The most recent study conducted by Report Ocean, titled “Global Mutation Detection Kits in Genome Editing Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Mutation Detection Kits in Genome Editing. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global mutation detection kits in genome editing market are valued approximately at USD 126.9 million in 2020 and is anticipated to grow with a healthy growth rate of about 17.3% over the forecast period 2021-2027. Mutation detection kits are medical products which offer a simple method for the identification of insertions and deletions in mammalian cells. Mutation detection kits usually contains all of the reagents which are required for PCR – based identification of insertions and deletions which are generated in genome of the cell treated with engineered nucleases such as ZFNs (zinc-finger nucleases), CRISPR/Cas9 or TALENs (transcription-activator-like effector nucleases).
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Growing adoption of personalized medicine and increasing demand for genetically modified organisms and synthetic genes are some of the factors that are expected to significantly contribute towards the growth of global mutation detection kits in genome editing market during the forecast period. In addition, emerging applications of genome editing technologies in cell and gene therapy area provides lucrative growth opportunities to the market. Also, there has been significant research studies in the market. For instance, in 2021 researchers at Keck Graduate Institute (KGI, U.S.), Vilnius University (Lithuania, Europe) and UC Berkeley (U.S.) developed a handheld device powered with CRISPR (clustered regularly interspaced short palindromic repeats) technology, named CRISPR-Chip.
Researchers combined CRISPR and graphene electronic transistors for the detection of specific gene mutations in a small timeframe. Also, in 2021, a research study was published which stated that TALEN was found to be a suitable tool for compact DNA studies, as per NCBI. Such research studies and developments are expected to fuel further innovations in the market and hence promote the market growth. However, regulatory and ethical challenges regarding the use of gene modified products is expected to hamper the growth of global mutation detection kits in genome editing market during the forecast years.
The regional analysis of the global mutation detection kits in genome editing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global mutation detection kits in genome editing market over the forecast period 2021-2027. Presence of a significant number of market players in the region, investments in research and development, continuous technological developments by key market players etc. supplements the market growth in North America. However, Asia Pacific is expected to emerge as the fastest growing region owing to factors such as rise in the prevalence of different diseases, technological advancements, etc.
Major market player included in this report are:
Thermo Fisher Scientific
Takara Bio Inc.
Integrated DNA Technologies, Inc.
Lucigen
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Promega Corporation
GenScript
Synthego
New England Biolabs
Applied Biological Materials, Inc. (abm)
Bio-Rad Laboratories
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
CRISPR/Cas9
ZFN
TALENs/MegaTALs
Meganucleases
Others
By End-use:
Biotechnology and Pharmaceutical Companies
Academic and Government Research Institutes
Contract Research Organizations
By Region:
North America
U.S.
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Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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