Genetic Engineering Market Overview
Several attributable factors to the growth of the global genetic engineering market include various emerging technologies and innovations in the healthcare and medicine sector, proliferated the use of genetic engineering in various countries and upscaling noted in the stem-cell division. For the various strategies adopted by market players, including mergers and acquisitions, to gain a higher share in the global genetic engineering market is likely to fuel sizeable growth over the forecast period.
Genetic engineering refers to the manipulation of genes in an organism of species to enhance various abilities. This technology is used by biotechnology companies, pharmaceutical companies, and clinical research organizations. In medicine, gene therapy is prominently used for the treatment of cancer and various infectious diseases and disorders. The global genetic engineering market is anticipated to expand at 14.5% CAGR during the forecast period of 2018-2027.
Market segmentation
The global genetic engineering market report by Market Research Future includes a detailed analysis based on devices, product, application, end users, technique, and region. Different devices studied in the global genetic engineering market include biochemicals and genetic markers. Within biochemicals, different products such as restriction enzymes and RNAase are included in the report. Different restriction enzymes analyzed in the report areDNAase, metazoans, and micrococcal nuclease. RNAase is further divided into metazoans, RNase A, RNase H, and RNase III.
Within genetic markers, different products studied include RFLP (Restriction Fragment Length Polymorphism), AFLP (Amplified Fragment Length Polymorphism), and SSLP (Simple sequence length polymorphism).
Global genetic engineering market has been studied for various devices including PCR, gene gun, and gel assemblies. Different techniques used for genetic engineering include cloning, gene splicing, and artificial selection. Various applications of genetic engineering are found in agriculture, forensic science, and the medical sector. Within agriculture, genetic engineering is applied in golden rice and Bt- cotton, among others. In the medical industry, applications of genetic engineering include recombinant proteins and recombinant antibodies.
Genetic engineering is widely conducted by end users like research institutes, pharmaceutical industries, and academic institutes.
Industry update
July 2019: A research team at the University of California have identified an enzyme called LPCAT1, which is involved in the remodeling of the plasma membrane of multiple cancer cell types. This remodeling is vital to the survival of the tumors as well as their uncontrolled growth.
Read More:https://www.marketresearchfuture.com/reports/genetic-engineering-market-1528