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(MoneyNewsWire.Net, April 24, 2018 ) The Latin America Genome Editing Market was worth USD 0.31 billion in 2016 and estimated to be growing at a CAGR of 14.92%, to reach USD 0.62 billion by 2021. Genome editing is the deliberate alteration of a selected DNA sequence in a living cell. It involves cutting a strand of DNA at a specific point and naturally existing cellular repair mechanisms are counted on to fix the broken strands. The repair process can be altered so as to make desired changes in the DNA sequence. Genome Editing can be categorized based on whether they result in the loss of function or gain of function.
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Genome Editing has found the most uses in scientific research, for instance in the investigation of human diseases using scientific models. The potential applications of this are much wider than just research. Given that genome editing has the potential to be used in the editing of DNA of any organism, be it bacteria, plants, animals or human beings, the range of possibilities is limitless. Some areas of application worth mentioning include crops and livestock, industrial biotechnology, biomedicine and reproduction.
The key drivers of the Genome Editing Market in Latin America include increased R&D expenditure, growth of biotechnology and pharmaceutical industries and increasing public and private sector funding into the development of the sector. Other factors such as rapid advancements in sequencing and gene-editing technologies, non-labelling of gene-edited products such as Genetically Modified Organisms and various applications in drug discovery. Inspite of the drivers, factors such as the stringent regulatory framework and ethical concerns regarding the edition of human embryo are hampering the market growth. Unavailability of gene-editing based therapeutics in the market and patent disputes are other noteworthy constraints.
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The Latin 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 Latin America market is divided into Argentina, Brazil, Mexico and rest of Latin American nations. The market is one that promises huge promise in the coming years due to the emerging markets in the region. At present, it forms just a small part of the global market share with only Middle-East & Africa generating less revenue than the region. Inspite of the small size, it has the second highest growth rate globally.
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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