Minichromosomal Technology Market Scope
Genetic engineering is a scientific tool that is utilised in a wide range of fields, including plant, animal, and human sciences. Plant genetic engineering has revolutionised plant science, with the first generation of transgenic crops being the most widely accepted technique in contemporary agriculture. However, genetic engineering has certain limits, and new methods are still needed to address difficulties such as gene stacking, transgene location effects, and insertion-site complexity. Because of the plasticity of the genome in plants compared to other taxa and the ability to manipulate and analyse such chromosomes throughout the life cycle and at various stages of development, engineered minichromosomes, also known as artificial chromosomes or synthetic chromosomes, are likely to have numerous applications in both basic and applied research. A minichromosome is a very tiny form of a chromosome either through de novo synthesis utilising cloned chromosome components or by telomere-mediated truncation of endogenous chromosomes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher Scientific (United States), Merck KGaA (Germany), Horizon Discovery Limited (United Kingdom), Lonza (Switzerland), GenScript (United States), Eurofins Scientific (Luxembourg), Sangamo Therapeutics (United States), Editas Medicine (United States), CRISPR Therapeutics (Switzerland) and Precision Biosciences (United States) |
CAGR | 6.25% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Minichromosomal Technology market throughout the predicted period.
Thermo Fisher Scientific (United States), Merck KGaA (Germany), Horizon Discovery Limited (United Kingdom), Lonza (Switzerland), GenScript (United States), Eurofins Scientific (Luxembourg), Sangamo Therapeutics (United States), Editas Medicine (United States), CRISPR Therapeutics (Switzerland) and Precision Biosciences (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Oxford Genetics (United Kingdom), Agilent Technologies (United States), Danaher (United States), ToolGen (South Korea) and Genecopoeia (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Minichromosomal Technology market by Type , by Application (Cell Line Engineering, Genetic Engineering, Diagnostic Applications, Drug Discovery & Development and Others) and Region with country level break-up.
On the basis of geography, the market of Minichromosomal Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2023, National Institutes of Health researchers compared a new genetic animal model of Down syndrome to the standard model and found the updated version to be more similar to the changes seen in humans. The new mouse model shows milder cognitive traits compared to a previously studied Down syndrome mouse model. The results of this study, published in Biological Psychiatry, may help researchers develop more precise treatments to improve learning and memory in people with Down syndrome.
In March 2024, Human artificial chromosomes (HACs) capable of working within human cells could power advanced gene therapies, including those addressing some cancers, along with many laboratory applications, though serious technical obstacles have hindered their development. Now a team led by researchers at the Perelman School of Medicine at the University of Pennsylvania has made a significant breakthrough in this field that effectively bypasses a common stumbling block.
Influencing Trend:
Increasing Applications in Biopharmaceutical Segment
Market Growth Drivers:
Rising Government Expenditure Genomics Projects and Growth in Biotechnology Industry
Challenges:
Fierce Competitive Pressure
Restraints:
Lack of Trained Professionals and High Initial Investment
Opportunities:
Increasing Biotech Infrastructure Cross Asian Regions
Key Target Audience
Biotechnology Companies, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others