Gene Editing Market Research Report, By Methods (Crispr, Talen, Zfn, Antisense Technology And Others), By Applications (Plant Genetic Engineering, Animal Genetic Engineering, Gene Therapy, Microorganisms Genetic Engineering), By End User (Biotechnology, Pharmaceutical, Contract Research Organization) – Global Forecast Till 2023
The Gene-Editing Market Growth is fast gaining leverage from various end user industries owing to which growth would be substantial in the coming years. The forecast period of 2018 to 2023 is all set to witness a substantial hike in the CAGR. Market Research Future (MRFR) discussed the growing demands from pharmaceutical industries for better-personalized medicines, improved diagnostic methods, and swifter treatments, hike in its use in agriculture to develop better crops, and others as possible growth-inducing factors.
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On the flip side, it raises some ethical questions which can deter the gene-editing market growth. However, its growing inclusion will get it back on track.
The global gene editing market would depend substantially on various strategies launched by companies like Horizon Discovery Group plc (U.K.), GenScript USA Inc. (U.S.), Lonza Group Ltd. (Switzerland), Integrated DNA Technologies, Inc. (U.S.), OriGene Technologies, Inc. (U.S.), New England Biolabs, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.).
- Analysts from MRFR have studied the global gene editing market on the basis of method, application, and end user. Inputs and insights from these segments are expected to help the global market in deciding how the market can be shaped in the coming years.
- By methods, the gene-editing market can be segmented on the basis of CRISPR, TALEN, ZFN, Antisense technology and others.
- By application, the gene editing market can be segmented on the basis of animal genetic engineering, microorganism’s genetic engineering plant genetic engineering, and gene therapy.
- By end user, the gene editing market report has been segmented on the basis of biotechnology, pharmaceuticals and contract research organizations.
The global gene editing market is all set to benefit from the contributions made by the Americas. The regional market is set to profit from the research activities in North America where the US and Canada would be playing prominent roles. These countries are known for their superlative facilities that include a top-class infrastructure and reliable influx in investment for various drug-related projects. The regional pharmaceutical industries are thriving and their growth would be bolstered by initiatives taken by both private and public organizations. In Europe, the global market would benefit from the contributions made by major countries like France, Italy, Germany, the UK, and others. These countries share the same prospects like that of the US and Canada.
In the Asia Pacific region, various countries like India, China, Japan, South Korea, Australia, and others would create much demand for the gene editing segment. This is to substantially back the increasing demand from the regional healthcare market. Hike in disposable income is creating a demand for more personalized drugs and better inclusion of gene editing in the agricultural sector to develop better-quality products.
In February 2020, Biogen and Sangamo announced that they are joining hands to develop better gene-editing technologies in a bid to treat diseases like Parkinson’s and Alzheimer’s. Both these diseases are known for their impact on human nerves.
In February 2020, Bill Gates also advocated in favor of the use of gene editing and artificial intelligence in the healthcare sector. This would inspire investors in contributing more funds to develop a better market stand.
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