Global Genome Editing Or Genome Engineering Market Size
Healthcare Services

Future Growth Forecast For The Genome Editing Or Genome Engineering Global Market 2023-2032

The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

Navigating the Growth Landscape of the Global Genome Editing/Genome Engineering Market
Unveiling Market Growth
The global genome editing/genome engineering market is set for remarkable growth, with its size anticipated to surge from $6.11 billion in 2022 to $7.20 billion in 2023, boasting a robust Compound Annual Growth Rate (CAGR) of 17.8%. Looking ahead, the market is projected to reach $14.22 billion by 2027, maintaining a formidable CAGR of 18.5%. However, recent geopolitical events have cast a shadow on the global economic recovery.

Impact of Russia-Ukraine War on Global Economy

  • Short-Term Disruption: The war disrupted the chances of global economic recovery from the COVID-19 pandemic.
  • Economic Sanctions: Multiple countries faced economic sanctions due to the conflict.
  • Commodity Price Surge: The war led to a surge in commodity prices, impacting various industries.
  • Supply Chain Disruptions: Disruptions in the supply chain caused inflation across goods and services.

The ongoing conflict has created ripple effects across markets, affecting economic trajectories and introducing uncertainties.

Driving Forces: Prevalence of Cancer and Genetic Disorders

  • Cancer Statistics: Nearly 10 million deaths, one in six worldwide, were caused by cancer in 2022 (WHO).
  • US Incidence: In 2019, 1,752,735 new cases of invasive cancer reported in the US (CDC).
  • Rise in Genetic Disorders: Growing prevalence of genetic disorders fuels market growth.

The surge in cancer cases globally, coupled with the prevalence of genetic disorders, is a key driver propelling the genome editing/genome engineering market forward.

Major Players Shaping the Landscape

  • Industry Giants: Thermo Fisher Scientific Inc., Merck Group, Genscript Biotech Corp., and others.

The market is characterized by the presence of major players, each contributing to the growth and evolution of genome editing technologies.

Trending: Technological Advancements in Gene Editing

  • Continuous Innovation: Companies focus on creating innovative technological solutions.
  • Example: In May 2022, researchers unveiled a quick and effective method for editing genes in insects.
  • Novel Technique: Direct parental CRISPR (DIPA-CRISPR) simplifies gene editing in insects, avoiding the need for embryo injection.

Technological advancements, exemplified by innovations like DIPA-CRISPR, underscore the dynamic nature of the genome editing/genome engineering market.

Market Segmentation: A Comprehensive Overview

  1. By Product And Service:
    • Reagents And Consumables
    • Software And Systems
    • Services
  2. By Technology:
    • CRISPR
    • TALEN
    • ZFN
    • Antisense
    • Other Technologies
  3. By Application:
    • Cell Line Engineering
    • Genetic Engineering
    • Diagnostic Applications
    • Drug Discovery And Development
    • Other Applications
  4. By End User:
    • Biotechnology Companies
    • Pharmaceutical Companies
    • Academic And Government Research Institutes

The market segmentation offers insights into the diverse applications and end-users leveraging genome editing/genome engineering technologies.

Regional Dynamics: Market Leaders and Emerging Growth

  • Current Leader: North America held the largest share in the gene editing/genome engineering market in 2022.
  • Emerging Growth: Asia-Pacific is poised to be the fastest-growing region during the forecast period.

The regional dynamics showcase a global landscape with varied growth trajectories, emphasizing the widespread adoption of genome editing technologies.

View More On The Genome Editing Or Genome Engineering Market Report 2023 –

Request A Sample Of The Global Genome Editing Or Genome Engineering Market Report 2023:

The Genome Editing Or Genome Engineering Global Market Report 2023  provides a comprehensive overview on the genome editing or genome engineering market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Gene Editing Global Market Report 2023
Gene Therapy Global Market Report 2023
Cell And Gene Therapy Global Market Report 2023

Contact us at:
The Business Research Company:
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
Global Market Model: