The Road Ahead for the Gastrointestinal Devices Market: Key Growth Trends and Opportunities to Watch
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What CAGR is Anticipated for the Gastrointestinal Devices Market During the Forecast Period, and Why?
The market size for gene editing has seen significant expansion recently. The projection is a rise from $8.82 billion in 2024, to $10.34 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 17.3%. The growth observed in the historic period is due to factors such as the discovery of crispr-cas9, advances in genetic sequencing, groundbreaking medical discoveries, funding for scientific research, and expansion in the biotechnology sector.
The market size for gene editing is anticipated to experience a significant surge in the coming years, ballooning to $20.79 billion in 2029 with a compound annual growth rate (CAGR) of 19.1%. The predicted expansion during the forecast period may be due to the proliferating therapeutic applications, improvements in precision and efficiency, commercialization of gene therapy, development of agricultural applications, and growth of regenerative medicine. Key trends during the forecast period will likely include multiplex editing techniques, innovations in base editing, gene drives and population modification, non-viral delivery systems, as well as disease modeling and drug discovery.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Market?
Increasing instances of communicable diseases are driving the growth of the gene editing market, as these techniques become instrumental for identifying and treating such illnesses. Communicable diseases, which can be spread from humans to other humans, animals, or even the environment, are caused by infectious agents like bacteria, parasites, and viruses. As a result, gene editing technologies are finding greater use in the creation of focused strategies, aimed at identifying and battling pathogens on a genetic level. This has facilitated both disease prevention and management. As reported by the World Economic Forum in 2023, a non-governmental organization located in Switzerland, infections such as respiratory syncytial virus (RSV) and influenza have seen a rise post-pandemic. The US saw an estimate of 24 million illnesses, 16,000 deaths, and 260,000 hospitalizations due to influenza, as of February 2023. Moreover, the World Health Organization stated in 2022 that tuberculosis afflicted 10.6 million globally, and was responsible for 1.3 million deaths. Therefore, the role of communicable diseases in propelling the gene editing market is undeniable.
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Which Companies Are Poised to Shape the Future of the Gastrointestinal Devices Market?
Major companies operating in the gene editing market include:
• AstraZeneca plc_x000D_
• Thermo Fisher Scientific Inc._x000D_
• Merck KGaA_x000D_
• GE Healthcare Life Sciences_x000D_
• Agilent Technologies Inc._x000D_
What Are the Latest Innovations and Trends Influencing the Gastrointestinal Devices Market?
Leading firms in the gene editing markets are pioneering breakthrough technology in gene editing, like a method focused on unique cell-penetrating peptides, which offers benefits over existing techniques and could impart a competitive advantage. This strategy could also drive the creation of enhanced cell treatments for cancer and various diseases. For example, in April 2023, Penn Medicine, a renowned multi-hospital health system in the US, discovered that protein segments utilized by certain viruses to infiltrate cells could also be applied to introduce CRISPR-Cas gene editing molecules into cells and their DNA-loaded nuclei with exceptional efficiency and minimal cellular toxicity. Researchers predict this novel method will be especially beneficial in modifying T cells and other patient’s cells to devise cell therapies. One potential application could be CAR T (chimeric antigen receptor T cell) therapy that employs specially adapted immune cells from a patient to combat cancer. This innovative approach to cell genetic engineering predicts a substantial enhancement in speed, efficiency, and a decrease in cellular toxicity relative to present methods.
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Which Segments Play a Crucial Role in the Expansion of the Gastrointestinal Devices Market?
The gene editing market covered in this report is segmented –
1) By Technology: CRISPR, TALEN, ZFN
2) By Application: Animal Genetic Engineering, Plant Genetic Engineering, Cell Line Engineering
3) By End Users: Biotechnology, Pharmaceutical, Contract Research Organization
Subsegments:
1) By CRISPR: CRISPR-Cas9, CRISPR-Cas12, CRISPR-Cas13, CRISPR-based Gene Drives
2) By TALEN (Transcription Activator-Like Effector Nucleases): Custom TALENs, Commercial TALEN Kits
3) By ZFN (Zinc Finger Nucleases): Custom ZFNs, Commercial ZFN Kits
What Regions Are Contributing Significantly to the Growth of the Gastrointestinal Devices Market?
North America was the largest region in the gene editing market in 2024. Western Europe was the second largest region in the global gene editing market share. The regions covered in the gene editing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Definition of the Gastrointestinal Devices Market Impacting Future Growth?
Gene editing is a technology that allows genetic material to change genetic code at a particular location in a genome. It involves cell line engineering, animal genetic engineering, and plant genetic engineering.
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