The Middle East and Africa Fragrance Ingredients market is estimated to reach USD 1.52 billion by 2021 from a market value of USD 1.17 billion in 2016 at a CAGR of 5.462%
Hyderabad, India -- (SBWIRE) -- 03/14/2018 -- Market Data Forecast has announced the addition of the "Genome Editing Market by Application (Cell Line, Animal Genetic and Plant Genetic Engineering), by Technology (CRISPR, TALEN, ZFN, Antisense and Other Technologies), by End User (Biotechnological & Pharmaceutical Companies, Academic and Government Research Institutes and Contract Research Organizations), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" report to their offering.
Genome editing is a process in which the existing DNA is modified through scientific ways, inside a cell. It is a branch of genetic engineering. In this process, DNA can be deleted, inserted or replaced from a living organism's genome.
It is a very important branch of biology that is growing at a quick pace. This field offers an extensive range of areas for research and development. DNA is the source of information on the genome, and being able to change DNA is a significant application of science.
This branch offers the possibility of removing dangerous mutations in DNA and prevention of disruption to viral DNA. It also encompasses therapeutic values like adding therapeutic transgenes to the genome of a living organism. It plays a very important role in the development of both gene therapy and stem cell engineering.
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Genome Editing Market: Drivers and Challenges
Genome editing is a crucial branch of science and technology in the future. The increase in the research funding, both government and private is a key driver for the growth of the market. Various government schemes that facilitate the establishment of genome editing facilities also act as a positive influence for the market growth. It provides a viable alternative for various uncured diseases like hepatitis B and herpes in the form of its antiviral applications.
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The key challenge faced by the global Genome Editing Market today is the ethical concerns surrounding the alteration of an organism's DNA. The expensive nature of genome editing equipment also restrains the growth of the market.
Some of the major companies in the current Genome Editing market are Genscript Biotech Corporation, Thermo Fisher Scientific, Merck KGAA, Horizon Discovery Group Plc, Sangamo Biosciences and Integrated DNA Technologies.
North America possesses the largest market currently for Genome Editing. Hence it accounts for the biggest share of the global market share. It is followed by Europe, which shows high growth rate after North America. Asia Pacific region provides the huge market potential for expansion in form of emerging markets in countries like India and China.
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Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategic activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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