Mutation Detection Kits In Genome Editing Market Is Estimated To Register A CAGR Of 17.3% By 2028

Posted by rahul nikade on December 23rd, 2022

Mutation Detection Kits In Genome Editing Industry Overview

The global mutation detection kits in genome editing market size is expected to reach USD 455.1 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.3% from 2021 to 2028. Technological advancements in gene modification technologies, growing adoption of personalized medicine, and increasing demand for synthetic genes and GMOs have majorly driven the market.

Mutation Detection Kits In Genome Editing Market Segmentation

Grand View Research has segmented the global mutation detection kit in genome editing market on the basis of technology by application, end-use, and region

Based on the Technology by Application Insights, the market is segmented into CRISPR/Cas9, ZFN, TALENs/MegaTALs, Meganucleases, Others.

• CRISPR/Cas9 technology dominated the market in 2020 with a share of over 40.0%. The emergence of this technology has revolutionized the field of medical diagnostics and research on genetic testing.
• An increase in the adoption of gene therapy, coupled with the presence of a large number of therapies in clinical trials, is expected to drive the segment. The continuous development of new tools based on CRISPR technology would supplement the market growth.
• The researchers combined CRISPR with graphene electronic transistors in this new device to detect specific gene mutations in a very small timeframe. This device, named CRISPR-Chip, can diagnose genetic diseases in less time and can also be used for the evaluation of the accuracy of genome-editing technologies.
• Limitations associated with the CRISPR technique have resulted in increased applications of TALEN technology in some genomic regions that are hard to edit. A study was published in January 2021, which stated that for compact DNA studies, TALEN was found to be a more suitable tool.

Based on the End-use Insights, the market is segmented into Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, Contract Research Organizations, ,.

• Academic and government research institutes dominated the market with a revenue share of over 50.0% in 2020 owing to the ongoing clinical trials, a rise in the preference of personalized medicine, and R&D activities in clinical diagnostics. Moreover, the outbreak of COVID-19 has served as a catalyst for market expansion.
• Several research institutes across the globe are actively involved in conducting studies to evaluate the use of various genome editing technologies in mutation detection.
• The increasing involvement of biotechnology and pharmaceutical companies is also anticipated to significantly contribute to market growth. With the increasing demand, several key operating players in the market have started the development and manufacturing of advanced mutation detection kits.

Mutation Detection Kits In Genome Editing Regional Outlook 

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Genome-editing technologies have already accelerated new developments across multiple diverse industries. The advent of CRISPR, which offers ease of use and improved efficacy as a precise genome editing tool, has led to the entry of several CRISPR-based companies.

Some prominent players in the global mutation detection kits in genome editing market include

• Takara Bio Inc.
• Thermo Fisher Scientific
• Lucigen
• Integrated DNA Technologies, Inc.
• GenScript
• Promega Corporation
• Synthego
• Applied Biological Materials, Inc. (abm)
• New England Biolabs
• Bio-Rad Laboratories
• Biovision Inc.
• AddGene

Order a free sample PDF of the Mutation Detection Kits In Genome Editing Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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