openPR Logo
Press release

Genome Engineering Market - Global Industry Analysis 2025

03-06-2018 07:39 AM CET | Health & Medicine

Press release from: CMI - Research Reports

Genome Engineering Market - Global Industry Analysis 2025

Genome engineering is a process of insertion, deletion, modification or replacement of DNA bases in an organism. Genome engineering has exhibited potential benefits in gene therapy. For instance, various genetic disorders such as Hemophilia, Myotonic dystrophy, Alzheimer’s disease, Sickle cell anemia, Gaucher disease, Cystic fibrosis (involves correction of a single gene) or asthma, autoimmune diseases, cancer, diabetes, and heart disease (involves correction of multiple genes) can be treated using genomic engineering.

Request to view Sample Report: https://www.coherentmarketinsights.com/insight/request-sample/1262

Increasing preference for personalized medicines and research and development is expected to propel growth of the genomic engineering market

Personalized medicine (pharmacogenomics and precision medicine) involves extensive use of genomic engineering for offering drugs specific to the patient’s condition. Companies and patients are opting for personalized medicine, for effective and precise treatment. This is especially applicable to treat chronic diseases such as cancer in which, precision medicine is of high interest to patients and prescribers. This factor is expected to drive growth of the genome engineering market. Pharmaceutical firms are increasingly focusing on genomic engineering for their research and development such as in target identification and validation, and clinical trials. As per the estimation of Pharmaceutical Research and Manufacturers of America (PhRMA), on an average the pharmaceutical industry invests US$ 0.8 to US$ 1.7 billion on research and development to bring one product to the market. Moreover, genome engineering aids in faster development of precision drugs. For instance, Crizotinib, which is an anti-cancer drug to treat lymphoma, was introduced in the market within seven years of research against the normal span of 14 years with the help of genome engineering. Furthermore, lowering cost to sequence the genome to as low as US$ 1,000 as against close to US$ 2 billion for human genome project is also expected to boost growth of the genome engineering market.

Genome Engineering Market Taxonomy

On the basis of technology, the global genome engineering market is segmented into:

CRISPR/Cas9
TALEN (Transcription activator like effector nucleases)
Zinc Finger Nuclease
Anti-sense
rAAV(Recombinant Adeno-Associated Virus)
On the basis of application, the global genome engineering market is segmented into:

Research and development
Pharmacogenomics
Precision oncology
Others
On the basis of end user, the global genome engineering market is segmented into:

Pharmaceutical and Biotechnological Companies
Research and Academic Institutions
Clinical Research Organizations

Browse Research Report At: https://www.coherentmarketinsights.com/ongoing-insight/genome-engineering-market-1262

On the basis of region, the global genome engineering market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to be dominant position in the genomic engineering market. This is owing to increasing research spending and collaboration with genomics firms by pharmaceutical and biotechnological companies in the region In April 2016, AstraZeneca launched project to sequence genome of over 2 million people by collaborating with biotech firm Human Longetivity, Inc., and other academic institutions. In March 2015, Genomics England announced to partner with 10 pharmaceutical and biotechnological companies to develop new diagnostics techniques and treatments for patient with cancers and rare disease, using the genomic sequences gathered through the 100,000 genomes project of Genomics England.

Key players in the market are focusing on acquisition and collaboration strategies for enhancing their market share and expanding their product portfolios. For instance, in January 2018, Sangamo Therapeutics entered into collaboration with Pfizer Inc. for development of zinc finger protease gene therapy to treat amyotrophic lateral sclerosis. Moreover, in December 2017, Horizon Discovery Group plc. Entered into agreement with Roche Diagnostics for development of immunohistochemistry assay. Merck KGaA in 2015 acquired Sigma-Aldrich at US$ 17 billion, now known as Millipore-Aldrich, in order to enhance its product offerings. In April 2017, the FDA re-approved 23andme to provide gene testing services, which would aid in testing the susceptibility of people for particular diseases. 23andme offers first direct-to-consumer gene testing tool kit.

Key players operating in the global genomic engineering market are Genscript Biotech Corporation, Horizon Discovery Group plc, Integrated DNA Technologies, Inc., Sangamo Therapeutics, Inc., Lonza Group, New England Biolabs, Sigma-Aldrich Corporation, Thermo Fisher Scientific, Transposagen Biopharmaceuticals, Inc. Editas Medicine, CRISPR Therapeutics AG, Intellia Therapeutics, Inc., Precision Biosciences, Inc., and Caribou Biosciences, Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Genome Engineering Market - Global Industry Analysis 2025 here

News-ID: 965518 • Views: 259

More Releases from CMI - Research Reports

PoC Platform & Technology Market Research Study for the Period (2017 - 2025)
Point of care (PoC) diagnostic devices are used to obtain diagnostic results while being close to the patient and are commonly used in doctor’s office, hospitals, and in home care settings. These devices are commonly preferred in the home care settings, as they do not require technical expertise and deliver instant feedback on various medical tests. The vast applications of POC platform and technology devices include diagnosis of chronic diseases,
Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by …
Low Temperature Sterilization Equipment Market – Advancing Sterilization Solutions Low temperature sterilization is an effective means to exercise heat and moisture sensitive surgical instrumentation, general equipment, and implant. Low temperature sterilization is used to sterilize unique devices with complex designs or those made of heat and moisture sensitive materials. This type of equipment usually include polymers on cameras, fiber optics, flexible scopes, certain plastics or recyclable invasive medical instruments made of
Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by …
Low temperature sterilization is one of the most commonly used technique for disinfection and sterilization of equipment that are incapable to withstand high pressures and temperature in conventional sterilization techniques such as autoclave and hot air sterilization. Thus, this technique is considered to ideal for devices such as fiber optics, flexible scopes, laryngoscopes, polymers on camera, and others. The commonly used low temperature Technology type is carried out with the
Life Cell Imaging - Market Driver, Outlook, Key Players by 2025
The global life cell imaging industry has observed a notable growth over the last few decades due to significant increase in the demand for life cell imaging techniques for the study of cancer, neuroscience and drug discovery. Cellular imaging involves use of techniques that enable the detection and analysis of cellular organelles and macromolecules through light- or electron-based microscopes. Cell imaging is rapidly evolving as new technologies are being introduced

All 5 Releases


More Releases for Genome

Digital Genome Market: Growing Funding for Genomics
Genomic sequencing technology is rapidly transitioning into clinical practice, and implementation of the same into healthcare systems has been supported by substantial government investment, accounting for ~US$ 4 billion in at least 14 countries. These national genomic-medicine initiatives are driving transformative change under real-life conditions while simultaneously addressing barriers to implement and gather evidence for broader adoption, thereby driving the market growth. The digital genome market was valued at US$ 11,065.31
Genome Editing Market Bringing In impressive Revenues
Genome editing is a technique in genetic engineering that involves inserting, deleting or replacing a DNA into the desired locations into a genome of the living organism to change the phenotype of the organism. Genome editing plays a very significant role in modern day biology and is widely used in biotechnology and biopharmaceutical industry to alter the genome of microorganisms to perform process like the fermentation which yield desired products
Genome Editing Market tremendous demand till 2025
Global Genome Editing Market: Overview Also known as genome editing with engineered nucleases (GEEN), genome editing is a method of altering DNA within a cell in a safe manner. The technique is also used for removing, adding, or modifying DNA in the genome. By thus editing the genome, it is possible to change the primary characteristic features of an organism or a cell. The global genome editing market can be
Genome Editing Market Growth Analysis by 2025
Genome editing is a technique in genetic engineering that involves inserting, deleting or replacing a DNA into the desired locations into a genome of the living organism to change the phenotype of the organism. Genome editing plays a very significant role in modern day biology and is widely used in biotechnology and biopharmaceutical industry to alter the genome of microorganisms to perform process like the fermentation which yield desired products
Genome Engineering Market Share Analysis by 2023
A new study by Transparency Market Research indicates that the degree of competitive rivalry in genome engineering rivalry market is likely to remain moderate over the forecast period owing to the presence of a limited number of international and regional players. Sigma-Aldrich Corporation, Thermo Fisher Scientific Inc., and Sangamo Biosciences Inc. are among the prominent revenue contributors to the market. The entry of small regional players in the arena is
Genome Editing/Genome Engineering Market Size - Industry Analysis Report 2021
Genome Editing/Genome Engineering Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It’s a Database. Inquire Before Buying @ http://bit.ly/2uh3G7k 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