Worldwide Gene Editing Market : Top Key Players are GenScript USA Inc. , Horizon Discovery Group plc , Integrated DNA Technologies, Inc. , Lonza Group Ltd. , New England Biolabs, Inc., OriGene Technologies

Market Research Future published a Half-Cooked research report on “Global Gene editing Market Research Report - Forecast to 2024”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.

Genes control heredity and offers the basic biological code to define the specific function of cell. Cells have unique process to defend themselves from attack from bacteria, viruses and fungi. Gene editing is bimolecular technique for targeted modification of DNA, including genetic materials of animals, plants and humans. In the process of gene editing the DNA is inserted, deleted or replaced in the genome of an organism for the treatment of particular diseases.

Due increasing prevalence of sickle cell anemia, HIV, hemophilia and several forms of cancer the growth of the market is increasing rapidly. Further, rising demand for synthetic genes and increase in the production of genetically modified crops are influencing the growth of growth of the market. The global gene editing market is expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a high growth by 2017. The global gene editing market is expected to grow at a CAGR of 18.30% during assessment period of 2017-2024.

Moreover, the market for gene editing is growing at a robust rate due to growing government support and investment in life science industries. Furthermore, increasing research spending in America and Europe has driven the market in these regions.

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GenScript USA Inc. (U.S.), Horizon Discovery Group plc (U.K.), Integrated DNA Technologies, Inc. (U.S.), Lonza Group Ltd. (Switzerland), New England Biolabs, Inc. (U.S.), OriGene Technologies, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.) are some of the prominent players at the forefront of competition in the Global Gene editing Market and are profiled in MRFR Analysis.

Global Gene Editing Market - Regional Analysis

Global gene editing market is segmented on the basis of geographies or regions which mainly includes North America, Europe, Asia Pacific, and Middle East & Africa. North America is dominating the global market for gene editing with more than 40% share of the total market in 2016. The major factors influencing the growth of the market include due to increasing use of gene editing in for the use of gene therapy, high incidence of cancer and neurological disorders like Alzheimer’s, dementia. Increasing awareness for the use of stem cells furthermore contribute influence the growth of market in Americas.

Asia-Pacific is expected to be the fastest growing market in coming future due to increasing population and rising development in biotechnology sector. This region is presenting huge opportunities in gene editing market due to the rapid development of major genome editing companies and increased R&D spending. Majorly India and China are the key contributors in this market. Globally, India is among the top 12 biotech nations and ranked third in the Asia Pacific region. India has the second-largest number of the U.S. Food and Drug Administration (USFDA)–approved plants, after the United States. The Indian biotech industry accounted for about 2% market share for the global biotech industry. In India the biotechnology industry has more than 800 companies. India contributes around 8% of total global generics market. This factors are driving to increase growth of the market tremendously in this region.

The Middle East & Africa holds the least share of the global market due to limited availability of biotechnology facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.

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Gene editing or Genome editing is a type of genetic engineering where a DNA is inserted, deleted or replaced in the genome of an organism to treat a particular disease. Genes control heredity and provide the basic biological code to determine the specific function of a cell. It is a synthetic modification of chromosomal DNA by using molecular scissors. Cells have a unique mechanism to protect themselves from attack from viruses, fungi and bacteria. Inside each cell lies a group of special proteins, called restriction enzymes. Restriction enzymes cut the DNA of a foreign organism into pieces before it has a chance to damage the cell. These enzymes are just like scissors or termed as molecular scissors.

Gene editing has generated a lot of excitement in academia and drug development. It promise is two-fold: the unique ability to correct genetic mutations that may cause disease; and its utility in creating and controlling genetic information within patient cells. Emerging science suggests that permanently fixing or “editing” mutated cells, or creating safer and more potent cell-based products with this technology could provide curative, one-time treatments for patients suffering from a broad range of diseases.

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North America:

The gene editing market is dominated by North America due to the strong growth trend in the pharmaceuticals and biotechnology industries and is followed by Europe. The North American meat industry is among the largest in the world followed by European and Asia Pacific region. The crop and cattle industry forms the largest consumer of genome engineering services in the region, followed by equine, and canine breeding industry.

Asia:

The Asian region is showing good opportunities in Gene editing market due to the expansion of leading genome editing companies and increased R&D spending. Emerging economies of Asia Pacific and Latin America are expected to show significant growth in the gene editing market due to an increase in the number of laboratories in these regions and development of existing ones for automation of various instrumentation systems. Also the pharmaceutical industries are also rapidly increasing which is also driving the gene editing market in Asia region.

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