Global "Molecular
scissors/genome editing Market" 2025
Industry research report covers the industry overview with Marketplace Size,
Share, Development, futuristic cost, earnings, demand and distribution data. Its
vast repository offers an analytical summary of the marketplace that can help
to the new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Molecular scissors/genome
editing so that market participants can improve their business strategy and
ensure long-term success. This report provides players with useful information
and suggests result-based ideas to give them a competitive advantage in the
global Molecular scissors/genome editing industry. It will show how other
players compete in the global Molecular scissors/genome editing Market and
explain the strategies you use to differentiate yourself from other
participants.
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Industry Insights
The global 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.
Furthermore, genome editing
is an upcoming stream and biotech & pharmaceutical companies are
collaborating for the enhancement of technology. Several companies are also
involved in product manufacturing either on their own or by the asset of
strategic partners. However, factors such as IP disputes in context with CRISPR
technology and off-target toxicity issues are anticipated to restrain sector
growth.
Technology Insights
Several technologies such
as TALENs/MegaTALs, ZFN, and CRISPR are the latest technologies which are
applicable in the genome editing field. Other methods such as Jump-In, Flp-In,
PiggyBac, and antisense are applicable for genome engineering.
The largest portion was
accounted by CRISPR and is anticipated to rule the industry over the forecast
period. Upcoming advancements in this segment is expected to support in the
projected growth in the coming years.
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.
Competitive Insights
Key market entities include
Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Editas Medicine,
Sangamo, Intellia Therapeutics Inc., CRISPR THERAPEUTICS and Caribou
Biosciences Inc. Some companies are taking benefit of authorizations from
universities for the DNA editing tools application.
These participants are
involved in various approaches such as cross-linking agreements, acquisitions,
and in-house research which permit the novel intellectual property licensing of
innovative proteins.
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