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The global genome engineering market analyst says increased development of synthetic biology will be a key trend for market growth. Synthetic biology is a process of redesigning and constructing new biological parts that do not exist in the natural world. The increasing R&D expenditure in pharma and biotech companies, increased government funding, and advanced technology in genome engineering, have increased the demand for Synthetic biology The production of synthetic genes is nowadays possible through genome engineering techniques (CRISPR, ZNF, TALEN).Complete report on genome engineering market spread across 69 pages, analyzing 3 major companies and providing 40 data exhibits are now available at http://www.rnrmarketresearch.com/global-genome-engineering-market-2016-2020-market-report.html
According to the genome engineering market report, increased focus on human genomics will be a key driver for market growth. Human genome project has vast potential applications of genetic engineering, and it requires effort to understand and map the DNA of human's when compared to other organisms. To understand and sequence the human genome, the Department of Energy and the National Human Genome Research Institute in the US and their partners in the International Human Genome Sequencing Consortium initiated the Human Genome Project in 1990. The project sequenced only the euchromatic regions that constitute 90% of the genome including 20,000-25,000 genes. The successful completion of the project in 2003 led to improvements in DNA technology.
The CRISPR segment was the largest in genome engineering market and accounted for almost 45% of the total market share. The extensive use of CRISPR technology helps in the easy, rapid, and efficient modification of genes. Gene alterations made in the primary organism will be permanent in nature and will be passed down to the offspring as well. Also, further research and development will help in the introduction of personalized medicines and cure of rare genetic disorders during the estimated period. Order a copy of Global Genome Engineering Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=714433
The following companies are the key players in the global genome engineering market: GenScript, Horizon Discovery, and Integrated DNA Technologies. Other prominent vendors in the market are: Lonza, New England Biolabs, Sangamo BioSciences, Sigma-Aldrich, Thermo Fisher Scientific, and Transposagen Biopharmaceuticals.
Americas will dominate the genome engineering market by posting a CAGR of approximately 12% by 2020. The increasing number of private and government institutes investing in and adopting genome engineering technologies will be one of the major factors attributing to the growth of genome engineering market in the region. Furthermore, the emergence of advanced technological innovations from countries like Canada and Brazil will also help in the evolution of the market during the period of next four years.
Global Genome Engineering Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global genome engineering market for 2016-2020. To calculate the market size, the report considers the revenue generated from the clustered regularly interspaced short palindromic repeats technology.
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