Press release
Genetic Engineering Market is expected to show growth from 2024 to 2030, reported by Maximize Market Research
Global Genetic Engineering Market size was valued at USD 1.27 Bn in 2023 and is expected to reach USD 5.64 Bn by 2030, at a CAGR of 23.7%.๐๐๐ง๐๐ญ๐ข๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Genetic engineering, also known as gene editing, involves altering the DNA of organisms by adding genes from different species to produce desired traits. This process can change single base pairs, delete or add DNA regions. It is used in research, industry, and applications such as cancer therapies and genetically modified plants. Genetic engineering has the potential to revolutionize agriculture, medicine, and environmental conservation. Techniques include Recombinant DNA Technology, CRISPR-Cas9, PCR, Gene Synthesis, and Gene Silencing, driving growth in the Genetic Engineering Market. GMO adoption by farmers is increasing globally, expected to continue with advanced genetic engineering techniques. Tailored to regional agricultural needs, modified crops exhibit desired traits like pest resistance, improved nutrition, addressing food security amid population growth. Gene editing tools drive research for novel varieties, boosting Genetic Engineering Market in agriculture.
The major key players are the Lonza Group Ltd., Cellectis S.A., Takara Bio Inc., Thermo Fisher Scientific Inc., Herbert Boyer, Merck KGaA (EMD Millipore), and CRISPR Therapeutics AG. In 2023, the North American market led the Genetic Engineering Market, fueled by the rise of stem cell therapies. The United States, investing heavily in genetic technologies, is a key player. Increased pharma investment in gene editing companies supports North America's global dominance. Europe's Genetic Engineering Market is driven by established biotech and pharma companies, research institutions, and a supportive regulatory environment for genetic engineering. Investments in precision medicine, gene therapies, and agriculture boost growth. High costs and ethical concerns pose challenges. Europe's market share is second-largest, with companies like Arctoris, BioNTech, and CRISPR Therapeutics leading the way. Asia-Pacific shows significant market growth.
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐ :https://www.maximizemarketresearch.com/request-sample/208710/
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
In April 2024, Intellia Therapeutics Announced Positive Phase 1 clinical trial results for their next-generation ATTR amyloidosis treatment using CRISPR technology. The treatment showed a significant reduction in target protein levels with minimal side effects. This development highlights the progress of CRISPR-based therapies in human trials.
In March 2024, Merck KGaA Partnered with Inari Agriculture to develop next-generation disease-resistant crops using gene editing. This collaboration leverages Merck's expertise in gene editing tools with Inari's computational breeding platform. This development showcases the growing application of gene editing in agriculture.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ง๐๐ญ๐ข๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
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)
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:https://www.maximizemarketresearch.com/request-sample/208710/
๐๐๐ง๐๐ญ๐ข๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Biochemical
Genetic Markers
๐๐ฒ ๐๐๐๐ก๐ง๐ข๐ช๐ฎ๐๐ฌ
Gene Splicing
Artificial Selection
Recombinant DNA Technology
Synthesizing DNA
Gene Editing
Other
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Agriculture
Medical Industrial
Healthcare and Pharmaceuticals
Other
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Biotechnology Companies
Pharmaceutical Manufacturers
Academic and Research Institutions
Other
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/208710/
๐๐๐ง๐๐ญ๐ข๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ
Thermo Fisher Scientific Inc.
Herbert Boyer
Merck KGaA (EMD Millipore)
Lonza Group Ltd.
Horizon Discovery Group plc
GenScript Biotech Corporation
CRISPR Therapeutics AG
Editas Medicine, Inc.
Sangamo Therapeutics, Inc.
Intellia Therapeutics, Inc.
Cellectis S.A.
Precision BioSciences Inc.
New England Biolabs, Inc.
Takara Bio Inc.
OriGene Technologies, Inc.
Eurofins Scientific SE
Transposagen Biopharmaceuticals, Inc.
Agilent Technologies, Inc.
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/market-report/genetic-engineering-market/208710/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ง๐๐ญ๐ข๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is the growth rate of the Global Genetic Engineering Market?
Which region is expected to dominate the Global Genetic Engineering Market?
What is the expected Global Genetic Engineering Market size by 2030?
Which are the top players in the Global Genetic Engineering Market?
What are the factors driving the Global Genetic Engineering Market growth?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Genetic Engineering Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Genetic Engineering Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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
๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐ก๐๐ฌ ๐๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง
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๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Maximize Market Research is a global Market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more. Their services cover Market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence. Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their Market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving Market landscape.
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