Pune, 23, Nov 2022: Maximize Market Research has recently released a new research study titled “Gene Editing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2029”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The market is expected to grow from USD 5.1 billion in 2021 to USD 19.17 billion in 2029, at a CAGR of 18 percent for the forecast period from 2022 to 2029.
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Gene Editing Market Scope and Research Methodology
The report on Gene Editing Market provides a comprehensive analysis encompassing key market insights. The report includes trends and highlights prevailing in the Gene Editing Market that help clients to explore the opportunities in the market. Analysis of key market players and newcomers is provided based on their technology, revenue, financial status, portfolio, growth strategies, and regional presence. Recent developments regarding acquisitions and mergers, and the strategic stance of the companies with information on joint ventures provide an accurate picture of the competitive landscape in the Gene Editing Market. To understand the Gene Editing Market, segment-wise analysis is conducted by Technology, Application, and End User industry equipped with factors affecting the market and current technological changes and innovations adopted. The report also explains in detail the market driving factors, restraints, and challenges of the Gene Editing Market. Regional analysis of the Gene Editing market focusing on the local, regional and global levels is provided as a guide for market entrants to develop pricing and marketing strategies.
The bottom-up approach was used for market estimation and global market trend analysis. Data was collected employing both primary and secondary research methods for a large sample to get accurate inferences. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organizations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to understand the strengths and weaknesses of key companies and PESTLE to grasp the various factors affecting the market. Thus, the report provides a complete overview of the Gene Editing Market.
Gene Editing Market Overview
Gene editing involves the insertion or replacement of genetic material. New gene-editing tools have been developed that have increased the speed, ease, and accuracy of making changes to DNA cells. These technologies are being utilized to develop new approaches in a variety of fields including research, medicine, agriculture, biotechnology, and pest management. Gene editing has shown promising results in the treatment of genetic diseases, infectious diseases, and cancer. A rise in commercial and government collaborations, as well as technical developments such as Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) are fueling the growth of the Gene Editing industry.
Gene Editing Market Dynamics
According to the WHO, congenital abnormalities are among the major causes of child death in Bahrain, Qatar, Kuwait, and Oman, and the leading cause of infant mortality in the UAE. As the global prevalence of genetic illnesses increases, so does the demand for solutions based on genome editing and pharmaceutical development. Investment in the sector has increased dramatically as a result of the development of CRISPR technology. The genome editing industry is expected to grow rapidly as companies increase their investments in developing existing technology.
Governments in a number of countries throughout the world have invested significantly in genomics in recent years, which has assisted in the development of new genome editing tools. The availability of government funding has enabled universities and government institutes to undertake genome editing research. As a result of large government investments in genomics, the number of genomics research initiatives has risen. This, in turn, is likely to support the growth of the genome editing market over the forecast period.
The high cost of Genomics instruments is hampering the Gene Editing market. Due to budget limitations, academic research laboratories are unable to finance such systems. Technological breakthroughs are enabling the development of low-cost devices. As a result, the high cost of equipment may no longer be a hurdle to the Gene Editing market’s long-term economic growth.
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Gene Editing Market Regional Insights
The Gene Editing market in North America is expected to grow rapidly over the forecast period due to an increase in the number of chronic illnesses in the United States and Canada. According to the National Institutes of Health (NIH), there are around 7,000 rare diseases that affect between 25 and 30 million Americans. The need for drugs to treat uncommon disorders grows as new gene editing techniques and technologies become available. The presence of key industry players in North America will encourage the growth of the gene editing market.
The genome editing market in the Asia Pacific region is growing rapidly as a result of increased R&D investment, increased government funding for genomic research, technological advancements, and the increased output of genetically modified crops. Companies have made significant R&D investments in recent years to develop advanced technologies like CRISPR and TALEN.
Gene Editing Market Segmentation
- Other technologies
- Cell line Engineering
- Genetic Engineering
- Other Applications
By End User:
- Biotechnology & Pharmaceutical Companies
- Academic & Research Institutes
- Contract Research Organizations
Gene Editing Market Key Competitors:
- Thermo Fisher Scientific (US)
- Horizon Discovery Group (UK)
- Merck (Germany)
- Genscript (US)
- Integrated DNA Technologies (US)
- Sangamo Biosciences (US)
- Lonza (Switzerland)
- Origene Technologies (US)
- New England Biolabs (US)
- Transposagen Biopharmaceuticals (US)
Key questions answered in the Gene Editing Market are:
- What is Gene Editing?
- What is the growth rate of Gene Editing Market for the next five years?
- What is the nature of competition in Gene Editing industry in developed economies and developing economies?
- Who are the key players in the Gene Editing Market?
- Who are the market leaders in Gene Editing in USA and Canada
- Who are the market leaders in Gene Editing in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Gene Editing Market?
- Who held the largest market share in Gene Editing Market?
- What are the factors for the growth of the Asia-Pacific region in the Gene Editing Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Technology, Application, End User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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