Global Gene Editing Market | Segmentation, Outlook, Industry Report to 2025
Posted by nabeel on February 11th, 2021
The global gene editing market is estimated to grow at a significant CAGR of over 14% during the forecast period. The market growth is attributed to the increasing prevalence of genetic disorders, increasing demand for precision medicines, and a significant rise in the R&D expenditure by the industry players. Some of the players operating in the global gene editing industry include GenScript Technologies Corp., Merck KGaA, Integrated DNA Technologies Inc. (Danaher Corp.), Horizon Discovery Group PLC, Sangamo Therapeutics Inc., Thermo Fisher Scientific Inc., and CRISPR Therapeutics AG, among others.
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The players are majorly focusing on CRISPR technology in the global gene editing market. With the increasing importance of CRISPR technology, players such as Thermo Fisher Scientific Inc. has established presence in diversified life sciences markets, which has vanished the risk and dependency on any business segment. The company has a robust product line which enables it to further strengthen its position in the global gene editing market. in June 2017, the company launched a program of four-day lecture-based and hands-on CRISPR and TALEN genome-editing workshops at its global training facilities.
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CRISPR Therapeutics AG is another major player operating in the global gene editing market. The company uses the CRISPR gene-editing method. The lead candidate of the company CTX001, is currently in phase 1 clinical studies, and it targets blood diseases such as beta thalassemia and sickle cell disease (SCD). In June 2019, Vertex Pharmaceuticals Inc. expanded its collaboration with CRISPR Therapeutics and completed the acquisition of Exonics Therapeutics to enhance its gene editing capabilities for the development of novel therapies for Duchenne Muscular Dystrophy (DMD) and Myotonic Dystrophy Type 1 (DM1).
Through the expanded collaboration with CRISPR and the acquisition of Exonics, the company is aimed at bringing together the intellectual property, technologies, and scientific expertise needed for establishing a leading gene editing platform for DMD and DM1.
Global Gene Editing Market Segmentation
Global Gene Editing Market – Segmentation by Region
Rest of the World
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About the Authornabeel
Joined: November 26th, 2020
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