The genome editing/engineering market is projected to scale $5 billion by 2021 from the 2016 figure of $2 billion, growing at a compound annual growth rate (CAGR) of 14%, according to a researchnreport.com study report.
Cell Line Engineering Segment
Global Genome Editing Market is segmented into cell line engineering, animal genetic engineering, plant genetic engineering, and other applications (diagnostics and therapeutics). The cell line engineering segment is estimated to account for the largest share of the global Genome Editing Market in 2016, the report said.
This segment is also projected to have the highest growth rate in the forecast period. A number of factors such as increasing funding from governments and private organizations, growing industry focus on stem cell research, and increasing global awareness about stem cell therapies through various organizations are driving the growth of the cell line engineering applications segment.
The report further said the field of Genome Engineering, the process of artificially introducing the modification to the genetic content of an organism by introducing an artificially constructed piece of DNA of a specific composition into a recipient cell, has witnessed a significant rise in research activities in the past few years. Undertaken with the view of gaining larger clarity about the outcome of genome engineering experiments and finding newer applications of carefully controlled genetic experiments, the number of such research activities is rising at an immense pace.
Factors Driving Demand for Medical Devices
The global Genome Editing/Genome Engineering market holds a core aspect of its demand scales on the rate of patients falling ill or suffering trauma or injuries. Of these, the accelerating spread of contagious diseases is the top factor driving the demand for medical devices. A more specific device type segment of the global market being affected by this rise is in vitro diagnostic devices. Among the number of device types categorized in the market, in vitro diagnostic devices are among the leading ones dominating the market. This is partly due to the growing demand for non-invasive diagnostic practices, of which in vitro devices form a key part of, and partly due to the significantly higher rate of improvement and advancement of technologies in this segment.
The research report, “The competitive scene of the Global genome editing genome engineering market size status and forecast 2022” is introduced in a way suited for players of all sizes inside the market. Regardless of whether a client is a newer contestant or a globally built up one, this report has a great deal of offers for each sort.
The report draws a comprehensive photo of the market and the different key competitions that exist inside it, in view of the number of top players in operation to date and their regions of operations. The report in this way gives profiles of each key player as of now important to the Global genome editing genome engineering market size status and forecast 2022 and permits clients to draw their systems in view of the data exhibited.
The geographical investigation of the Global genome editing genome engineering market size status and forecast 2022 incorporates information on all the real districts related with it. This segment of the report utilizes the center areas dynamics for the market regarding player action and also the general request volume by end users.
The introduction of the drivers, restrictions, and openings prior in the report ends up at ground zero here and helps players understand the potential that each and every area inside the report's parameters holds. With regards to increasing complete favorable position of the drivers and patterns in every district, a client can accomplish the most ideal outcome for their business using this land investigation. For full report, visit researchnreports.com.