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Genome Editing/Genome Engineering Market In-Depth Insights, Major Strategies, Potential Growth And Key Players - Thermo Fisher Scientific Inc., Merck Group, Genscript Biotech Corp., Sangamo Therapeutics Inc
Genome Editing/Genome Engineering Market
Genome Editing/Genome Engineering Market Size, Growth Rate, And Forecast
The global genome editing or genome engineering market size is expected to grow from $6.11 billion in 2022 to $7.20 billion in 2023 at a compound annual growth rate (CAGR) of 17.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The genome editing or genome engineering market size is expected to grow to $14.22 billion in 2027 at a CAGR of 18.5%.
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Genome Editing/Genome Engineering Market Drivers
The rise in the prevalence of cancer and other genetic disorders is expected to propel the growth of the genome editing/genome engineering market going forward. Cancer is a condition wherein a few of the body's cells grow out of control and spread to other body regions. Genome editing can quickly engineer immune cells and oncolytic viruses for cancer therapeutic applications. For instance, in February 2022, according to an article published by the World Health Organization (WHO), a Switzerland-based United Nations health agency, nearly 10 million deaths, or nearly one in six deaths, were caused by cancer, making it the leading cause of death worldwide.
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Genome Editing/Genome Engineering Market Segments
• By Product And Service: Reagents And Consumables, Software And systems, Services
• By Technology: CRISPR, TALEN, ZFN, Antisense, Other Technologies
• By Application: Cell Line Engineering, Genetic Engineering, Diagnostic Applications, Drug Discovery And Development, Other Applications
• By End User: Biotechnology Companies, Pharmaceutical Companies, Academic And Government Research Institutes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the genome editing/genome engineering market.
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Genome Editing/Genome Engineering Market Key Players
Major competitors in the genome editing/genome engineering market are Thermo Fisher Scientific Inc., Merck Group, Genscript Biotech Corp., Sangamo Therapeutics Inc., Lonza Group AG, Editas Medicine Inc., CRISPR Therapeutics AG, Agilent Technologies Inc., Intellia Therapeutics
The Business Research Company's "Global Genome Editing/Genome Engineering Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Genome Editing/Genome Engineering Market Include:
1. Executive Summary
2. Genome Editing/Genome Engineering Market Characteristics
3. Genome Editing/Genome Engineering Market Trends And Strategies
4. Genome Editing/Genome Engineering Market - Macro Economic Scenario
5. Genome Editing/Genome Engineering Market Size And Growth
………………
27. Genome Editing/Genome Engineering Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Genome Editing/Genome Engineering Market
29. Genome Editing/Genome Engineering Market Future Outlook and Potential Analysis
30. Appendix
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