Press release
Genetic Engineering Market is projected to reach USD 4.56 billion by 2029, with an expected CAGR of 23.7%. This extraordinary growth is attributed to various factors driving the genetic engineering industry.
Genetic Engineering Market
Maximize Market Research Pvt. Ltd., a leading market research company based in Pune, India, has released a comprehensive market research report on the global Genetic Engineering Market, shedding light on its current state and future prospects.
Get to Know More About This Market Study:hhttps://www.maximizemarketresearch.com/market-report/genetic-engineering-market/208710/
The report identifies several growth opportunities, including precision medicine development and environmental applications, such as pollutant breakdown. However, ethical concerns, regulatory complexities, and ecological risks are expected to pose challenges to market growth.
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What are Genetic Engineering Market Dynamics?
Genetic engineering, or gene editing, is the groundbreaking process of altering the DNA makeup of organisms. It involves adding genes from one species to another to produce desired traits, changing individual base pairs, deleting DNA regions, or adding new DNA segments. This technology has applications across various industries, including cancer therapies, genetically modified plants and livestock, and more.
High Demand for Genetically Modified Organisms (GMOs) in Agriculture: The adoption of GMOs in agriculture continues to rise as genetic engineering techniques become more sophisticated. Genetically modified crops have been developed to exhibit traits such as pest resistance, herbicide tolerance, improved nutritional content, and extended shelf life, thus addressing food security challenges and driving market growth.
Advancements in Gene Editing Technologies: The development of CRISPR-Cas9 has revolutionized genetic engineering. CRISPR-Cas9 allows precise and efficient gene editing, accelerating genetic engineering research. It has already been used to treat deadly cancer types, significantly increasing survival rates.
Increasing Applications in Healthcare and Medicine: Genetic engineering has found applications in gene therapy, biopharmaceutical production, and genetic testing. Recent successes in gene therapy trials for inherited diseases and blood disorders have garnered significant attention and investment from the pharmaceutical industry.
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What is Genetic Engineering Market Regional Insight?
North America: The North American market, particularly the United States, dominated the market share in 2022 due to significant investments in genetic technologies and a supportive regulatory environment. Investments in precision medicine and gene therapies continue to boost the market.
Europe: Europe held the second-largest market share in 2022, with a supportive regulatory landscape, robust healthcare infrastructure, and substantial investments in biotechnology and gene therapy research.
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What is Genetic Engineering Market Segmentation?
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.
Table of content for the Genetic Engineering Market includes:
Global Genetic Engineering Market: Research Methodology
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
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
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
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
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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