Gene Editing refers to genetic engineering method used for inserting, removing or modification on genome of any individual. It involves use of mutated genes for various industrial & agriculture usage. Gene Editing has come up as favourable tool with wide established technologies such as TALEN & CRISPR. Gene editing increases accuracy in insertion & decreases cell toxicity.
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Rising awareness of efficacy as well as engineering methods will propel the market. The market is driven by technological advancement like CRISPR technology.Technology advancement is a major driving factor for growth of this market. Rising treatments for cancer and genetic diseases are going to drive the market.Increasing focus on genetically modified organisms by food industry will also be propelling the market. Rising R&D investment by biotech and pharma companies is another factor for market growth. The gene editing technique is used to increase the yield of biological crops.Stringent regulation & ethical concerns for R&D may hinder the market. Lack of awareness regarding gene alteration therapies is likely to hinder the market. Rising concerns for animal welfare and human welfare as alteration of gene for medical purpose may hinder the market. Government regulation may restrain the growth of this industry.
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Major players operating in the market are CRISPR Therapeutics, Sangamo Therapeutics, Editas Medicine, Intellia Therapeutics, Cellectis. Other notable players are Agilent Technologies, Allele Biotech, Bio Rad, Thermo Fisher Scientific, DNA Technologies.
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The Global Gene Editing Market has been segmented based on technology, application, end user and key geographies. Based on technology, the market comprises of Cluster Regularly Interspaced Short Palindromic Repeats (CRISPR), Transcription Activator-Like Effector Nucleases (TALEN), Zing Finger Nucleases (ZFN), Others. The research report “Global Editing Market” provides in-depth analysis Global Editing Market based on raw material, composition, form, application and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Global Editing Market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
- At what pace Global Editing Market is growing? What will be growth trend in future?
- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Editing Market?
- What are the various type, source, application areas and how they are poised to grow?
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