Genome Editing/Genome Engineering Market Size - Industry Analysis Report 2021
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The genome editing market is projected to reach USD 5.54 billion by 2021 from USD 2.84 billion in 2016, growing at a CAGR of 14.3% in the next five years (2016 to 2021). The genome editing market is undergoing a significant transformation, with the changing landscapes of healthcare, and manufacturing industries. The growth of this market is majorly influenced by the dynamics of these industries.
Factors such as rising government funding and growth in the number of genomics projects, high prevalence rate of infectious diseases and cancer among patients, technological advancements, increasing demand for synthetic genes, growing awareness about genomics, and increasing new product launches by industry players are expected to drive the genome editing market in the coming years. Rise in the production of genetically modified crops is also expected to increase the demand for genome editing. However, the high cost of genomic equipment, shortage of trained professionals, and adverse public perception related to genetic research are restraining the growth of the market to a certain extent.
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Increasing use of genome editing in specialized/personalized medicine and emerging markets in developing countries like Brazil, China, and India are providing various growth opportunities for players in the genome editing market.
In 2016, North America is expected to account for the largest share of the global genome editing market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America is also projected to have the highest growth rate in the forecast period. Factors such as the development of gene therapy in the U.S.; increasing use of GM crops; prevalence of Alzheimer’s disease, dementia, infectious diseases, and cancer in the U.S.; growing availability of research grants and funding, and genome editing standards workshops and conferences are likely to propel the market in North America.
Key Points From Table Of Content:
5 Market Overview
5.2 Market Dynamics
126.96.36.199 Rising Government Funding and Growth in the Number of Genomics Projects
188.8.131.52 High Prevalence Rate of Infectious Diseases and Cancer Among Patients
184.108.40.206 Technological Advancements
220.127.116.11 Increase in Demand for Synthetic Genes
18.104.22.168 Rise in Production of Genetically Modified Crops
22.214.171.124 Increasing Awareness About Genomics
126.96.36.199 New Product Launches By Industry Players
188.8.131.52 High Cost of Genomic Equipment
184.108.40.206 Adverse Public Perception Related to Genetic Research
220.127.116.11 Use of Genome Editing in Specialized/Personalized Medicine
18.104.22.168 Emerging Markets in Developing Countries
22.214.171.124 Off-Target Effect of CRISPR
126.96.36.199 Shortage of Trained Professionals
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11 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
11.1 Thermo Fisher Scientific, Inc.
11.2 Merck KGaA
11.3 Horizon Discovery Group PLC
11.4 Genscript USA Inc.
11.5 Sangamo Biosciences, Inc.
11.6 Integrated DNA Technologies, Inc.
11.7 Lonza Group Ltd.
11.8 New England Biolabs, Inc.
11.9 Origene Technologies, Inc.
11.10 Transposagen Biopharmaceuticals, Inc.
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