Gene Editing Market Scope
Gene editing refers to the specific changes to be made in human genome. Of late, there has been significant rise in genetic research and in which Cas9–sgRNA has played crucial role. Owing to its ease in use, it has become vital component across the laboratories in the globe. Rising investments in emerging countries coupled with government support is expected to propel the market during forecasted period.
According to AMA, the Global Gene Editing market is expected to see growth rate of 14.8% and may see market size of USD7.83 Billion by 2026.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Gene Editing market throughout the predicted period.
RGen Solutions (United States), New England Biolabs Inc (United States), GeneCopoeia, Inc. (United States), Genscript Biotech Corporation (United States), OriGene Technologies, Inc. (United States), Agilent Technologies (United States) and Lonza Group (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Addgene (United States), Allele Biotech (United States), Bio-Rad (United States), Takara Bio (Japan), CRISPR Therapeutics (Switzerland), Edits Medicine (United States), Intellia Therapeutics (United States) and Integrated DNA Technologies (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 total available market.
Segmentation Overview
The study have segmented the market of Global Gene Editing market by Type (Clustered Regularly Interspaced Short Palindromic Repeats, Transcription Activator-like Effector Nucleases (TALEN), Zinc-finger Nucleases (ZFNs) and Homing Endonucleases or Meganucleases), by Application (Biotechnology Industry, Horticulture Industry, Animal Breeding and Academic and Research Institutes) and Region with country level break-up.
On the basis of geography, the market of Gene Editing 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).
Market Trend
- Growing Use of Fluorophore Tags, Cas9-fusion Proteins and Cas9 Alternatives
- High Adoption of CRISPR Based Technology
Market Drivers
- Growing Prevalence of Chronic Diseases and Cancer
- Rising Expenditure in Research and Development Activities
Opportunities
- Growing Developments in Asia Pacific Owing to Increasing Investment
- Rise in Drug Discovery and Development Activities
Restraints
- Stringent Regulatory Guidelines for Gene Editing
- High Cost Involved in Developments of Gene Editing
Challenges
- Lack of Expertise for Gene Editing Development
- Complexity Involved in Development Processes
Key Target Audience
Pharmaceutical Companies, Raw Materials Suppliers/Distributors, Potential Investors, Market and Research Firms, Government Agencies, Industry Associations and Others