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(ARABNEWSWIRE.COM, April 16, 2018 ) The Europe Genome Editing Market was worth USD 0.68 billion in 2016 and estimated to be growing at a CAGR of 14.13%, to reach USD 1.32 billion by 2021. Genome editing is a way of making specific changes to the DNA of a cell or organism. By editing the genome of an organism, its characteristics can be changed. An approach commonly used in biological research is modifying the DNA of an organism and observing its impact. This is called reverse genetics and is what Genome Editing is based on.
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Genome Editing uses a special type of enzyme called an engineered nuclease which cuts the genome in the desired place. The cut part will naturally be repaired by the cell which can be manipulated to make changes to the DNA in that location. The changes can be small wherein just a small function of that section of DNA is affected or can be complete removal of a section of DNA. It is also possible to insert a section of DNA into the genome as and when the need for it arises.
The key drivers of the Europe Genome Editing Market include the applications of DNA editing in therapeutics, the use of the technology in disease eradication and alteration of pathogen targets in the host. The ability of genome editing therapies to provide a noteworthy improvement to healthcare services. Other factors affecting the growth include improved efficacy and reduced side effects of disease treatment. Inspite of the multitude of uses, the market still gets hampered by factors such as the high costs associated with genome editing, more specifically the equipment used, and the ethical concerns regarding genome editing which has been brought up by several NGOS.
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The Europe 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 Europe market is analysed under various regions namely Italy, Germany, UK, Spain and France. Europe has the second highest market share globally albeit with less than average growth rate. The highly developed stature of this region can be held responsible for the low CAGR of the 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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