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Genome Editing/Genome Engineering Market Analysis 2023-2032: Business Growth, International Expansion, Latest Trends And Major Players: Thermo Fisher Scientific Inc., Merck Group, Genscript Biotech Corp., Sangamo Therapeutics Inc., Lonza Group AG, Editas
Genome Editing/Genome Engineering Market
The Business Research Company's Template Global Market Report 2023 identifies rise in the prevalence of cancer and other genetic disorders as the major driver for the Genome Editing/Genome Engineering Market's growth in the forecast period. 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.
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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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, Bluebird Bio Inc., Transposagen Biopharmaceuticals Inc., Tecan Trading AG, Precision BioSciences, PerkinElmer Inc., and Cellectis S.A.
A key trend in the Genome Editing/Genome Engineering Market includes Technological advancements. Major companies operating in the genome editing/genome engineering market are concentrating on creating innovative technology solutions to improve their position. For instance, in May 2022, researchers at Kyoto University and the Institute of Evolutionary Biology (CSIC-Universitat Pompeu Fabra), a Spain-based research university focused on evolutionary biology, unveiled a quick and effective method for editing genes in insects. Direct parental CRISPR (DIPA-CRISPR), a simple and effective method, involves injecting materials into developing eggs in female adults rather than embryos. The novel technique enables researchers to avoid microinjecting CRISPR material into insect embryos.
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The Genome Editing/Genome Engineering Market is segmented -
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.
The Business Research Company's "Global Genome Editing/Genome Engineering Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Genome Editing/Genome Engineering Market
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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