Genome Editing Market 2021 Specification, Growth Drivers, Industry Analysis Forecast – 2029: Competitive Landscape- The key players operating in the global genome editing market are Addgene, Allele Biotech, Bio-Rad Laboratories etc.

The global genome editing market was valued at USD 3,933.07 million in 2019 and is expected to grow at 14.5% CAGR during the forecast study period. Genomic editing refers to the strategies and techniques implemented for modifying any living organism's target genetic information. Genome editing includes gene alteration by recombinant technology in different locations, which improves insertion precision and decreases cell toxicity.

The biotechnology and pharmaceutical segment is expected to register the fastest growth during the forecast period. DNA or RNA isolation and purification are essential steps of drug discovery, target identification, and phase testing during drug development. Several pharmaceutical companies are making substantial investments in R&D activities for drug discovery projects, further driving the segment growths. 

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The Major Players Covered in this Report: Competitive Landscape- The key players operating in the global genome editing market are Addgene, Allele Biotech, Bio-Rad Laboratories, Inc., Takara Bio Inc., CRISPR Therapeutics, Integrated DNA Technologies, OriGene Technologies, Precision Biosciences, GE Healthcare, GeneCopoeia, Inc., GenScript Corporation, Horizon Discovery Group plc, Merck Millipore Limited, Sangamo Biosciences, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, and Caribou Biosciences, Inc., & More...

Genome Editing Market Segmentation-
By Technology- CRISPR, TALEN, ZFN, By Application- Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering, Other Applications,
By End-User- Pharmaceutical and Biotechnology Companies, Academics and Government Research Institutes, Contract Research Organizations, Other
End Users

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Genome Editing in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Genome Editing market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Genome Editing and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Genome Editing. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact of COVID-19:
During this COVID-19 pandemic, market players are striving to offer reagents to clinicians and researchers working on understanding COVID-19 and developing cures for the disease. Genomics products are a critical tool for infectious disease research because they provide a detailed understanding of how the virus infected people, how the immune system is mobilized, which immune cells react to pathogens, and several other aspects of the disease and potential therapies. Genomic data is essential to develop tests, find drugs and vaccines. It is also of utmost importance to find if there has been a mutation of the virus.. All these applications associated with genomics will drive market growth during the COVID-19 pandemic situation.

Key Highlights:
The nucleic acid isolation and purification market was valued at USD 2,400 million in 2019 and is expected to grow with a CAGR of 7.2% during the forecast period on account of increasing public-private funding for life science research, technological progressions, and growing automation.

The kits segment is predicted to hold the largest market share for their low cost and ease of use in gene sequencing, molecular diagnostics, and gene cloning.

In 2019, the diagnostics segment held the largest market share on account of growing awareness about genomic diagnostics and rising efficiency of genomic sequencing in the diagnosis of diseases.

North America dominates the nucleic acid isolation and purification market on account of rising R&D expenditure by biotechnology and pharmaceutical firms, technological advancements, and government support.

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