Genetic engineering is an advanced technology that modifies chromosomal DNA of animals and plants using molecular scissors (such as restriction enzyme that cut DNA into pieces). Genome engineering is now in the forefront of healthcare gaining traction with its use to fight diseases such as cancer, HIV, Malaria, sickle cell diseases.
The global genome engineering market to grow at a CAGR of 12.25% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global genome engineering market for 2016-2020. To calculate the market size, the report considers the revenue generated from the clustered regularly interspaced short palindromic repeats technology. The report also includes a discussion of the key vendors operating in this market.
Increased development of synthetic biology will be a key trend for market growth. Synthetic biology is a process of redesigning and constructing new biological parts, that do not exist in the natural world. The increasing R&D expenditure in pharma and biotech companies, increased government funding, and advanced technology in genome engineering, have increased the demand for Synthetic biology The production of synthetic genes is nowadays possible through genome engineering techniques (CRISPR, ZNF, TALEN).
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Improved specificity of CRISPR technology
- Stringent regulatory policies
- Increased development of synthetic biology
- Horizon Discovery
- Integrated DNA Technologies
Other prominent vendors
- New England Biolabs
- Sangamo BioSciences
- Thermo Fisher Scientific
- Transposagen Biopharmaceuticals
For more information about this report visit http://www.researchandmarkets.com/research/l455w8/global_genome