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Growth Trajectory of Genome Editing/Genome Engineering Market: Insights on Market Size, CAGR, Key Drivers, and Emerging Trends
Growth Trajectory of Genome Editing/Genome Engineering Market
What Is The Projected Market Size Of The Global Genome Editing/Genome Engineering Market And Its Growth Rate?
The genome editing/genome engineering market has been on a rapid growth trajectory.
•Market size in 2024: $8.62 billion
•Market size in 2025: $10.2 billion (18.2% CAGR)
•Projected market size by 2029: $20.81 billion (19.5% CAGR)
Key drivers of this growth include increasing investments in biotechnology and life sciences, potential for agricultural applications, and advancements in studying model organisms.
What Is Driving The Growth In The Genome Editing/Genome Engineering Market?
Increasing prevalence of cancer and other genetic disorders are pivotal in propelling the growth of the genome editing/genome engineering market. Cancer's uncontrolled cell growth and spread have led genome editing to engineer immune cells and oncolytic viruses for therapeutic applications. High mortality rates from cancer, coupled with new cases of invasive cancer reported in the US, emphasize the profound impact of cancer and genetic disorders on genome editing/genome engineering market growth.
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Who Are the Key Players Driving Genome Editing/Genome Engineering Market Growth?
Key players in the genome editing/genome engineering market include:
•Thermo Fisher Scientific Inc.
•Merck Group
•Genscript Biotech Corp
•Sangamo Therapeutics Inc.
•Lonza Group AG, Editas Medicine Inc.
•CRISPR Therapeutics AG
•Agilent Technologies Inc.
•Intellia Therapeutics, bluebird bio Inc.
•Transposagen Biopharmaceuticals Inc.
What Are The Key Trends In The Genome Editing/Genome Engineering Market?
Key market trends include:
•Advancements in Crispr technology
•Growing applications in therapeutics
•Emergence of new genome editing tools
•Investments and partnerships
•Enhanced delivery systems
•Integration of artificial intelligence (ai) in genome editing design
What Are The Segments Of The Global Genome Editing/Genome Engineering Market?
The global genome editing/genome engineering market is divided into:
1) By Product And Service: Reagents And Consumables, Software And Systems, Services
2) By Technology: CRISPR, TALEN, ZFN, Antisense, Other Technologies
3) By Application: Cell Line Engineering, Genetic Engineering, Diagnostic Applications, Drug Discovery And Development, Other Applications
4) By End User: Biotechnology Companies, Pharmaceutical Companies, Academic And Government Research Institutes
Which Region Leads The Genome Editing/Genome Engineering Market?
In 2024, North America led the gene editing/genome engineering market. Asia-Pacific is forecasted to be the fastest-growing region due to advancement and adoption in the biotech sector.
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What Is Covered In The Genome Editing/Genome Engineering Market Global Market Report?
•Market Size Analysis: Analyze the Genome Editing/Genome Engineering Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Genome Editing/Genome Engineering Market for effective categorization.
•Key Player Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Genome Editing/Genome Engineering Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Genome Editing/Genome Engineering Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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