Gene Editing Service Market is estimated to reach USD 18.77 Billion by 2030 : Cognitive Market Research

Market Overview:
- What is gene editing?
Gene editing is also called genome editing. It is a group of technologies that permit researchers to make a change in the DNA of organisms. Currently, there are several approaches are being developed for gene editing. One of the popular gene editing technologies is the CRISPR-Cas9 system. These technologies enable the addition, elimination, or alteration of genetic information at precise locations in the genome.

Summary:
- The Gene Editing Service Market is expected to grow from USD 6.21 Billion in 2022 to USD 18.77 Billion by 2030, at a CAGR of 14.9%.

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Market Dynamics:
• The rising demand for gene therapy drives the Gene editing service Market growth
Gene therapy has marked its significant importance in the field of medication over the last few decades. Gene therapy is used for the treatment associated with the genetic disorder. The data from the National Human Genome Research Institute (2018) states that approx. 350 million people across the globe are living with rare disorders and fewer than 200,000 people are diagnosed with this condition. About 80 % of these rare disorders are genetic in origin.
• Challenges for the Gene Editing Service Market
High expenses related to gene editing can hamper the growth of the gene editing service market growth.
• Rising R&D activities will boost the Gene Editing Service market growth
Gene editing is being explored in a varied array of diseases, including single-gene rare disorders such as sickle cell disease and hemophilia. The number of venture capital (VC) agreements for firms exploring gene editing technology has surged dramatically since 2012. According to Global Data's Pharma Intelligence Center, the number of VC agreements climbed from one in 2012 to 29 in 2021, with the total value of VC deals reaching more than $3.2 billion since 2012. Over $1.3 billion was raised in 2021 alone, more than 250% higher than in 2020 ($500 million). This investment is expected to propel the growth of the market.

Gene editing service Market Segmentation:
Type
• Ex Vivo
Ex vivo genome editing is a therapeutic method in which the genome of certain cells is altered in vitro, and then those transformed cells are transplanted back into the patient to produce a therapeutic effect unique to the genome editing.
• In Vivo
In vivo gene editing treatments provide the promise of treating the underlying causes of numerous hereditary illnesses. Understanding the potential of therapeutic in vivo gene editing necessitates the capacity to distribute gene editing mediators to key organs and tissues in vivo in a safe and efficient manner.

Application
• Cell Line Editing
These methods operate by creating a double-stranded breakdown in the DNA of the gene to be edited. The cell then attempts to repair the damage, and the gene sequence at that place may change throughout the healing process.
• Animal Genetic Editing
Editing the genome allows animal breeders to circumvent these biological constraints and introduce polymorphisms not found in the gene pool of top brood stock, as well as develop fresh modifications projected to result in an enhanced gain.
• Plant Genetic Editing

Technology
• CRISPR
• TALEN
• ZFN
• Others

End User
• Biotechnology & Pharmaceutical Companies
• Academic & Government Research Institutes
• Contract Research Organizations

The Major Players in Gene Editing Service Market are:
Caribou Biosciences, CRISPR Therapeutics, Merck KGaA, Editas Medicine, Thermo Fisher Scientific, Horizon Discovery, Genscript Biotech, GeneCopoeia, Integrated DNA Technologies, Eurofins Genomics, DNA 2.0 (ATUM), BBI Life Sciences, Genewiz, Gene Oracle, SBS Genetech, Bio Basic

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Regional Analysis:
- North America dominates the Gene editing service Market
Geographically, the global Gene editing service market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the market owing to the rising government support, growing prevalence of chronic diseases, increased need for the expansion of gene therapies, and high adoption of technologies in the healthcare system.

Gene editing service Market Recent News
• In February 2023, Vertex Therapeutics is presenting a rosy launch image for what may become the first CRISPR-based gene editing medication as it nears the completion of a historic FDA filing. Vertex estimates that a network of around 50 authorized treatment centers in the United States and 25 in Europe will be sufficient for its exagamglogene autotemcel gene therapy candidate for sickle cell disease and beta-thalassemia.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Gene Editing Service Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Gene Editing Service Market Segmentation
1.5.1 Gene Editing Service Market Regional Fragmentation
1.5.1 Gene Editing Service Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Gene Editing Service Market
Chapter 4 Global Gene Editing Service Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Gene Editing Service Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Gene Editing Service Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Gene Editing Service Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Gene Editing Service Market by End User Segmentation Analysis (2018-2030)
Chapter 13 Global Gene Editing Service Market Regional Analysis
Chapter 14 North America Gene Editing Service Market Outlook (2018 - 2030)
Chapter 15 Europe Gene Editing Service Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Gene Editing Service Market Outlook (2018 - 2030)
Chapter 17 Latin America Gene Editing Service Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Gene Editing Service Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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