Genome Editing Market

Genome Editing/Genome Engineering Market worth $6.3 billion by 2022

The increasing government funding and growth in the number of Genome Editing/Genome Engineering Market, increasing the production of genetically modified crops, and the growing application areas of genomics are the key factors driving the growth of the genome editing market. The growth of this market is supported further by the technological advancements in genome editing/genome engineering and the rising prevalence of infectious diseases and cancer.

Browse 96 market data Tables and 42 Figures spread through 164 Pages and in-depth TOC on "Genome Editing/Genome Engineering Market by Technology (CRISPR, TALEN, ZFN), Application (Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering), End User (Biotechnology & Pharmaceutical Companies, CROs) - Global Forecast 2022"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/genome-editing-engineering-market-231037000.html

CRISPR is the largest technology segment in the genome editing/genome engineering market

Based on technology, the market is categorized into CRISPR, ZFN, antisense, TALEN, and other technologies. In 2017, the CRISPR segment held the largest share of this market and was also estimated to witness the highest growth rate during the forecast period. The ability of CRISPR to use multiple guide RNAs in parallel to target multiple sites simultaneously, in the same cell, makes it easier to mutate multiple genes at once or engineer precise deletions in a genomic region. This key advantage is driving the adoption of CRISPR in the market.

The cell line engineering segment is estimated to grow at the highest rate from 2017 to 2022

The applications of genome editing have been classified into genetic engineering, cell line engineering, and other applications (diagnostics and therapeutics). The cell line engineering segment is estimated to grow at the highest CAGR during the forecast period. This segment also held the majority share of the market in 2017. Factors such as the increasing industry focus on stem cell research, growing funding from governments & private organizations, and rising awareness about stem cell therapies are driving the growth of this segment.

North America is the largest regional market for genome editing/genome engineering

North America dominated the genome editing/genome engineering market in 2017. This regional market is also estimated to grow at the highest rate from 2017 to 2022. The growing use of genetically modified crops and the increasing focus on the development of gene therapies in the US are the primary drivers for market growth in this region. Other factors such as the increasing prevalence of infectious diseases and cancer and the growing availability of research grants and funding are also supporting the growth of this market.

Thermo Fisher Scientific (US), Horizon Discovery Group (UK), Merck (Germany), GenScript (US), Sangamo BioSciences (US), Lonza Group (Switzerland), Integrated DNA Technologies (US), New England Biolabs (US), OriGene Technologies (US),Editas Medicine (US), Transposagen Biopharmaceuticals (US), and CRISPR Therapeutics (Switzerland) are some of the key players operating in the genome editing/genome engineering market.

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Report Code
BT 3380
PR Published ON
7/26/2019
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