Report ID: UCMIG35H2143
Report ID:
UCMIG35H2143 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global mutation detection kits in the genome editing market was worth USD 126.9 million in 2020 and is predicted to increase at a compound annual growth rate, or CAGR, of 17.3% between 2021 and 2028. The widespread use of genome editing methods, together with increased investment in the creation of mutation detection kits to speed the adoption of gene editing methodology, has significantly fueled market expansion. The finding of polymorphisms and undiscovered mutations in sequences of genomes is an important part of many areas of research and clinical practise, such as pharmacogenetics, illness treatment, and genetic reverse research in model species. This has increased the popularity of mutation detection kits in the genome manipulation domain, fuelling market growth over the projection period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35H2143