Gene Editing Market Soars: Unveiling Growth Drivers and Market Values

Gene Editing Market size reached USD 5.1 billion in 2021 and is expected to reach USD 19.17 billion by 2029, growing at a CAGR of 18 % during the forecast period.

Gene Editing Market Report Scope and Research Methodology

Gene editing, a revolutionary technology involving the insertion or replacement of genetic material (DNA), has witnessed remarkable growth in recent years. This growth is attributed to new gene-editing technologies that have enhanced the speed, ease, and precision of altering DNA. Gene editing is now making significant contributions to fields such as research, medicine, agriculture, biotechnology, and pest control.

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What are Gene Editing Market Dynamics?

The gene editing market is driven by several compelling factors. One of the primary drivers is the increasing prevalence of genetic disorders worldwide. According to the US Genetic and Rare Condition Information Center, nearly 30 million Americans, or one in ten, suffer from genetic diseases. Moreover, congenital abnormalities or genetic disorders affect 2-5% of all newborns globally, with congenital malformations being a leading cause of infant mortality in some countries. As genetic illnesses become more prevalent, the demand for genome editing solutions and drug development rises, propelling market growth.

Gene Editing Market Segmentation:

The CRISPR sector is anticipated to expand at a CAGR of 18.6% throughout the course of the projection period based on technology. In contrast to other technologies, this category is straightforward, user-friendly, and reasonably priced. The opportunity for the gene editing market sector will increase due to the rising demand for CRISPR/Cas9 for genome analysis to discover genetic abnormalities and medical innovation.

Due to rising government funding and subsidies for research projects, the research institutions sector, based on End User, is anticipated to increase at a CAGR of more than 17.8% over the projected period. Growth will also be aided by the increasing global need for pharmaceutical breakthroughs to address diverse genetic and uncommon disorders. The market for gene editing is predicted to rise as research attempts to alter the genes of living things and advance our understanding of gene function increase.

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Who are Gene Editing Market Key Players?

1. Thermo Fisher Scientific (US)
2. Horizon Discovery Group (UK)
3. Merck (Germany)
4. Genscript (US)
5. Integrated DNA Technologies (US)
6. Sangamo Biosciences (US)
7. Lonza (Switzerland)
8. Origene Technologies (US)
9. New England Biolabs (US)
10. Transposagen Biopharmaceuticals (US)

Table of Content: Gene Editing Market

Part 01: Executive Summary

Part 02: Scope of the Gene Editing Market Report

Part 03: Global Gene Editing Market Landscape

Part 04: Global Gene Editing Market Sizing

Part 05: Global Gene Editing Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The gene editing market demonstrates varying trends across different regions. North America has emerged as a major market player, with approximately 38% of the market share in 2021. The region is expected to continue growing significantly due to the rising incidence of rare diseases in the United States and Canada. North America's strong presence of industry leaders also contributes to market expansion.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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