Thursday, 25 April 2024
Genome editing is a method of making specific changes to the DNA of a cell or organism. Enzymes cut DNA at specific sequences that, when repaired by the cell, change or "edit" into the sequence
Genome editing, or genome manipulation, or gene editing is a type of genetic manipulation in which DNA is inserted, deleted, modified, or replaced in the genome of an organism. Unlike early genetic engineering techniques, which randomly insert genetic material into the host genome, genome editing directs the insert to a specific location.
The North America genome editing market accounted to US$ 1,234.5 Million in 2019 and is expected to grow at a CAGR of 17.2% during the forecast period 2020 – 2027, to account to US$ 4,148.1 Million by 2027.
Biotechnology is a broad field of biology that utilizes biological systems and organisms to develop or manufacture products. Depending on the tool or application, it often overlaps with the relevant scientific discipline. Biotechnology is the technology of developing or creating various products using biological systems, living things, or parts thereof. Baking brewed bread is an example of a process that is part of the concept of biotechnology (using yeast to produce a desired product).
The North America Genome Editing market is growing along with the Biotechnology industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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According to International Services for the Acquisition of Agricultural Biotechnology Applications (ISAAA), 2017 statistics show that 53 developing countries plant 53%, which is about 100.6 million hectares of global biotechnology hectares. 47% of the five developed countries, which has a share of about 89.2 million hectares. The growth trend of GM crops is expected to grow in the future. In addition, the data revealed that, out of the 24 countries that cultivated biotech crops in 2016, 18 were considered biotech mega countries. About 50,000 hectares of genetically modified crops are grown in these countries. The United States remained the top producer of genetically engineered crops worldwide. The country planted 75 million hectares in 2017, which covered 40% of the world's biotech crop planting. Similarly, Brazil is second with 50.2 million hectares, accounting for 26% of world production.
These factors are expected to offer broad growth opportunities in the Biotechnology industry and this is expected to cause the demand for GENOME EDITING in the market.
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