Gene is the basic biological code that has the record of hereditary developments that controls the functions of cells. Cells possess particular mechanism to defend itself from any external threats and when they fail to do so, the body gets affected by diseases. Gene editing is the process that could alter the existing DNA structure to increase productivity. Applicable to any living beings, this field of study is revolutionizing several sectors including biotechnology and pharmaceutical sectors.
Gene editing is expected to gain significant traction from research and development owing to the increased investment in the sector. At the same time, the pharmaceutical sector is providing significant traction to the gene editing market to develop new drugs in a bid to counter chronic diseases. However, the prospect of the gene editing market could feel threatened as it raises several moral questions and hence, a lot of stipulations have been imposed by several governments.
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Gene Editing Market – Competitive Landscape
The Global Gene Editing Market is getting substantial traction from companies such as DNA Technologies, Inc. (U.S.), Integrated GenScript USA Inc. (U.S.), Lonza Group Ltd. (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), Horizon Discovery Group plc (U.K.), OriGene Technologies, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), New England Biolabs, Inc. (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.) who are involved in intense strategic moves that could benefit both the market as a whole and the company.
In 2019, researchers from the Purdue University developed a new method for gene editing where they would use protein Argonaute from Natronobacterium gregoryi (NgAgo) and send it to DNA as a guide to start modification anywhere on the genome. This could lead to various disease treatment, drug discovery, and better crop production.
Gene Editing Market – Regional Analysis
Geographical analysis of the gene editing market, as studied by MRFR, includes namely, the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). The report has its focus on the growth pockets that could prove vital for the market in the coming years.
Infrastructural superiority, funding from both private & public players, superlative technological, and rapidly rising demand from the healthcare sector are few reasons that are bolstering the claim for the top spot of the Americas. The region is particularly thriving due to the presence of the U.S. The interest shown by researchers in the U.S. is providing sufficient tailwind to the market.
Europe’s growth is primarily depending on the extensive impacts provided by research and development sector. Government funding are playing a crucial role in deciding the regional market’s prospect.
The APAC market, as the report found out, is expected to record the fastest CAGR during the forecast period. The region has merged as a popular destination for many western market players as a lucrative space. Owing to its low labor-cost and affordability of resources, the region is attracting a lot of attention of the western players who are planning to set up facilities to improve the profit margin.
Gene Editing Market – Segmental Analysis
MRFR segmented the Global Gene Editing Market by methods, applications and end-users to understand the market dynamics that could influence it in the coming years. The study has the factual records both volume-wise and value-wise.
By methods, the gene editing market can be segmented into transcription activator-like effector nucleases (TALEN), clustered regularly interspaced short palindromic repeats (CRISPR), antisense technology, zinc finger nucleases (ZFN), and others. The CRISPR segment is quite popular among researchers and is witnessing substantial innovation in the field.
Application-wise, the gene editing market can be segmented into microorganism’s genetic engineering, animal genetic engineering, plant genetic engineering, and gene therapy. The plant genetic engineering is bound to gain traction from the growing demand for agricultural products.
By end-users, the gene editing market can be segmented into biotechnology, pharmaceuticals and contract research organizations. The biotechnology segment is substantially strong owing to the investments the sector is receiving. Demand for drug development is boosting the pharmaceuticals segment.
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