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Gene Editing Market was worth USD 3.1 billion in 2021, to reach USD 9.0 billion in 2029, Growing at a CAGR of 14.3% | Size, Share, Industry Report

11-11-2022 03:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Gene Editing Market

Gene Editing Market

The Gene Editing Market Achieved USD 3.1 billion in 2021 and projected to reach USD 9.0 billion in 2029 registering a CAGR of 14.3% from 2022-2029.

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-gene-editing-market/

The factors driving the growth of Gene Editing Market includes increasing application of genomics in drug discovery, agriculture and identifying human genetic disorders, introduction of next-generation sequencing, growing prevalence of infectious diseases and cancer and improvements in the living standards. According to the report published by National Library of Medicine (NLB), the total cases of cancer in India was calculated around 0.589 million in 2011 and is expected to reach 0.934 million by the end of 2026, which will accelerate the demand for gene editing solutions in the approaching years. Moreover, technological innovations in gene-editing tools, rise in Government's funding to the medical institutes for genetic research, expansion of the pharmaceutical industry, growing number of clinical trials for gene and stem cell therapies around the world and rapid urbanization, are some of the additional factors supplementing the Gene Editing Market size. In addition, the increasing investments by major companies on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Gene Editing Market is hindered due to growing concerns related to animal welfare.

The leading players operating in the market are Agilent Technologies, Allele Biotech, Bio Rad, CRISPR Therapeutics, Sangamo Therapeutics, Editas Medicine, Thermo Fisher Scientific, DNA Technologies, Intellia Therapeutics and Cellectis, among others.

Based on Technology, the Cluster Regularly Interspaced Short Palindromic Repeats (CRISPR) segment is predicted to hold the highest market share during the forecast period

Increasing number of clinical trials using gene-editing techniques for treating cancer, AIDS, and genetic diseases, are propelling growth of the segment.

Based on End-User, the Pharma-BioTech Companies segment is projected to lead the market over the forecast period

Growing focus by pharmaceutical companies on developing novel therapeutic treatments is pushing growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Presence of the leading players such as Sangamo Therapeutics, Editas Medicine and Thermo Fisher Scientific, rise in Government's spending on the healthcare sector, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Market Segmentation

Segmentation by Technology

Cluster Regularly Interspaced Short Palindromic Repeats (CRISPR)
Transcription Activator-Like Effector Nucleases (TALEN)
Zing Finger Nucleases (ZFN)
Others

Segmentation by Application

Animal Genetic Engineering
o Therapeutic Application
o Genetically Modified Organisms
Plant Genetic Engineering
Cell Line Engineering

Segmentation by End-User

Pharma-BioTech Companies
Academic Institutes & Research Center
Agrigenomic Companies
Contract Research Organization

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

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GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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