The genome editing market is estimated to reach US$ 6.33 Billion by 2022 from USD 2.84 Billion in 2016, growing at a CAGR of 14.3% during 2016 to 2022

Gene editing technologies have an effect across multiple applications areas including animal and plant genetic engineering. The human cell line engineering is very vast which enables the expansion of next generation’s therapies and drugs. However, the farming industry has seen more accomplishment with gene editing techniques mainly due to the less stringent regulatory environment.

The global genome editing market is speedily growing owing to the increased government support & funding for genomics technology, increase in the invention of genetically adapted crops and advancements in technology these all factors are driving the growth of this market. Current progress across genome editing technologies has resulted in the formation of next generation nucleases that have high levels of accurateness when correcting genetic defects and mutations. Gene editing technologies have an effect across multiple applications areas including animal and plant genetic engineering. The human cell line engineering is very vast which enables the expansion of next generation’s therapies and drugs. However, the farming industry has seen more accomplishment with gene editing techniques mainly due to the less stringent regulatory environment.
North America lead the global genome editing market
Owing to the growing research and development works in the US, North America is projected to observe a large increase in its income share in the global genome editing market. The North America market for genome editing was valued at USD1.27 billion in 2015. The growing demand for studies regarding legal, ethical, and social implications of genome editing has led to an increase in genome engineering activities in the region. Europe held the second biggest share in terms of income in the global genome editing market. The growing investment by the European Commission in synthetic natural science and study into its implication is the key driving factor behind the growth of the genome editing market in the region. However, Asia Pacific is projected to emerge as the region showing the fastest growth due to factors such as the mounting government investment in genome editing activities and increasing focus by operating companies on advancements of technology.
Biotechnology and Pharmaceutical Companies to Emerge as Largest End-use Segment
Based on application, biotechnology & pharmaceutical companies accounted for 60% of the overall global revenue in 2015. Several applications of genome editing in medicine discovery and therapeutics contributed to the high growth of the segment. Moreover, the broad therapeutic use of genome editing in the pharmaceutical industry is anticipated to drive its adoption in the future years. The expansion of therapeutics models in genome engineering technology such as CRISPR technology and HIV using ZFN has impelled genome editing companies to invest in higher researches focusing on developing novel techniques for genetic engineering. Academics emerged as the second leading sector in terms of application. Studies and research programs being accomplished by academic institutions about the use of genome engineering methods to treat genetic disease and produce mutants has helped in the development of the segment.


Contact Details

Company Name: Occams Business Research & Consulting Pvt. Ltd.
Issued By: Occams Business Research
Phone: (+91) + 98 505 53315, 0731 4042636
Address: Occams Business Research & Consulting Pvt. Ltd. Phone: (+91) + 98 505 53315, 0731 4042636 Email: sales@occamsresearch.com
City: Indore
State: M.P
Zip: 452001
Country: India
Website: Visit the website

Keywords : Healthcare, Medical Devices,

by Occams Business Research (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.