Global Genome Editing Market 2018-2022
About Genome Editing
Genome editing is a type of genetic engineering technique that involves insertions, deletions, replacements or modifications of DNA in the genomes of living organisms.
Technavio’s analysts forecast the global genome editing market to grow at a CAGR of 15.6% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global genome editing market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Genome Editing Market 2018-2022
Technavio recognizes the following companies as the key players in the global genome editing market: Genscript, Horizon Discovery Group, Lonza, Merck KGaA, Sangamo Therapeutics, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is global initiatives encouraging proteomics research. To understand proteins through the exchange of knowledge and molecular biology techniques involved in proteomics research, several research and academic institutions are collaborating to launch different crispr cas9 gene editing tools and technology.”
According to the report, one driver in the market is increase in applications of genome editing in therapeutics. The increasing application of genome engineering in treating chronic ailments and therapeutics will be one of the key factors fueling the growth of genome editing market during the next few years. With the continuous prevalence of infectious and chronic diseases such as hepatitis, tuberculosis, malaria, HIV/AIDS, and others, the application of genome editing in treating these ailments has increased considerably in the recent years.
Further, the report states that one challenge in the market is lack of trained laboratory professionals. To obtain reliable results, experiments involving genome editing require accurate analysis and interpretation of results. Correlation of experimental results with the hypothesis of the experiments is equally important.
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