Press release
Genetic Engineering Market is expected to reach USD 4.56 Bn by 2029, at a CAGR of 23.7 Percent
Genetic Engineering Market
The report provides a comprehensive overview, covering historical data, present dynamics, and future trends in the Genetic Engineering Market. With a forecast period from 2023 to 2029, the market is expected to witness substantial growth, fuelled by advancements in gene editing technologies, increasing applications in healthcare, and the adoption of genetically modified organisms in agriculture.
Genetic engineering, encompassing gene editing and modification, stands as a transformative process in laboratory-based technologies. It involves altering the DNA makeup of organisms, facilitating the addition of genes from different species to achieve desired traits. This technology has diverse applications in research, industry, and fields such as cancer therapies, brewing yeasts, and genetically modified plants. Genetic engineering is positioned to revolutionize agriculture, medicine, and environmental conservation.
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Genetic Engineering Market Dynamics:
The dynamics of the Genetic Engineering Market are characterized by several key factors driving its growth and evolution. The escalating demand for Genetically Modified Organisms (GMOs) in agriculture serves as a prominent influencer, with farmers increasingly adopting sophisticated genetic engineering techniques tailored to specific regional agricultural needs. This trend is expected to persist and contribute significantly to the market as genetic modifications in crops offer traits such as pest resistance, herbicide tolerance, improved nutritional content, and extended shelf life.
The healthcare and medicine sector plays a pivotal role in shaping market dynamics, with genetic engineering finding extensive applications in areas such as gene therapy. Notable successes in gene therapy trials for conditions like inherited blindness and certain blood disorders have garnered substantial attention and investment from the pharmaceutical industry. Additionally, the production of biopharmaceuticals, including insulin and vaccines, through genetic engineering has streamlined drug development processes and is expected to fuel market growth.
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Genetic Engineering Market Segment Analysis
By Product
Biochemical
Genetic Markers
By Techniques
Gene Splicing
Artificial Selection
Recombinant DNA Technology
Synthesizing DNA
Gene Editing
Other
By Application
Agriculture
Medical Industrial
Healthcare and Pharmaceuticals
Other
By End-User
Biotechnology Companies
Pharmaceutical Manufacturers
Academic and Research Institutions
Other
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Who are Genetic Engineering Market Key Players?
1. Thermo Fisher Scientific Inc.
2. Herbert Boyer
3. Merck KGaA (EMD Millipore)
4. Lonza Group Ltd.
5. Horizon Discovery Group plc
6. GenScript Biotech Corporation
7. CRISPR Therapeutics AG
8. Editas Medicine, Inc.
9. Sangamo Therapeutics, Inc.
10. Intellia Therapeutics, Inc.
11. Cellectis S.A.
12. Precision BioSciences Inc.
13. New England Biolabs, Inc.
14. Takara Bio Inc.
15. OriGene Technologies, Inc.
16. Eurofins Scientific SE
17. Transposagen Biopharmaceuticals, Inc.
18. Agilent Technologies, Inc.
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Genetic Engineering Market Regional Insights:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Table of content for the Genetic Engineering Market includes:
1. Global Genetic Engineering Market: Research Methodology
1. Global Genetic Engineering Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Genetic Engineering Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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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