World Genome Editing Market to Exceed USD 2.66 Bn through 2022, Says IQ4I in Its New Report Recently Uploaded at MarketPublishers.com29 Sep 2016 • by Natalie Aster
LONDON – Since the establishment of the genetic basis of life, numerous researches worldwide have made attempts to genes in animals and plants to improve traits. Gene modification technique has gone through a continuous evolution beginning from restriction endonucleases, RNAi technologies and transgenic breeding up to the currently available engineered endonucleases. During the past several decades, technologies for isolation, identification, sequencing, integration and replication of desired genes in target organisms have transformed tremendously and also emerged as one of the most significant and exciting areas of scientific endeavour.
The world’s market for genome editing is predicted to continue following an upward trend in the years ahead, registering a double-digit CAGR through 2022. The value of the global genome editing market is likely to exceed USD 2.66 billion by 2022. Major factors propelling growth in the world genome editing market include increasing R&D expenditures, upsurge in pharmaceutical and biotechnology industries, rising public and private sector funding, non-labeling of gene-edited products as GMOs, rapid advancements in gene editing and sequencing technologies, expanding applications in different drug discovery processes, amid others. However, some threats like stringent regulations, enhancing concerns associated with editing human embryo and also adverse public perception, off-target effects of CRISPR, unavailability of gene-editing based therapeutic options in the marketplace and also patent disputes associated with CRISPR technology.
Presently, North America takes lead in the world’s genome editing market with the biggest share, which is spurred by factors like enhancing awareness of technology, early adoption of latest treatment options and also proximity of companies. Through 2022, the Asian market is likely to hold the second position owing to rising government funding of economic prosperity, research, early adoption of latest technologies and also relaxed regulatory landscape.
New topical report “Genome Editing Global Market - Forecast to 2022” prepared by IQ4I Research & Consulting Pvt. Ltd. gives a deep guide to the word’s market for genome editing, uncovers reliable data on the market dynamics and touches upon the top trends. It discloses details of the recent industry developments, describes the regulative environment, contains insights into the competitive landscape, discusses the most important issues and aspects. Additionally, the report contains detailed forecasts for the global genome editing market through 2022.
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