Genetic Engineering Tool Market to Grow with Advancing Biotech Sector During the Forecast Period
Expanding genetic research is driving the growth in
Global Genetic Engineering Tool Market in the forecast period, 2022-2026.
According to TechSci Research report, “Genetic
Engineering Tool Market - Global Industry Size, Share, Trends, Opportunity
and Forecast, 2016-2026”, the global genetic engineering tool market
has a potential to project an impressive CAGR toward future growth in the
period, 2022-2026, on the account of increasing demand for genetically modified
organisms. GMOs have extended applications in the agriculture sector too and
increasing instances of modified plants to enhance their growth, their
resistance from infectious diseases, etc. is further driving the growth of the
global genetic engineering tool market in the upcoming five years.
Also, surging demand for the advanced medication, genomic medicine,
precision drugs, etc. along with the expanding pharmaceutical industry is
supporting the growth of the global genetic engineering tool market in the next
five years. Increasing demand for the gene therapy for the treatment of
diseases like cancer, etc. is also substantiating the growth of the global
genetic engineering tools market in the future five years.
Browse over XX
market data Figures spread through 110 Pages
and an in-depth TOC on "Global Genetic Engineering Tool Market"
https://www.techsciresearch.com/report/genetic-engineering-tool-market/8085.html
The global genetic engineering tool market is segmented on the basis of
type, therapeutic area, end user, competitional landscape, and regional
distribution. Based on type, the market is further fragmented into genome scale
editing tools, and genome scale engineering tools. The market further segments
genome scale editing tools into CRISPR, MAGE, CRMAGE, CREATE, and others.
Clustered regularly interspaced short palindromic repeats (CRISPR) is a
gene editing tool and it is anticipated to hold the largest revenue shares of
the market and dominate the market segment in the upcoming five years due to
its increasing popularity and increased applications in various sectors.
Multiplex Automated Genomic Engineering (MAGE) is gaining recent popularity due
to its efficiency over other methods.
Developed by Wyss Institute at Harvard Medical School, the procedure is much
faster, cheaper, and easier for genetic researchers to create organisms with
novel functions that they can use for a variety of purposes, such as making
chemicals and medicine, developing biofuels, or further studying and
understanding the genes that can cause harmful mutations in humans. Genome scale
engineering sub-segment includes promoter engineering, ribosomal binding site
(RBS) engineering, synthetic small regulatory RNA, and others.
Some of the market players, dominating the global market are:
·
Thermo Fisher Scientific Inc
·
CRISPR Therapeutics AG
·
Editas Medicine, Inc.
·
Intellia Therapeutics, Inc
·
Merck KGaA
·
Horizon Discovery Ltd
·
GeneCopoeia Inc
·
Takara Bio Inc
·
Sangamo Therapeutics, Inc.
·
Genscript Biotech Corporation
These market players along with new market entrants, are focused on
extensive research and bringing innovative and advanced products.
Technologically advanced manufacturing of the pharmaceutical products and
therapeutic processes would aid in decreasing the cost of the production and
aid the players in managing their investments. Moreover, initiatives from the
government and private fundings would support the global genetic engineering
tool market growth indirectly.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=8085
Customers can also request for
10% free customization on this report.
“North America region
is anticipated to dominate the global market analysis on the grounds of most of
the researches based on cancer and other chronic disease treatment being
conducted in the larger economies like the United States, and Canada. Also, the
rapidly increasing market players in the region are supporting the growth of
the global genetic engineering tool market in the upcoming five years.
Additionally, increasing research and development of pharmaceutical products
are further supporting the growth of the global genetic engineering tool market
in the next five years. Moreover, private & governmental investments in the
genetic engineering are further substantiating the growth of the global genetic
engineering tool market in the future five years. Asia Pacific region is also
anticipated to register significant growth in the consecutive five years in future
on the account of sudden increase in the population accounting for higher
demands for high yielding food crops. Technological advancement along with
development of innovative methods of genetic engineering support global genetic
engineering tool market in the future five years. New market players are
advised to conduct extended research and formulate better methods and experiment
kits for their brand establishments,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Genetic engineering tool
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2016-2026 Segmented By Type (Genome Scale Editing Tools {CRISPR,
MAGE, CRMAGE, CREATE, Others} v/s Genome Scale Engineering Tools {Promoter
Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small
Regulatory RNA, Others}), By Therapeutic Area (Sickle Cell Disease, Heart
Disease, Diabetes, Alzheimer’s Disease, Obesity, Others), By End User
(Biotechnology & Pharmaceutical Companies, Academic & Research
Institutions, Others), By Region”,
has evaluated the future growth potential of global genetic engineering tool
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global genetic engineering tool market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com/