Latin America Mutation Detection Kits In Genome Editing Market Size & Outlook
Latin America mutation detection kits in genome editing market, 2017-2028 (US$M)
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Latin America mutation detection kits in genome editing market highlights
- The Latin America mutation detection kits in genome editing market generated a revenue of USD 5,893.5 million in 2020.
- The market is expected to grow at a CAGR of 16.8% from 2021 to 2028.
- In terms of segment, (crispr)/cas9 was the largest revenue generating technology in 2020.
- (CRISPR)/Cas9 is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 5,893.5 million |
| Market revenue in 2028 | USD 20,478.5 million |
| Growth rate | 16.8% (CAGR from 2020 to 2028) |
| Largest segment | (crispr)/cas9 |
| Fastest growing segment | (CRISPR)/Cas9 |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | (CRISPR)/Cas9, TALENs/MegaTALs, ZFN, Meganuclease |
| Key market players worldwide | Thermo Fisher Scientific Inc, Takara Bio Inc, Danaher Corp, Promega, GenScript ProBio, New England Biolabs, Applied Materials Inc, Bio-Rad Laboratories Inc, Lucigen, Synthego, Addgene, Abcam PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.6% of the global mutation detection kits in genome editing market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 162,918.0 million by 2028.
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Mutation Detection Kits In Genome Editing Market Scope
Mutation Detection Kits In Genome Editing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America mutation detection kits in genome editing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mutation detection kits in genome editing market will help companies and investors design strategic landscapes.
(crispr)/cas9 was the largest segment with a revenue share of 42.67% in 2020. Horizon Databook has segmented the Latin America mutation detection kits in genome editing market based on (crispr)/cas9, talens/megatals, zfn, meganuclease covering the revenue growth of each sub-segment from 2017 to 2028.
Fewer clinical trials for development of DNA vaccines and gene therapy can be attributed to relatively smaller market share held by the region. Higher investments are required in gene editing to boost intellectual property and innovation in the region.
Gene therapy can ease financial and social burden of various medical conditions. Advancements in gene editing are expected to increase adoption of multicenter clinical trials. Hence, adoption of gene editing as therapy is expected to increase with rise in investments and funding, in turn, supplementing the market growth for mutation detection kits in the region.
Furthermore, farmers are collaborating with researchers for development of new crop varieties using genome-editing tools, such as CRISPR. Such factors can increase the use of mutation detection kits.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mutation detection kits in genome editing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mutation detection kits in genome editing market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America mutation detection kits in genome editing market size, by country, 2017-2028 (US$M)
Latin America Mutation Detection Kits In Genome Editing Market Outlook Share, 2020 & 2028 (US$M)
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