(MENAFN- Ameliorate Digital Consultancy) Global demand for Genome Engineering market is expected to grow at a CAGR of 17.6% from 2023 to 2028. The global market for Genome Engineering is expected to reach US$ 13.1 billion by the end of 2028.
The genome engineering industry has been witnessing significant growth in recent years and is expected to continue to grow in the future. The increasing demand for gene editing and genetic engineering technologies for various applications such as drug development, personalized medicine, and agriculture is driving the growth of the genome engineering industry.
Exactitude Consultancy Insights has recently added a research report on global genome engineering market to their database, offering a comprehensive overview of the Genome Engineering industry. The report offers details about current and emerging market trends to help users and stakeholders gain precise market insights. It reports detailed information about market size, market share, drivers, restraints, growth opportunities and challenges. The report is generated with extensive primary and secondary research, later evaluated by experts and professionals in the market.
COVID 19 Impacts:
The COVID-19 pandemic has drastically changed the dynamics of the global market in terms of production, supply chains, and financial markets. The report offers complete analysis of the global market pre and post COVID outbreak considering political, social, economic and technological parameters.
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Genome Engineering Market Segment by Key Players- Biosciences LLC, Horizon Discovery Group PLC, Takara Bio, GeneCopoeia, Inc., and Cellecta, Inc., and others.
Industry News and Updates:
December 09, 2021: Thermo Fisher Introduces Protein To Advance CRISPR Gene Editing
Thermo Fisher Scientific recently introduced its new protein, Invitrogen TrueCut HiFi Cas9 Protein, to complement its growing CRISPR gene editing solutions portfolio. CRISPR technology has become an increasingly popular tool used to edit human genes, also known as in vivo gene editing. But this type of editing often results in edits in unintended locations. Therefore, limiting off-target effects is crucial for applications, including translational research, drug screening, and drug modeling as researchers look to future therapeutic development.
Market Overview:
One of the key factors driving the growth of the genome engineering industry is the increasing adoption of CRISPR/Cas9 technology. This technology is a powerful gene-editing tool that enables precise and efficient editing of genes. It has revolutionized the field of genome engineering and has led to the development of new gene therapies, diagnostic tools, and drug discovery platforms.
Moreover, the increasing investment by governments and private organizations in research and development of genome engineering technologies is expected to further fuel the growth of the genome engineering industry. The focus is on developing new and advanced genome engineering technologies that are more efficient and cost-effective. Genome engineering technologies enable the development of personalized medicine by targeting specific genes and mutations that are associated with various diseases.
Geographically, North America is expected to dominate the genome engineering industry due to the presence of major market players and the increasing adoption of gene-editing technologies in the region. The Asia-Pacific region is also expected to witness significant growth due to the increasing investments in biotechnology research and development in countries such as China and India. Overall, the genome engineering industry is poised for continued growth in the coming years, driven by the increasing demand for gene-editing technologies and the growing need for personalized medicine and advanced drug discovery platforms.
Competitive Landscape:
The research report sheds light on competitive landscape of the global market with details of every market player and its activities such as license agreement, global standing, economic activity and plans, and revenue generation among others. The global market is highly fragmented and consists of key players operating at regional and global level. These key players are adopting various strategies such as joint ventures, collaborations, R&D investments, and mergers and acquisitions to gain robust footing in the market.
Market Dynamics:
The report looks at historical evidence as well as current technology for accessing primary driving forces that can impact global Genome Engineering market growth. It inspects a variety of market prospects such as benefits, product pricing, supply, demand, and growth rate. In addition, the study provides a variety of financial aspects such as shares, expenses, profits, and sales in order to help users with detailed market understanding.
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Global Market Segmentation:
The global market is segmented on the basis of type, application:
Genome Engineering Market by Technology Type, 2018-2025, (In USD Million)
CRISPR
TALEN
ZFN
Others
Genome Engineering Market by Application, 2018-2025, (In USD Million)
Gene Therapy
Disease Modules
Functional Genomics
Knockdown/Activation
Other Applications
Genome Engineering Market by End User, 2018-2025, (In USD Million)
Biotechnology & Pharmaceutical Companies
Contract Research Organizations
Academic & Government Research Institutes
Other End Users
Segment By Region
North America Europe Germany France UK Italy Russia
Asia Pacific China Japan South Korea India Australia Taiwan Indonesia Malaysia Philippines Vietnam
Latin America Middle East & Africa
Silent Features of the report:
Detailed analysis of the global Genome Engineering market in terms of drivers, restraints, growth opportunities, challenges and risks Latest development and trends of the global market Historical, current and forecast market size, share Competitive landscape and strategic alliances of key companies Impact of COVID-19 on the Genome Engineering industry
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