study. The market is dominated by three leading companies, Thermo Fisher Scientific, Inc., Sigma-Aldrich Corporation, and Sangamo Biosciences, Inc. These companies together accounted for 73.5% of the overall global revenue in 2014.

The emergence of small regional players in the genome engineering market has impelled the leading companies to focus on innovative product development. They are also focused on the development of differentiated products to maintain their lead in the global as well as regional markets. To produce innovative and technologically advanced products, companies are entering into agreements with research institutes and laboratories and investing in research and development projects.

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Pharmaceutical and Biotechnology Companies to Emerge as Largest End-use Segment

Based on application, pharmaceutical and biotechnology companies accounted for 58% of the overall global revenue in 2014. Numerous applications of genome engineering in drug discovery and therapeutics contributed to the high growth of the segment. Moreover, the wide therapeutic use of genome engineering in the pharmaceutical industry is likely to drive its adoption in the coming years. The development of therapeutics models in genome engineering technology such as CRISPR technology and HIV using ZFN has impelled genome engineering companies to invest in advanced researches focusing on developing innovative techniques for genetic engineering.

Academics emerged as the second largest segment in terms of application. Studies and research programs being conducted by academic institutions regarding the use of genome engineering techniques to treat genetic disorders and produce mutants has helped in the progress of the segment. Thus, the academics segment is anticipated to maintain stable growth in the forecast period.

The leading players in the global genome engineering market are Inc., Sigma-Aldrich Corporation, Thermo Fisher Scientific, Sangamo Biosciences, Inc., Horizon Discovery Group Plc, Lonza Group Ltd., and Integrated DNA Technologies, Inc.

Key Takeaways:

Crop genetic modification to provide lucrative growth opportunities to vendors operating in the global genome engineering market.

North America to lead the global genome engineering market with a value of US$3.68 bn by the end of 2023.

Global genome engineering market to rise at a CAGR of 14.2% during the forecast period.

The genome engineering market has been segmented as follows:

Global Genome Engineering Market, by Technology

Clustered regularly interspaced short palindromic repeats (CRISPR)

Transcription activator-like effector nuclease (TALEN)

Zinc Finger Nuclease (ZFN)

Other Technologies

Global Genome Engineering Market, by Application

Overview

Cell Line Engineering

Animal Genome Engineering

Plant Genome Engineering

Other Application

Global Genome Engineering Market, by End-User

Overview

Pharmaceutical and Biotechnology Companies

Academics

Clinical Research Organizations

Global Genome Engineering Market, by Geography

North America

U.S.

Canada

Europe

U.K.

Germany

Rest of Europe

Asia Pacific

China

India

Rest of Asia Pacific

Rest of the World (RoW)

Latin America

Middle-East & Africa

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