Genome Editing/ Genome Engineering Market 14.5% CAGR to 2022 Led by CRISPR Technology - RnRMarketResearch
PUNE, India, November 22, 2017 /PRNewswire/ --
Genome Editing/Genome Engineering Market is forecast to reach $6.28 billion by 2022 from $3.19 billion in 2017 at a CAGR of 14.5% during (2017-2022) driven by rising government funding and growth in the number of genomics projects, high prevalence of infectious diseases and cancer, technological advancements, increasing production of genetically modified crops, and growing application areas of genomics.
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" http://www.rnrmarketresearch.com/genome-editing-genome-engineering-market-by-application-cell-line-engineering-animal-plant-genetic-engineering-technology-crispr-antisense-talen-zinc-finger-nuclease-end-user-biotechno-market-report.html .
The major players in the global genome editing/genome engineering market are Thermo Fisher Scientific (US), Merck (Germany), Horizon Discovery Group (UK), 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).
North America to dominate the genome editing/genome engineering market and is projected to grow at the highest CAGR during the forecast period. The North American region is expected to hold the largest share of the global market in 2017. This regional segment is also expected to grow at the highest CAGR during the forecast period. The large share and high growth rate of this region can be attributed to factors such as the development of gene therapy in the US, increasing use of genetically modified crops, rising prevalence of infectious diseases and cancer, and rising availability of research grants and funding.
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By technology, the genome editing/genome engineering market is segmented into CRISPR, TALEN, ZFN, antisense, and other technologies (PiggyBac, Flp-In, Adenine Base Editor (ADE), and Jump-In). The CRISPR segment is estimated to grow at the highest CAGR during the forecast period. The ease of use associated with the CRISPR technology is a significant advantage over ZFN and TALEN, especially in generating a large set of vectors to target numerous sites or even genome-wide libraries. Another potential advantage of CRISPR is its ability to multiplex, that is, to use multiple guide RNAs in parallel to target multiple sites simultaneously in the same cell. This makes it easier to mutate multiple genes at once or engineer precise deletions in a genomic region.
On the basis of end user, the genome editing/genome engineering market is classified into pharmaceutical and biotechnology companies, academic & government research institutes, and contract research organizations. The pharmaceutical and biotechnology companies segment is estimated to grow at the fastest rate during the forecast period. The increasing prevalence of infectious diseases and cancer are driving research activities worldwide; this is expected to drive the demand for genome editing in biotechnology & pharmaceutical companies.
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The report analyzes the genome editing/genome engineering market and aims at estimating the market size and the future growth potential of this market based on various segments such as technology, application, end user, and region. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
The cell line engineering to dominate the genome editing/genome engineering market during the forecast period. Break of primary participants was as mentioned below:
- By Company Type: Tier 1 - 56%, Tier 2 - 35%, and Tier 3 - 9%
- By Designation: C-level - 27%, Director Level - 15%, Others - 58%
- By Region: North America - 37%, Europe - 23%, Asia-Pacific - 25%, RoW - 15%
Another research titled Animal Genetics Market Global Forecast to 2021 says, the global animal genetics market is projected to reach $5.50 billion by 2021, growing at a CAGR of 8.4% from 2016 to 2021. The live animals segment accounted for the largest share of the animal genetics market in 2015. In 2015, Europe accounted for the largest share to the global animal genetics market, followed by North America, Asia-Pacific, and the RoW. Companies such as Genus Plc (U.K.), Topigs (Netherlands), Envigo (U.S.), CRV Holding B.V. (Netherlands), Hendrix Genetics BV (Netherlands), Groupe Grimaud (France), Neogen Corporation (U.S.), Alta Genetics (Canada), VetGen (U.S.), Zoetis, Inc. (U.S.), Animal Genetics, Inc. (U.S.) have been profiled in this 205 pages research report available at http://www.rnrmarketresearch.com/animal-genetics-market-by-products-canine-equine-poultry-porcine-bovine-and-genetic-material-by-testing-services-dna-sexing-dna-typing-genetic-disease-test-and-others-global-forecast-to-market-report.html .
Explore more reports on Biotechnology Market at http://www.rnrmarketresearch.com/reports/life-sciences/biotechnology .
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