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North America Genome Editing Market to show a lucrative CAGR of 13.98% during the forecast period 2016 -2021

 



(MoneyNewsWire.Net, April 16, 2018 ) The North America Genome Editing Market was worth USD 1.13 billion in 2016 and estimated to be growing at a CAGR of 13.98%, to reach USD 2.18 billion by 2021. Genome editing or gene editing is the insertion, deletion or replacement of DNA at a specific site in the genome of an organism or a cell. It is usually carried out in a laboratory using engineered nucleases which are alternatively called as molecular scissors. There are a number of recognized gene editing methods which have been used effectively in applying in a wide range of tissues and organisms including human cancer cells and IPSCs.

Browse market data tables and in-depth TOC of the North America Genome Editing Market to 2021 @ https://www.marketdataforecast.com/market-reports/north-america-genome-editing-market-2792/

Genome Editing can be categorized based on whether they result in the loss of function or gain of function. In the former, functional forms of a genome are removed and the effect is studied and in the latter new active forms of the genome are introduced and the effect is studied. Some common examples of genome editing are target validation, drug repurposing, studying modulators of gene transcription and identifying lethal synthetic interactions.

The key drivers of the Genome Editing Market in North America include the development of gene therapy in the US and increasing use of GM crops. Other factors driving the market include the high incidence of Alzheimer’s disease, dementia, cancer and infectious diseases. The market is also driven by the growing availability of research grants and funding and the numerous workshops and conferences held on genome editing standards. Inspite of the numerous drivers, the market is hampered by concerns such as ethicality of genome editing as brought up by human and animal rights activists. Additionally, the market is restrained by the concern of toxicity due to nucleases affecting non-target DNA sequences.

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The North America Genome Editing market is broadly classified into Cell Line, Animal Genetic and Plant Genetic Engineering in the basis of application, by technology into CRISPR, TALEN, ZFN, Antisense and Other Technologies and on the basis of end user into Biotechnological & Pharmaceutical Companies, Academic and Government Research Institutes and Contract Research Organizations. Based on geography, the North America market is analysed under USA and Canada. North America is the largest market globally albeit with the second lowest growth rate. The less than average growth rate is deemed acceptable due to the highly developed nature of the market. This is also made up by the fact that 40% of the total market revenue generated from genome editing comes from the North American region.

The Genome Editing market is highly competitive with a large number of players. Some of the major ones are Thermo Fisher Scientific, Merck KGAA, Horizon Discovery Group Plc, Genscript Biotech Corporation, Sangamo Biosciences, Integrated DNA Technologies, Lonza Group Ltd, New England Biolabs, Origene Technologies, and Transposagen Biopharmaceuticals.

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The scope of the report provides:
• The evaluation of the current market for your product or services and the future implications of the market
• Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
• Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
• Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
• The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
• Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
• Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
• Equip you with the information providing with the investment opportunities in the industry

Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.

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