USA: November 6, 2019-
Molecular Scissors/Genome Editing Market
size was worth USD 2,585.5 million in 2016 which is anticipated to grow at a
CAGR of more than 13.5% during the forecast period. Application of technology
in the therapeutic genetic editing process of infected tissue and cells
eliminates damage causing mutations, which is expected to enlarge the market
size.
The existence of robust pipeline products is anticipated to
influence progress in genomics sector over the projected period. Innovative
products support the DNA targeting advances with simplicity of AAV packaging
for distribution, specificity of the nuclease, and improved flexibility.
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The largest market share was accounted by gene therapy and
stem cell therapy and is expected to maintain its dominance in the coming
years. Application of innovative technology for the development of novel
molecules that can eradicate infectious diseases and hematological malignancies
are anticipated to promote the approval of this technology over the forecast
period.
End-use Insights
The largest share was attributed by biotechnology
organizations as an enormous amount of research is undergoing for development
of innovative therapeutics by virtue of molecular scissors.
The fastest growth is accounted by government and academic
research institutes in the coming years as the adoption rate is increasing for
genome engineering technology. Moreover, improvement in genome engineering
techniques is expected to quicken its application in research schemes by the
government.
Service Insights
Key market players offer partial services and user-friendly
sets to the stem cell scientists which assist them to perform the engineering
process without compromising the required pluripotency conditions.
Companies, such as Sigma-Aldrich Corporation and Thermo
Fisher offer customized products for cutting the cell lines at specific points,
thereby boosting the growth contract based genome editing field.
Regional Insights
The market was dominated by North America owing to rising
adoption of innovative and improved technologies in the U.S. Moreover, higher
occurrence rate of monogenic disorders is also accountable for the estimated
share.
For instance, cystic fibrosis befalls at an occurrence of 1
in 2,500 deliveries in the U.S thereby resulting in lung and other organ
damage. Furthermore, recently 1,22,000 individuals necessitate organ transplant
which is gradually growing and anticipated to boost growth in the coming years.
Asia Pacific is anticipated to witness substantial progress over the forecast
period due to rising research in personalized medicine in this sector.
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Market Segment
Technology Outlook (Revenue, USD Million; 2014 - 2025)
• (CRISPR)/Cas9
• TALENs/MegaTALs
• ZFN
• Others
Delivery Method Outlook (Revenue, USD Million; 2014 - 2025)
• Ex-Vivo
• In-Vivo
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Cell Line Engineering/ Gene Therapy
• Animal Genetic Engineering
• Plant Genetic Engineering
• Other Applications
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