Genome Editing Market Trends and Forecasts 2024-2030

In the ever-evolving landscape of biotechnology, the Genome Editing Market is not just a statistic; it's a transformative force valued at USD 7.23 Billion in 2023. With a projected CAGR of 15.8% from 2023 to 2030, the market is set to blaze new trails, reaching a remarkable USD 20.19 Billion by 2030. Let's delve into the dynamic realm of genome editing, where CRISPR technology takes center stage, shaping industries, medicine, and agriculture alike.

CRISPR: Pioneering Transformation in Biotechnology

The Genome Editing Market is experiencing a paradigm shift, and at its core is the revolutionary CRISPR technology. This transformative tool isn't just influencing research; it's redefining the boundaries of medicine, agriculture, and even diagnostics. The precision and adaptability of CRISPR have strategically positioned the Genome Editing Market for unprecedented growth.

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Dynamic Dynamics: From Genomic Engineering to Forensic Advancements

The Genome Editing Market is intricately woven into the fabric of genomics, influencing diverse fields such as drug discovery, agriculture, veterinary sciences, and forensic studies. The demand for genomics in forensics has witnessed a substantial uptick, fueled by advancements like Next Generation Sequencing (NGS). The application of NGS in forensic science has revolutionized investigations, providing enhanced analysis and richer information from trace or damaged DNA samples.

As genomics finds novel applications, the Genome Editing Market is set to witness increased global demand. Forensic sciences and personalized medicine emerge as key application areas, showcasing the versatility of genomics. The market, as a result, is positioned for sustained growth, with DNA next-generation sequencing revenues expected to reach nearly $14.7 billion by 2023.

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Genome Editing Market Segment Analysis

In 2023, the CRISPR/Cas9 segment is expected to hold a dominant position in the Technology segment of the genome editing market. This technological segment is less complicated, more user-friendly, and more affordable than other methods.

by Technology

CRISPR/Cas9
Zinc Finger Nucleases (ZFNs)
TALENs
Others
Depending on the Use, In 2023, the Genome Editing Market's Application Segment will be dominated by the Cell-line Engineering segment. Given that stem cell-based cell therapy is a common use for this. The ability to quickly introduce genetic modifications into induced pluripotent stem cells (iPSCs) and correct mutations that cause disease has been made possible by advancements in genome editing.

by Application

Cell line engineering
Animal genetic engineering
Plant genetic engineering
Others

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Who are Genome Editing Market Key Players?

Major Players of Genome Editing in North America
1. Editas Medicine, Inc. (Cambridge, Massachusetts, USA)
2. Intellia Therapeutics, Inc. (Cambridge, Massachusetts, USA)
3. Beam Therapeutics Inc. (Cambridge, Massachusetts, USA)
4. Caribou Biosciences, Inc. (Berkeley, California, USA)
5. Precision Biosciences, Inc. (Durham, North Carolina, USA)
Leading Companies of Genome Editing in Europe
1. Intellia Therapeutics, Inc. (London, United Kingdom)
2. Cellectis S.A (Paris, France)
3. Horizon Discovery Group plc (Cambridge, United Kingdom)
Market Leaders of Genome Editing in Asia Pacific
1. BGI Genomics Co., Ltd (Shenzhen, China)
2. ToolGen, Inc (Seoul, South Korea)
3. GenScript Biotech Corporation (Nanjing, China)
4. Takara Bio Inc. (Shiga, Japan)
5. Biocytogen (Beijing, China)
Dominant Players of Genome Editing in Asia Pacific
1. Thermo Fisher Scientific (Waltham, Massachusetts, USA.)
2. Merck KGaA (Sigma-Aldrich)( Darmstadt, Germany)
3. Lonza (Basel, Switzerland)
4. Synthego(Redwood City, California, USA)

Table of content for the Genome Editing Market includes:

Part 01: Executive Summary

Part 02: Scope of the Genome Editing Market Report

Part 03: Genome Editing Market Landscape

Part 04: Genome Editing Market Sizing

Part 05: Genome 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 Dynamics: North America Leading the Charge

North America emerges as a powerhouse in the Genome Editing Market, driven by a rise in rare diseases and the presence of leading industry players. With approximately 7,000 rare diseases affecting millions of Americans, the demand for genome editing tools and technologies is on the rise. The region takes the lead in fostering genome editing market growth.

As we traverse the landscape, Asia Pacific is poised to be the second dominant region, with growing research organizations in emerging countries fueling regional industry trends. The rising number of research and development activities in Japan, China, and India positions Asia Pacific as a key player in the global genome editing market.

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