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This market study identifies vendors such as GenScript USA, Horizon Discovery Group, and Integrated DNA Technologies as the key players in the global genome engineering market. This report also presents segmentations based on technology (CRISPR, TALEN, ZNF, antisense technology, and others) and geography (the Americas, APAC, and EMEA).
Market research analysts at Technavio predict that the global genome engineering market will grow steadily and post a CAGR of around 12% by 2020. The extensive use of various technologies like CRISPR/Cas9, TALEN, and ZNF in gene therapy for different genetic disorders and terminal illnesses will be one of the primary drivers for the growth of this market. Gene therapy uses gene modification and RNA guide to repair DNA and modify cells to help cure diseases. These advancements in genome engineering can be used to cure diseases such as immunodeficiency, cancer, viral infection, and genetic diseases. Furthermore, several biotechnology companies will invest in research for new and improved innovations that will change the landscape of rare and terminal diseases, and will also result in better disease management. For instance, the use of ZFN technology to treat HIV patients, which produces HIV-resistant T-cell population, will help cure these patients in the coming years. Such emerging innovations in genomic engineering will result in the growth of this market during the forecast period.
The increasing development of synthetic biology is one of the recent trends in the market. Synthetic biology includes the construction and designing of a new biological system that helps in the recovery of various ailments. The use of synthetic biology will have potential applications in varied fields, especially in the biomedical industry. This form of genetic engineering includes minor modifications that have great impact and helps in the reconstruction of the gene pool. For instance, the introduction of an initiative called the Artemisinin Project is planning to use synthetic biology to help treat malaria.
At present, the market consists of a few established players; however, the level of competition will increase during the forecast period due to the entry of new players. Since a majority of the vendors operate from the Americas and the Western European region, there will be an influx of new R&D labs in China and other APAC countries to extend the customer base. Also, various pharma and biotech companies will focus on the research and development of new products and services, innovations in technology, and opening new labs in different countries to survive the competition in the market.
Leading vendors in the market -
Other prominent players in the market are Lonza Group, New England Biolabs, Sangamo Biosciences, Sigma-Aldrich Corporation, Thermo Fisher Scientific, and Transposagen Biopharmaceuticals.
In 2015, the CRISPR segment was the largest in the market and accounted for almost 45% of the total market share. The extensive use of CRISPR technology helps in the easy, rapid, and efficient modification of genes. Gene alterations made in the primary organism will be permanent in nature and will be passed down to the offspring as well. Also, further research and development will help in the introduction of personalized medicines and cure of rare genetic disorders during the estimated period.
According to the research analysts, the Americas will dominate the market by posting a CAGR of approximately 12% by 2020. The increasing number of private and government institutes investing in and adopting genome engineering technologies will be one of the major factors attributing to the growth of this market in the region. Furthermore, the emergence of advanced technological innovations from countries like Canada and Brazil will also help in the evolution of the market during the period of next four years.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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