Gene editing Market Report Forecasts High Growth by 2024

About Gene editing market:

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. It promise is 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 market segmentation:

The gene editing market can be segmented into methods, applications and end-users.

  • Gene editing market by Methods: Crispr, Talen, ZFN, and Antisense technology
  • Gene editing market by Applications: cell line engineering, animal genetic engineering, plant genetic engineering.
  • Gene editing market by End-users: biotechnology and pharmaceutical companies, academic and government research institutes, and contract research organizations (CROs).

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Gene editing market Application:

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.

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Gene editing market growth influencer:

The growth drivers includes: 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 market regional analysis:

The regional analysis comprises of North America, Europe, Asia Pacific, Middle East and rest of the world.

North America:

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.

Asia:

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.

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The reports also covers brief analysis of Geographical Region includes:

Americas

  • North America

US

Canada

Europe

  • Western Europe

Germany

France

Italy

Spain

U.K

Rest of Western Europe

  • Eastern Europe

Poland

Russia

Asia– Pacific

  • Asia

China

India

Japan

Rest of Asia

  • Pacific Countries

Australia

New Zealand

The Middle East& Africa

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand,

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

 

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