Gene Editing Global Market – Overview
Gene editing has generated a lot of enthusiasm in drug research and development institutes owing to its ability to alter genetic mutations that can cause disease. Market Research Future predicted that the gene editing market will attain a CAGR of 18.30% in forecast period 2017-2023.
The Global Gene Editing Market is growing with the rapid pace; mainly due to the technological advancement in the healthcare sector. According to a recent study report published by the Market Research Future, The global market of Gene Editing Market is booming and expected to gain prominence over the forecast period. The global market of Gene Editing is forecasted to demonstrate a spectacular growth by 2024, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2024).
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Gene Editing Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Gene Editing Market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Technology and services.
The Market demonstrates high growth potential which is likely to attract several new entrant in the market. Further resulting in intensified completion. The Key players operating in the market compete based on pricing, technology, reputation and services. These Players invest heavily in the R&D to develop a technology that is on a completely different level compared to their competition. These Key players strive to develop products with the adept technologies, unrivalled design and features.
The global gene editing market comprises of various key players who are consistently looking to come up with new developments and innovations to further ameliorate the sector and gain a competitive edge over others. Some of the noteworthy companies profiled herein are OriGene Technologies, Inc. (U.S.), GenScript USA Inc. (U.S.), Integrated DNA Technologies, Inc. (U.S.), Lonza Group Ltd. (Switzerland), Horizon Discovery Group plc (U.K.), New England Biolabs, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Transposagen Biopharmaceuticals, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.).
25th Feb 2019, Crispr Therapeutics AG announced the usage of its groundbreaking and highly controversial gene-editing technique CRISPR upon a patient with a debilitating blood disease. This is a highly important scientific and medical milestone for understanding the potential of this technique and its effectivity in treating serious medical conditions.
28th Jan 2019, Researchers from the Gene Editing Institute in Newark, Delaware announced the successful treatment of chemotherapy-resistant lung cancer cells with the help of the CRISPR gene-editing technique. This is monumental as this can lead to less usage of chemotherapy and can subsequently help the cancer patients lead a quality life.
Global Gene Editing Market is driven by the Increased R&D expenditure and growth of biotechnology and pharmaceutical industries, increased funding for genomics research, increasing demand for synthetic genes, global rise in production of genetically modified crops and technological advancements. The restraints of the Gene Editing market is strict regulatory policies and adverse public perception related to genetic research.
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. Its promises are 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.
Gene Editing has various applications such as HIV would be cured by destroying the gene for CCR5. Some researchers are doing experiment and exploring the possibility of using Gene Editing to make heritable changes.
The new technology CRISPR is showing good results in this market. CRISPR is becoming an increasingly routine practice in the world of agriculture. For instance, introduction of mutations or other genetic changes into plants can enhance breeding of certain crops such as rice and wheat. But CRISPR can work beyond improving crops; it has the potential to manipulate mammalian genomes for therapeutic purposes.
Gene Editing Global Market – Segmentation
To give the insight information on Global Gene Editing Market report, MRFR has segment the report in to 4 key dynamics –
Segmentation By Methods : Comprises Crispr, Talen, ZFN, Antisense technology and other.
Segmentation By End-Users : Comprises biotechnology and pharmaceutical companies, academic and government research institutes, and contract research organizations (CROs).
Segmentation By Applications: Comprises Plant genetic engineering, cell line engineering, animal genetic engineering, plant genetic engineering and other.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Gene Editing Global Market – Regional Analysis
The regional analysis comprises of North America, Europe, Asia Pacific, Middle East and rest of the world. 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.
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.
TABLE OF CONTENTS
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5.GLOBAL GENE EDITING MARKET, BY METHODS
5.4 ANTISENSE TECHNOLOGY
5.5 AND OTHERS
6.GLOBAL GENE EDITING MARKET, BY APPLICATION
6.1 ANIMAL GENETIC ENGINEERING
6.2 PLANT GENETIC ENGINEERING
6.3 MICROORGANISMS GENETIC ENGINEERING
6.4 GENE THERAPY
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