Genome Editing Market Trends, Opportunities and Forecast By 2030
Data Bridge Market Research analyses that the global genome editing market, which was USD 5,512.13 million in 2022, is expected to reach USD 18,400.23 million by 2030 and is expected to undergo a CAGR of 17.2% during the forecast period of 2023 to 2030.
Genome Editing Market Growth, Demand and Forecast 2030
The Genome Editing Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2030. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.
Brief Overview of the Genome Editing Market:
The global Genome Editing Market is expected to experience substantial growth between 2024 and 2030. Starting from a steady growth rate in 2023, the market is anticipated to accelerate due to increasing strategic initiatives by key market players throughout the forecast period.
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Which are the top companies operating in the Genome Editing Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Genome Editing Market report provides the information of the Top Companies in Genome Editing Market in the market their business strategy, financial situation etc.
Merck KGaA (Germany), GenScript (China), Sangamo Therapeutics (U.S.), Lonza (Switzerland), Editas Medicine (U.S.), CRISPR Therapeutics (Switzerland), Tecan Trading AG (Switzerland), Precision Biosciences (U.S.), PerkinElmer Inc. (U.S.), Cellectis S.A (France), Genome Medical, Inc. (U.S.), BioMed Central Ltd (U.K.), Aevi Genomic Medicine, Inc. (Israel), Congenica Ltd. (U.K.), Deep Genomics (Canada), Editas Medicine (U.S.), Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.) QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), and Bio-Rad Laboratories, Inc. (U.S.)
Report Scope and Market Segmentation
Which are the driving factors of the Genome Editing Market?
The driving factors of the Genome Editing Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.
Genome Editing Market - Competitive and Segmentation Analysis:
**Segments**
- Based on Technology: CRISPR/Cas9, TALEN, ZFN, Others
- Based on Application: Cell Line Engineering, Genetic Engineering, Others
- Based on End-User: Biotechnology & Pharmaceutical Companies, Academic & Research Institutes, Contract Research Organizations
**Market Players**
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Horizon Discovery Group plc
- Genscript
- Sangamo Therapeutics
- Editas Medicine
- CRISPR Therapeutics
- Intellia Therapeutics
- Lonza
- New England Biolabs
The global genome editing market is witnessing significant growth with a CAGR of 18.67% during the forecast period of 2021 to 2030. Factors such as the increasing prevalence of genetic disorders, rising investments in genomics research, and advancements in gene editing technologies are driving the market forward. The market segmentation based on technology includes CRISPR/Cas9, TALEN, ZFN, and others. Among these, the CRISPR/Cas9 segment dominates the market due to its cost-effectiveness, efficiency, and precision in gene editing. The application segment is categorized into cell line engineering, genetic engineering, and others, with cell line engineering holding a major market share owing to its widespread applications in developing cell therapies and biologics. Furthermore, based on end-user, biotechnology & pharmaceutical companies are the key contributors to market revenue due to their focus on developing novel therapies through genome editing technologies.
When it comes to market players, key companies driving the global genome editing market include Thermo Fisher Scientific Inc., Merck KGaA, Horizon Discovery Group plc, Genscript, Sangamo Therapeutics, Editas Medicine, CRISPR Therapeutics, Intellia Therapeutics, Lonza, and New England Biolabs. These players are heavily investing in research and development activities to introduce innovative genome editing solutions and maintain their competitive edge in the marketThe global genome editing market is highly competitive with key players constantly engaged in research and development activities to innovate and introduce cutting-edge solutions. Thermo Fisher Scientific Inc. is a prominent player in the market, offering a wide range of products and services for genome editing. Merck KGaA is another significant player known for its diverse portfolio of gene editing tools and technologies. Horizon Discovery Group plc is a leading provider of gene-editing services and cell line engineering solutions, catering to the needs of biotechnology and pharmaceutical companies.
Genscript is a key player specializing in CRISPR technology and providing customized genome editing services. Sangamo Therapeutics is renowned for its pioneering research in gene therapy and genome editing. Editas Medicine, CRISPR Therapeutics, and Intellia Therapeutics are leading biotech companies focused on developing novel therapies using CRISPR/Cas9 technology. Lonza is a major player offering manufacturing and biotechnological services for genome editing applications. New England Biolabs is a key player known for its expertise in enzyme production and molecular biology research.
The market for genome editing is expected to witness substantial growth due to increasing investments in genomics research and the rising prevalence of genetic disorders requiring advanced treatment solutions. CRISPR/Cas9 technology is leading the market segment due to its cost-effectiveness, high efficiency, and precise gene-editing capabilities. Cell line engineering is a significant application area for genome editing, especially in the development of cell therapies and biologics, which is driving market growth. Biotechnology and pharmaceutical companies are the primary end-users of genome editing technologies, contributing significantly to market revenue through their focus on developing innovative therapies.
The global genome editing market is poised for further expansion as advancements in gene editing technologies continue to evolve, providing new avenues for research and therapeutic interventions. Companies like Thermo Fisher Scientific Inc., Merck KGaA, and Horizon Discovery Group plc are at the forefront of driving innovation in the field of genome editing. With ongoing research and development efforts,**Market Players**
- Merck KGaA (Germany)
- GenScript (China)
- Sangamo Therapeutics (U.S.)
- Lonza (Switzerland)
- Editas Medicine (U.S.)
- CRISPR Therapeutics (Switzerland)
- Tecan Trading AG (Switzerland)
- Precision Biosciences (U.S.)
- PerkinElmer Inc. (U.S.)
- Cellectis S.A (France)
- Genome Medical, Inc. (U.S.)
- BioMed Central Ltd (U.K.)
- Aevi Genomic Medicine, Inc. (Israel)
- Congenica Ltd. (U.K.)
- Deep Genomics (Canada)
- Editas Medicine (U.S.)
- Illumina, Inc. (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- QIAGEN N.V. (Netherlands)
- Agilent Technologies, Inc. (U.S.)
- Bio-Rad Laboratories, Inc. (U.S.)
The global genome editing market is experiencing a surge in growth driven by several key factors. The increasing prevalence of genetic disorders and the expanding scope of genomics research are primary drivers for market expansion. Additionally, the continuous advancements in gene editing technologies, such as CRISPR/Cas9, TALEN, and ZFN, are opening up new possibilities for targeted genetic modifications. The market segmentation based on technology, application, and end-user provides insights into the varied dynamics influencing market trends
North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Genome Editing Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.
Similarly, Europe plays a crucial role in the global Genome Editing Market, expected to exhibit impressive growth in CAGR from 2024 to 2030.
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Key Benefits for Industry Participants and Stakeholders: –
- Industry drivers, trends, restraints, and opportunities are covered in the study.
- Neutral perspective on the Genome Editing Market scenario
- Recent industry growth and new developments
- Competitive landscape and strategies of key companies
- The Historical, current, and estimated Genome Editing Market size in terms of value and size
- In-depth, comprehensive analysis and forecasting of the Genome Editing Market
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2030) of the following regions are covered in Chapters
The countries covered in the Genome Editing Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa
Detailed TOC of Genome Editing Market Insights and Forecast to 2030
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Genome Editing Market Landscape
Part 05: Pipeline Analysis
Part 06: Genome Editing Market Sizing
Part 07: Five Forces Analysis
Part 08: Genome Editing Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Genome Editing Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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