Gene Editing Market: The passenger car dominated the global Gene Editing Market

Gene Editing market size reached USD 5.1 billion in 2021 and is expected to reach USD 19.17 billion by 2029, growing at a CAGR of 18 % during the forecast period. Gene editing involves the insertion or replacement of genetic material known as DNA. New gene-editing technologies have been developed that increased the speed, ease, and accuracy of making changes to DNA cells. These technologies are beginning to be used for new approaches in a variety of fields, including research, medicine, agriculture, biotechnology, and pest control. Gene editing has shown good potential for the treatment of genetic diseases, infectious diseases, and cancer. An increase in private and public partnerships and technological advancements such as Clustered Regularly interspace Short Palindromic Repeats (CRISPR) are further fueling the growth of the Gene Editing market. Most researchers are working on the application of CRISPR/Cas9 technology in cancer therapy because it allows them to stop the proliferation of cancerous cells while also allowing them to treat other diseases such as diabetes and cystic fibrosis. Rapid advancements in sequencing and Genome Editing technologies, as well as an increase in the usage of products derived from genetically modified organisms, are some of the factors driving the growth of the genome editing industry. In August 2020, Beam Therapeutics established a collaboration with the Institute of Molecular and Clinical Ophthalmology Basel to create precision genetic medicines by base editing. This enhanced their global market position. Gene Editing MarketTo know about the Research Methodology:- Request Free Sample Report

Gene Editing Market Dynamics:

Increased incidences of genetic disorders toboost growth A genetic disorder happens when a mutation (also known as a pathogenic variant) affects the genes or when a person has insufficient genetic material. According to the US Genetic and Rare Condition Information Center, almost thirty million Americans, or one in ten have a genetic disease. According to a WHO report, congenital abnormality or genetic disorder is found in around 2-5% of all newborns. These births account for approximately 30% of all hospital admissions to pediatric wards. According to the WHO, congenital malformations are among the leading causes of infant death in Bahrain, Qatar, Kuwait, and Oman, and they are 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 medication development. Investment in the field has increased dramatically as a result of the development of CRISPR technology. In 2021, the genome editing sector raised more than USD 1.3 billion in investment, including 18 agreements involving CRISPR technology. The Mammoth Bioscience firm received the most investment to improve its facilities and technologies to develop future CRISPR technology. The genome editing industry is expected to grow fast as companies increase their investments in developing current technologies. Rising investment in genetic research to drive Gene Editing market Governments in numerous nations across the world have made large investments in the field of genomics in recent years, which has played a key role in the development of new technologies in genome editing. The availability of government funding has enabled universities and government institutes to do research on genome editing. The number of genomics research initiatives has increased dramatically as a result of significant government investments in genomics. This, in turn, is expected to support the growth of the genome editing market throughout the forecast period. Rising funding for genetic research in developed nations, especially North America is expected to fuel gene editing market growth throughout the forecast period. In the United States, more than 20 federal agencies funded research and development government firms to produce valuable materials, devices, and methods. The US government funds several research businesses that aid in the creation and production of drug discoveries for various rare genetic illnesses. The National Human Genome Research Institute funds research programs and projects in the field of genomics. The National Institutes of Health (NIH), a part of the U.S. Department of Health and Human Services and the nation's medical research agency is in charge of genetics and biomedical research. In 2021, the NIH funded around USD 1.6 million to Arizona State University and Bayer College of Medicine to evaluate recent advances in human genome editing. Recently developed medications for the treatment of genetic disorders have reduced death rates, which will drive gene editing market growth in the near future. Growing demand for synthetic genes in emerging nations to drive industry growth Rising demand for synthetic genes in developing nations will drive gene editing market growth throughout the study period. In emerging economies, synthetic genes are better suitable for the development of genetically modified (GM) crops. Plant endogenous metabolic pathways are modified by synthetic genes to improve photosynthetic efficiency and nutritional quality. For developing and modifying novel crops, researchers prefer the CRISPR/Cas9 technology. This method also requires many government approvals for the manufacturing of genetically modified crops. Rising demand for synthetic genes for medicine development to cure cancer is expected to enhance gene editing market share significantly in the coming years. The high cost of Genomics instruments is hindering the Gene Editing market Genomics instruments are equipped with advanced functions and features and are therefore priced at a premium, ranging between 10-20 USD million. Because pharmaceutical businesses and research institutions require a large number of such systems, the capital cost of procuring many genomic instruments is very high. Small and medium-sized pharmaceutical companies and research facilities cannot afford to invest as much in many genomics instruments. Academic research laboratories are unable to finance such systems due to budget limitations. Technical breakthroughs are enabling the development of low-cost devices. As a result, the high cost of equipment may not continue to be a hurdle to the Gene Editing market growth in the long term.

Gene Editing Market Segment Analysis:

Based on Technology, the CRISPR segment is expected to grow at a CAGR of 18.6%during the forecast period. Compared to other technologies, this segment is simple, easy to use, and inexpensive. The increasing demand for CRISPR/Cas9 for genome investigation to identify genetic disorders and medical innovation will raise the opportunity of the gene editing market segment. CRISPR technology can be utilized to cure cancer through gene editing. Caribou Biosciences, Takara Bio, and Thermo Fisher Scientific are among the key market players focusing on research and development in order to adopt innovations in the CRISPR/Cas9 technology. Gene Editing MarketThe ZFNs segment is expected to exceed USD 1.25 billion by 2021 Because of its numerous advantages and uses in gene editing. ZFNs are a type of synthetic DNA-binding protein that may cause double-strand breaks in DNA at a user-specified location, providing for targeted gene editing. The ZFNs method may be used for functional genomics/target validation, cell-based screening, and cell line optimization. ZNFs are used in a variety of biotechnological and life science applications to research the genomes of animals and plants. As a result, such a wide variety of ZNF applications is likely to significantly contribute to overall market growth throughout the forecast period. Based on the Application, the animal genetic engineering sector is account for around 29% of the market in 2021 owing to increased consumption of dairy products obtained from domestic animals as well as the rising need for animal products for feed additives, healthy livestock, and other supplies. Animal genetic engineering enables researchers to study and select desired animal breeds in order to collect information on biological functions and applications. Increasing research efforts for the study and use of animal gene editing will contribute to the gene editing market segment during the forecast period. Because certain animal diseases are transmissible to humans, there is a strong focus on the genetic treatment of animal diseases. This disease management is critical owing to the rising consumption of animal-based products such as milk, meat, and poultry in urban areas. Based on the End User, The research institutes segment is expected to grow at a CAGR of more than 17.8% during the forecast period owing to growing government funding and subsidies for research studies. Furthermore, the rising demand for medicinal innovations to treat various genetic and rare diseases throughout the world will contribute to growth. Rising research efforts to change genes of living organisms and improve understanding of gene function are expected to boost the gene editing market growth.

Gene Editing MarketGene Editing Market Regional Insights

In North America, the Gene Editing market is expected to experience strong revenue growth throughout the forecast period. North America had around 38% of the market share in 2021 and is expected to grow significantly during the forecast years due to an increase in the number of rare illnesses in the United States and Canada. According to the National Institutes of Health (NIH), there are roughly 7,000 rare diseases that affect between 25 and 30 million Americans. As a result of the adaptation of new gene editing techniques and technologies, the need for the development of drugs to cure rare diseases increases. The presence of major industry players in North America will encourage the growth of the gene editing market. Gene Editing MarketThe Asia-Pacific region dominated the worldwide Gene Editing market share in 2021. Gene editing techniques are used to treat diseases such as diabetes and cystic fibrosis. Japan is expected to emerge as a major player in the Asia Pacific region as funding for gene editing research increases. Various organizations in Japan that support genome editings such as research institutes and universities, can be associated with the market's rapid growth. The industry has been largely driven in recent years by the increased deployment of CRISPR genome editing technology and growing synthetic gene demand in many biotechnology sectors. The genome editing market is experiencing significant development as a result of increasing R&D spending, increased government funding for genomic research, technological advancements, and higher output of genetically modified crops. Companies have made significant investments in R&D in recent years to develop advanced technologies like CRISPR and TALEN. The Gene Editing Market report forecasts revenue growth at global, and country levels and provides an analysis of the latest industry trends in each of the sub-segments during the forecast period. MMR has segmented the global Gene Editing Market report based on Technology, Application, End User, and region. The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Our team of analysts can also provide you with data in excel files and pivot tables or can assist you in creating presentations from the data sets available in the report.

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Gene Editing Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.1 Bn.
Forecast Period 2022 to 2029 CAGR: 18% Market Size in 2029: US $ 19.17 Bn.
Segments Covered: by Technology • CRISPR • TALEN • ZFN • Antisense • Other technologies
by Application • Cell line Engineering • Genetic Engineering • Other Applications
by End User • Biotechnology & Pharmaceutical Companies • Academic & Research Institutes • Contract Research Organizations

Gene Editing Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Gene Editing Industries are:

• 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) FAQs: 1. Who are the key players in the Gene Editing market? Ans. Bearn Therapeutics, Intellia Therapeutics Inc., CRISPR Therapeutics, Caribou Biosciences, Inc., and Thermo Fisher Scientific Inc. are some of the market players in the Gene Editing industry. 2. Which Technology segment dominates the Gene Editing market? Ans. The CRISPR segment accounted for the largest share of the global Gene Editing market in 2021. 3. How big is the Gene Editing market? Ans. The global Gene Editing market size reached USD 5.1 billion in 2021 and is expected to reach USD 19.17 billion by 2029, growing at a CAGR of 18 % during the forecast period. 4. What are the key regions in the global Gene Editing market? Ans. Based On the region, the market has been classified into North America, Europe, Asia Pacific, Middle, East and Africa, and Latin America. North America dominates the global Gene Editing market.
1. Global Gene Editing Market: Research Methodology 2. Global Gene Editing Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Gene Editing Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Gene Editing Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Gene Editing Market Segmentation 4.1 Global Gene Editing Market, by Technology (2021-2029) • CRISPR • TALEN • ZFN • Antisense • Other technologies 4.2 Global Gene Editing Market, by Application (2021-2029) • Cell line Engineering • Genetic Engineering • Other Applications 4.3 Global Gene Editing Market, by End User (2021-2029) • Biotechnology & Pharmaceutical Companies • Academic & Research Institutes • Contract Research Organizations 5. North America Gene Editing Market(2021-2029) 5.1 North America Gene Editing Market, by Technology (2021-2029) • CRISPR • TALEN • ZFN • Antisense • Other technologies 5.2 North America Gene Editing Market, by Application (2021-2029) • Cell line Engineering • Genetic Engineering • Other Applications 5.3 North America Gene Editing Market, by End User (2021-2029) • Biotechnology & Pharmaceutical Companies • Academic & Research Institutes • Contract Research Organizations 5.4 North America Gene Editing Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Gene Editing Market (2021-2029) 6.1. European Gene Editing Market, by Technology (2021-2029) 6.2. European Gene Editing Market, by Application (2021-2029) 6.3. European Gene Editing Market, by End User (2021-2029) 6.4. European Gene Editing Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Gene Editing Market (2021-2029) 7.1. Asia Pacific Gene Editing Market, by Technology (2021-2029) 7.2. Asia Pacific Gene Editing Market, by Application (2021-2029) 7.3. Asia Pacific Gene Editing Market, by End User (2021-2029) 7.4. Asia Pacific Gene Editing Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Gene Editing Market (2021-2029) 8.1 Middle East and Africa Gene Editing Market, by Technology (2021-2029) 8.2. Middle East and Africa Gene Editing Market, by Application (2021-2029) 8.3. Middle East and Africa Gene Editing Market, by End User (2021-2029) 8.4. Middle East and Africa Gene Editing Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Gene Editing Market (2021-2029) 9.1. South America Gene Editing Market, by Technology (2021-2029) 9.2. South America Gene Editing Market, by Application (2021-2029) 9.3. South America Gene Editing Market, by End User (2021-2029) 9.4 South America Gene Editing Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Thermo Fisher Scientific (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Horizon Discovery Group (UK) 10.3 Merck (Germany) 10.4 Genscript (US) 10.5 Integrated DNA Technologies (US) 10.6 Sangamo Biosciences (US) 10.7 Lonza (Switzerland) 10.8 Origene Technologies (US) 10.9 New England Biolabs (US) 10.10 Transposagen Biopharmaceuticals (US)

About This Report

Report ID 2748
Category Healthcare
Published Date Nov 2022
Updated Date
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