Gene Editing Market Overview

However, ethical issues regarding the alteration of the human genome can be seen as a market irritant during the forecast period. At the same time, genetically-edited animals are also raising concerns regarding the quality of products. Despite these factors, gene editing has a colossal prospect in the healthcare sector which can ensure the expected growth in the coming years.

A report published by Market Research Future (MRFR) includes an overview of the market with special emphasis on the segmental analysis and factors that can contribute to the growth of the market. Its use in the healthcare sector to develop new medicines can open up avenues for the gene editing market. The technique has the prospect to treat genetically affected cells, cancer, diseases caused by viruses, bacteria, and parasites.The Global Gene Editing Market is growing with the rapid pace; mainly due to the technological advancement in the healthcare sector. According to a recent study report published by the Market Research Future, The global market of Gene Editing Market is booming and expected to gain prominence over the forecast period. The gene editing market value is expected to grow at a CAGR (Compound Annual Growth Rate) of about 14.7% to reach USD 19.4 billion over the forecast 2022-2030. 

Global Gene Editing Market is driven by the 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 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. Its promises are 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.

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Competitive Analysis:

Integrated DNA Technologies, Inc. (U.S.), GenScript USA Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Lonza Group Ltd. (Switzerland), New England Biolabs, Inc. (U.S.), Horizon Discovery Group plc (U.K.), Sangamo Biosciences, Inc. (U.S.), OriGene Technologies, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.) are major companies of this gene editing market profiled in the report.

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Gene Editing Market Segmentation

The global gene editing market can be segmented by methods, applications and end users for better understanding and analysis.

Based on methods, the gene editing market includes clustered regularly interspaced short palindromic repeats (CRISPR), transcription activator-like effector nucleases (TALEN), zinc finger nucleases (ZFN), antisense technology and others.

On the basis of application, the gene editing market can be segmented into plant genetic engineering, animal genetic engineering, microorganism’s genetic engineering, and gene therapy.

Based on the end-users, the gene editing market comprises biotechnology, pharmaceuticals and contract research organizations.    

Region-specific analysis of the gene editing market includes namely the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

The Americas is the leading with the maximum share of the global market. It is the presence of the U.S. that is impacting the growth the most. Infrastructural superiority, sufficient funding from both private and public bodies, advanced technologies in the research sector are providing a tailwind to the market.

Europe is following the footsteps of the Americas. Similar features have given the regional market prominence. In addition, the presence of several organizations involved in such researches is promoting the market further.

The APAC region is expecting the fastest CAGR during the forecast period. Emerging economies are investing significantly to provide a push to the regional market. Moreover, market behemoths are targeting this location to expand their business as its prospects are quite high owing to cost-effective associated expenditures.

In 2018, scientists at The University of Texas at Austin discovered that in Cas9 the most popular enzyme used in CRISPR gene editing is, in reality, less effective and precise than CRISPR protein named Cas12a. The use of the latter would enhance the speed which is much necessary for such tests.

In March 2018, the United States Department of Agriculture (USDA) announced that the regulatory board would no longer control the genome testing in plants as they believe that it is perfectly safe and brings in new traits much quicker. This is a promising sign for the gene editing market. However, many are still arguing over the credibility of such decision as they believe that perfect process is still miles away.

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