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Genome Editing/Genome Engineering Market by Technology, Application, End User - Global Forecast 2022

Genome Editing/Genome Engineering Market: Global Forecast

  • November 2017
  • 166 pages
  • ID: 5220258
In this report:
North America is expected to account for the largest share of ##.##% of the global genome editing market in 2017 and is projected to register the highest growth rate of ##.##% during the forecast period.
The CRISPR segment is expected to command the largest share of ##.##% of the global genome editing market in 2017 and is projected to register the highest CAGR of ##.##% during the forecast period.

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"The genome editing/genome engineering market is estimated to rise at a compound annual growth rate of 14.50 percent."

The overall genome editing market is anticipated to rise at a compound annual growth rate (CAGR) of 14.50 percent to reach to ~$6.3B by 2022. The main key factors propelling the increase of this market are growing government funding and increase in the number of genomics projects, high prevalence of infectious diseases and cancer, technological improvements, growing production of genetically modified crops, and increasing application areas of genomics.

"The CRISPR segment is anticipated to grow at the maximal rate during the outlook period."

By technology, the sector is divided into CRISPR, TALEN, ZFN, antisense, and other technologies (PiggyBac, Flp-In, Adenine Base Editor, and Jump-In). The CRISPR segment is intended to grow at the maximal compound annual growth rate (CAGR) during the estimate period. The ease of use combined with the CRISPR technology is a significant advantage over ZFN and TALEN, especially in generating a important 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 area.

"The pharmaceutical and biotechnology companies segment is anticipated to be the quickest increasing end-user segment."

On the basis of end user, the sector is classified into pharmaceutical and biotechnology firms, academic & government research institutes, and contract research organizations. The pharmaceutical and biotechnology companies segment is forecasted to grow at the quickest rate during the outlook period. The rising prevalence of infectious diseases and cancer are driving research activities global; this is predicted to push the demand for genome editing in biotechnology & pharmaceutical companies.

"North America (NA) to lead the genome editing/genome engineering market and is expected to grow at the highest CAGR (Compound annual growth rate) during the estimate period."

The North American area is forecast to hold the biggest share of the overall market in 2017. This regional segment is also anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. The big share and high increase rate of this area can be accredited to Elements such as the development of gene therapy in the USA, growing use of genetically modified crops, increasing prevalence of infectious diseases and cancer, and growing availability of research grants and funding.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1: 56.0 percent, Tier 2: 35.0 percent, and Tier 3: 9.0 percent

• By Description - C-suite: 27.0 percent, D-level: 15.0 percent, Others: 58.0 percent

• By Area - North America continent: 37.0 percent, Europe (EU): 23.0 percent, Asia Pacific (APAC): 25.0 percent, RoW: 15.0 percent

Thermo Fisher Scientific, Merck KGaA, and Horizon Discovery Group are some of the main players operating in the industry.

Segment Research

The industry report examines the sector and aims at estimating the market value and the future increase potential of this market established on several segments including technology, application, final user, and area. The study also comprises an detailed regulatory study for several areas across the world and competitive review of the top actors in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The analysis will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them, collect a larger market share. Companies obtaining the market research could use any one or a combination of the below-mentioned strategies.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on product types provided by the top actors in the overall genome editing/genome engineering market

• Product Enhancement/Innovative products: In-depth understanding on upcoming trends and launches of new product in the overall genome editing/genome engineering market

• Market Development: Highlighted information about the profitable emerging sectors by technology, application, end-user, and area

• industry diversification: Complete information about recent products or products consolidations, increasing geographies, recent evolutions, and market investments in the overall genome editing/genome engineering market

• opposing assessment: Detailed assessment of market shares, increase strategies, and products of leading actors in the overall market

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