Genome Engineering Market to Grow by 10.9% from 2019 to 2027 to reach US$ 9,595.2 Million: TMR Study

Transparency Market Research's recent analysis of the global 𝐠𝐞𝐧𝐨𝐦𝐞 𝐞𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 spanning from 2017 to 2018 and projecting through 2019 to 2027 indicates that heightened investment in genomic research, advancements in technology, growing interest in synthetic genes, and substantial investments by pharmaceutical firms in new product innovation are expected to fuel the market's growth in the forecast period.

The global genome engineering market was worth US$ 3,685.4 Mn and is projected to reach a value of US$ 9,595.2 Mn with a CAGR of 10.9% by the end of 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4671&utm_source=OpenPR&utm_campaign=MansiR

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Synthetic biology received funding of US$ 430 Mn in the U.S. from 2005 to 2010, which was much higher than US$ 160 Mn in Europe during the same period. The U.K. contributed around US$ 30 Mn. About 4% and 2% funding in the U.S. and Europe, respectively, was spent to explore ethical, social, and legal implications (ELSI) of synthetic biology. 

More than $700 million was spent on synthetic biology research, by Department of Energy (DOE). While NIH awarded a grant of $40 million for the same.

Universities across the globe have provided significant funding for research in synthetic biology. For instance, in 2008, three Dutch universities - Delft University of Technology (Department of Bionanoscience), University of Groningen (Centre for Synthetic Biology), and the Eindhoven University of Technology (Institute for Complex Molecular Systems) - declared they would invest around USD $90 million in synthetic biology research for a period of 5 years to 10 years.

Application of genome engineering in animals has increased significantly in the past few years. Usage of this technology brings with it ethical issues that relate to animal welfare.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬:

Applied Stem Cell, Inc.,GenScript,Horizon Discovery Group plc,Integrated DNA Technologies, Inc.,Lonza Group Ltd.,New England Biolabs,OriGene Technologies, Inc.,Sangamo BioSciences, Inc.,Sigma-Aldrich Co. LLC.,Thermo Fisher Scientific, Inc.,,Transposagen Biopharmaceuticals, Inc.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

Clustered regularly interspaced short palindromic repeats (CRISPR)
Transcription activator-like effector nuclease (Talen)
Zinc Finger Nuclease (ZFN)
Other Technologies

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Cell Line Engineering
Animal Genome Engineering
Plant Genome Engineering
Other Application

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Pharmaceutical and Biotechnology Companies
Academics
Clinical Research Organizations

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=4671<ype=S&utm_source=OpenPR&utm_campaign=MansiR

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In January 2015,  four research collaborations with The Wellcome Trust Sanger Institute, The Innovative Genomics Initiative, California, Thermo Fisher Scientific, Waltham, Massachusetts and Broad Institute/Whitehead Institute, Cambridge, Massachusetts to use CRISPR technology to identify and validate new drugs in preclinical models that would resemble human diseases.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends include the integration of artificial intelligence and machine learning in genome editing, the rise of gene therapy for treating genetic disorders, and the development of CRISPR-based diagnostics.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The Genome Engineering Market is poised for exponential growth, driven by continuous technological advancements, expanding applications, and increasing investments in genomic research.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Understanding the regulatory landscape and intellectual property rights.
Assessing the impact of emerging technologies on market dynamics.
Analyzing consumer preferences and market trends across different industry verticals.
Evaluating the competitive landscape and strategic initiatives of key players.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐒𝐦𝐚𝐫𝐭 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/25/2653661/0/en/Smart-Bathroom-Industry-Projected-to-Reach-US-21-9-Billion-by-2031-Driven-by-Evolving-Smart-Home-Trends-TMR-Research-Report.html

𝐂𝐨𝐥𝐝 𝐒𝐩𝐫𝐚𝐲 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/25/2653893/0/en/Cold-Spray-Coatings-Market-to-Grow-at-a-3-4-CAGR-from-2023-to-2031-reaching-US-1-4-billion-TMR-Report.html

 

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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