The Genome Editing/Genome Engineering Market is expected to grow from USD 4.50 billion in 2019 to USD 12.24 billion by 2026 at a CAGR of 15.37% from 2019 to 2026.
Genomic editing raises to the strategies and techniques applied for the modification of target genetic information of any living organism. Genome editing includes gene modification at specific areas through recombinant technology, which rises precision in insertion and decreases cell toxicity. Current advancement in genome editing is based on programmable nucleases. The market is now witnessing significant development owing to increase in R&D expenditure, rise in government funding for genomic research, technological advancements, and growth in production of genetically improved crops. Companies have made significant investments in R&D in the past few years to develop cutting-edge technologies, such as, CRISPR and TALEN. For instance, Thermo Fisher Scientific is investing significantly in the development of its CRISPR technology for providing better efficiency and accuracy in research and also to fulfil the unmet demands in research and therapeutics. Cas9 protein and FokI protein have been shared to form a dimeric CRISPR/Cas9 RNA-guided FokI nucleases system, which is expected to have wide range of genome editing applications.
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The global Genome Editing/Genome Engineering market has been segmented as below:
By Application
Genetic Engineering
Other Applications
Cell Line Engineering
By End User
Academic & Research Institutions
Contract Research Organization
Biotechnology & Pharmaceutical Companies
By Technology
ZFN
Antisense
Other Technologies
CRISPR
Talen
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Integrated Dna Technologies, Lonza, New England Biolabs, Origene Technologies, Transposagen Biopharmaceuticals, Thermo Fisher Scientific, Merck, Horizon Discovery Group, Genscript, Sangamo Biosciences, and others are among the major players in the global market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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