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The gene editing market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 17%, as per The Business Research Company’s market report!

Read More On The Gene Editing Market Report 2022 – https://www.thebusinessresearchcompany.com/report/gene-editing-global-market-report

The Gene Editing Market Size In 2022 And Forecast

The global gene editing market is expected to grow from $5.41 billion in 2021 to $6.35 billion in 2022 at a compound annual growth rate (CAGR) of 17.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The gene editing market is expected to reach $12.04 billion in 2026 at a CAGR of 17.4%.

The gene editing market consists of sales of gene editing technology such as CRISPR/CAS9, zinc finger nucleus, and talens and related services.

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The Rising Infectious Diseases Is Driving The Growth Of The Gene Editing Market

For instance, according to the World Health Organization (WHO), infectious diseases kill more than 17 million people per year. In addition to that, according to the AP-NORC (a research initiative by the Associated Press and the University of Chicago) survey, out of 1,067 adults in the US surveyed, 71% are in favor of gene editing for the treatment of incurable, hereditary diseases such as Huntington’s disease and 67% of Americans support the use of gene editing to prevent diseases such as cancer.

Competitive Landscape And The Regional Analysis Of The Gene Editing Market

Major players in the gene editing market are CRISPR, GenScript USA Inc, Horizon Discovery Group plc, Integrated DNA Technologies, New England Biolabs, OriGene Technologies, Thermo Fisher Scientific, Merck KgaA, GenScript Corporation, Editas Medicine, Lonza Group, Sangamo, DNA 2.0, Bio RAD, Allele, Addgene, Sigma-Aldrich Corporation, Transposagen Biopharmaceuticals, Recombinetics, Precision Biosciences, Promega, Juno Therapeutics, Intellia Therapeutics, Qiagen, GE Healthcare Lonza, Cellectis, Dharmacon, AstraZeneca, and Agilent Technologies.

The Gene Editing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the gene editing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the gene editing market.

Emergence Of Advanced Genome Editing Techniques – A Key Trend In The Gene Editing Market

Gene editing (also called genome editing) is a group of technologies that allow the researchers to change an organism’s DNA by adding, removing or altering genetic material at particular locations in the genome. The emergence of advanced genome editing techniques is one of the major trends in the gene editing market. The new techniques in genome editing are relatively inexpensive and can be used in a variety of application areas such as improving the food supply in agriculture, rectifying specific genetic mutations in the human genome and preventing the spread of diseases.

Gene Editing Market Segmentation By The Business Research Company

1) By Technology: CRISPR, TALEN, ZFN

2) By End Users: Biotechnology, Pharmaceutical, Contract Research Organization

3) By Application: Animal Genetic Engineering, Plant Genetic Engineering, Cell Line Engineering

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