Genome editing is a scientific way of modifying DNA of many organisms such as plants, bacteria, and animals. By making changes in DNA it leads to change in physical traits, like eye color, and disease risk. Scientists use different technologies to carry out to remove, add, or replace the DNA where it was edited.
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The market growth is driven by several factors such as growing government initiatives in genome editing field and raising awareness of the genomics. However, a high cost of genomic equipment is restraining the market.
The Global Genome Editing market is segmented by Technology into CRISPR/Cas, TALEN, Zinc Finger Nuclease (ZFN), and Others. The CRISPR/Cas segment accounted for the largest share of the global genome editing market as in 2017 due to its ability to multiply It has the property of mutating multiple genes at a single time in parallel to target multiple sites simultaneously in the same cell.
Advancement in the development of genome engineering technology such as zinc finger nuclease, TALEN, and CRISPR/Cas9 system is contributing in a study of the genomes of various organisms at the functional level easily and accurately.
The major players of global Genome Editing market include Alere Inc, Genscript USA Inc., Thermo Fisher Scientific Inc., Horizon Discovery Group PLC, Merck KGaA, Origene Technologies Inc., Sangamo Biosciences Inc., Transposagen Biopharmaceuticals Inc., Integrated DNA Technologies Inc., and Synbio Technologies.
By applications, the market is segmented into Genetic Engineering (Plant, Animal), Cell Line Engineering, Curing genetic diseases, Drug Discovery and Development, and Others. The cell line engineering segment is accounted for the largest market share of global genome editing market due to several factors such as raising awareness related to stem cell therapies globally, growing stem cell research industry, and raising funds from governments and private organizations.
Further, based on end-user, the market is segmented into Government & Academic Research Institutes, Biotech & Pharmaceutical Companies, and Contract Research Organizations. The biotech & pharmaceutical companies segment is accounted for the largest market share of global genome editing market due to growing research activities for increasing infectious diseases and cancer cases globally.
Geographically, the market is segmented into North America, South America, Europe, Asia-Pacific, and RoW. North America dominates the global genome editing market due to several factors such as the development of gene therapy in the US, increasing cases of infectious diseases and cancer, and growing usage of genetically modified (GM) crops.
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