Genome Editing Market Statistical Forecast, Trade Analysis 2024 - 2031 | GenScript USA Inc., Horizon Discovery Group plc, Integrated DNA Technologies Inc.

The Genome Editing Market is projected to experience significant growth with a high CAGR during the forecast period of 2024 to 2031.

Genome editing is a method of genetic modification where DNA is inserted, deleted, or replaced within an organism's genome to address specific diseases using engineered nucleases, also known as molecular scissors. These nucleases induce site-specific double-stranded breaks at targeted locations in the genome. The breaks are then repaired through non-homologous end joining or homologous recombination, resulting in precise genetic alterations.

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Market Dynamics:

The global Genome Editing Market is experiencing significant growth, driven primarily by the widespread adoption of CRISPR technology and the rising demand for synthetic genes across various biotechnology fields. The extensive use of genome editing in personalized medicine is a key factor contributing to this growth. Personalized medicine allows practitioners to tailor treatments to the specific needs of each patient, leading to cost savings, improved patient compliance, early disease detection, and optimized therapies.

Additionally, increased government funding, a surge in genomics projects, and the growing prevalence of cancer and other genetic disorders are further propelling market expansion. The development of CRISPR-based diagnostic tools, particularly in response to the COVID-19 pandemic, is also enhancing market growth. For example, in March 2021, researchers from Nanyang Technological University introduced VaNGuard (Variant Nucleotide Guard), a CRISPR-based diagnostic test designed to detect mutated SARS-CoV-2 strains.

Market Segment Analysis

By Technology: CRISPR/Cas, TALEN, Zinc Finger Nuclease (ZFN), and Others

By Application: Cell Line Engineering, Plant Genetic Engineering, Animal Genetic

By End User: Government & Academic Research Institutes, Biotech &
Pharmaceutical Companies, and Contract Research Organizations

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Major Key players

• GenScript USA Inc.
• Horizon Discovery Group plc
• Integrated DNA Technologies Inc.
• Lonza Group Ltd
• Merck & Co.
• New England Biolabs Inc.
• Origene Technologies Inc.
• Sangamo Biosciences Inc
• Thermo Fisher Scientific Inc.
• Transposagen Biopharmaceuticals Inc

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis

The global Genome Editing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Genome Editing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Silicone Pin Mat Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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