Genome Editing/Genome Engineering Market

Merck (Germany) and Horizon Discovery Group (UK) are the Prominent Player in the Genome Editing/Genome Engineering Market

The global genome editing/engineering market is projected to be valued at USD 3.19 Billion in 2017 and is expected to grow at a CAGR of 14.5% to reach to USD 6.28 Billion by 2022.

Thermo Fisher Scientific (US) is the leading player in the global genome editing market. The company operates in over 50 countries across North America, Europe, Asia, and Latin America. The company’s business segments include Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products & Services. To maintain its position and increase its customer base in the genome editing/engineering market, the company mainly focuses on expanding its market presence by adopting growth strategies, such as acquisitions, partnerships, and collaborations. For instance, in July 2016, Thermo Fisher partnered with healthBioMed (HBM) (China) to support HBM in the development of molecular diagnostics kits. Through this partnership, HBM aimed to develop pharmacogenomics kits and support the precision medicine initiative in China. Furthermore, in March 2016, Thermo acquired Affymetrix (US) to enhance its product portfolio. Moreover, the company invests in R&D activities to increase its depth of capabilities in technologies, software, and services. It invested 5.0%, 4.08%, and 4.09% of its total revenue in 2016, 2015, and 2014, respectively in R&D activities.

Merck (Germany) held the second-largest in the genome editing market. The company has gained a major share in the market on account of its diversified product portfolio, widespread geographical presence, and focus on strategies such as expansions. In recent years, the company has witnessed tremendous growth in revenue in the genome editing business by pursuing the strategy of expansions to strengthen its business position in the market. For instance, in May 2016, the company expanded its viral and gene production facility in California (US) to meet the growing demand for viral and gene therapy products. The company focuses on R&D activities to develop technologically advanced products for this market. In 2016, the company invested USD 2.19 billion (13.1% of its revenue) in R&D activities.

Horizon Discovery Group (UK) is another prominent player in the global genome editing market. The company is a leading supplier of genetically defined cell lines, reporter gene assay kits, genomic reference standards, and contract research services. With a diversified product portfolio, wide geographical reach, and focus on inorganic strategies such as acquisitions, collaborations, and agreements, the company has succeeded in creating a strong foothold in the genome editing market. For instance, in January 2015, Horizon Discovery acquired Haplogen Genomics GmbH, a biotechnology company based in Vienna, Austria. The acquisition provided Horizon with a cell line generation platform. It invested 25.6%, 26.3%, and 18.1% of its total revenue in 2016, 2015, and 2014, respectively in R&D activities.

Other prominent players include GenScript (US), Sangamo BioSciences (US), Integrated DNA Technologies (US), Lonza Group (Switzerland), New England Biolabs (US), OriGene Technologies (US), Transposagen Biopharmaceuticals (US), Editas Medicine (US), and CRISPR Therapeutics (Switzerland).

Related Reports:

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

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
BT 3380
Published ON
Nov, 2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Genome Editing/Genome Engineering Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved