Genome Editing/Genome Engineering Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theGenome Editing/Genome Engineering Market?
The escalation of cancer and other genetic disorders is predicted to fuel the expansion of the genome editing/engineering market. Cancer is a disease characterized by uncontrolled growth and spread of certain body cells. Genome engineering can rapidly generate immune cells and oncolytic viruses for the treatment of cancer. For example, a report published by the World Health Organization (WHO), a Switzerland-based United Nations health agency, in February 2022 stated that nearly 10 million deaths, equivalent to nearly one in six deaths, were due to cancer, making it the top cause of death globally. Additionally, a study by the Centers for Disease Control and Prevention (CDC), a US-based national public health organization, in June 2022 disclosed that there were 1,752,735 new cases of invasive cancer in the US in 2019, which included 863,830 women and 888,905 men. The prevalence rate for all cancers was 439 per 100,000 individuals in the general populace. As such, the escalating incidence of cancer and other genetic disorders is promoting the expansion of the genome editing and genome engineering market.
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#What is the Growth Potential of the Genome Editing/Genome Engineering Market, and How Will It Perform by 2034?
The market size for genome editing/genome engineering has seen a quick expansion in the previous years. Projected to rise from $8.62 billion in 2024 to $10.2 billion in 2025, it is set to experience a compound annual growth rate (CAGR) of 18.2%. The substantial growth observed in the historic period can be linked to the surge in genetic and genomics research, an increase in genetic diseases, advancements in gene therapy, investments in biotechnological and life sciences, prospects in agricultural applications, and uses in model organisms.
The market for genome editing/genome engineering is projected to experience significant expansion in the upcoming years, estimated to reach $20.81 billion by 2029 with an impressive compound annual growth rate (CAGR) of 19.5%. This growth during the forecast period can be credited to several factors including the emergence of prime editing, a concentrated emphasis on ethical and regulatory frameworks, an increased usage in drug discovery, therapeutic potential for genetic diseases, personalized solutions for gene function studies, and a rising intrigue in epigenome editing. Key trends during this period will encompass advances in Crispr technology, expanded applications in therapeutics, the introduction of new genome editing tools, investments and partnerships, improved delivery systems, and the utilization of artificial intelligence (AI) in gene editing design.
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What Are the Current Market Growth and Trends in theGenome Editing/Genome Engineering Market That Industry Players Should Watch?
There is a growing trend in the genome editing/engineering market towards advancements in gene editing technology. Prominent companies in this sphere are focused on developing breakthrough technology solutions to strengthen their standing. For example, in May 2022, a fast and efficient process for gene editing in insects was revealed by researchers from Kyoto University and the Spain-based Institute of Evolutionary Biology (CSIC-Universitat Pompeu Fabra), a research university with a focus on evolutionary biology. Known as Direct parental CRISPR (DIPA-CRISPR), this novel technique involves injecting substances into eggs that are developing in adult females, instead of embryos. This approach enables researchers to circumvent the need for microinjecting CRISPR material into insect embryos.
What Are the Major Market Players Making an Impact on theGenome Editing/Genome Engineering Market Growth?
Major companies operating in the genome editing/genome engineering market are Thermo Fisher Scientific Inc., Merck Group, Genscript Biotech Corp, Sangamo Therapeutics Inc., Lonza Group AG, Editas Medicine Inc., CRISPR Therapeutics AG, Agilent Technologies Inc., Intellia Therapeutics, bluebird bio Inc., Transposagen Biopharmaceuticals Inc., Tecan Trading AG, Precision BioSciences, PerkinElmer Inc., Cellectis S.A, Applied StemCell Inc., Bio-Rad Laboratories Inc., Bio-Techne, Creative Biogene, Cyagen Biosciences, Dharmacon Inc., Eurofins Genomics LLC, Evotec SE, GeneCopoeia Inc., Genewiz, Horizon Discovery Group PLC, Inscripta Inc., Integrated DNA Technologies Inc., MaxCyte Inc., New England Biolabs, Novartis International AG.
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How Are the Key Segments of the Genome Editing/Genome Engineering Market Driving Opportunities and Innovations?
The genome editing/genome engineering market covered in this report is segmented –
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
Subsegments:
1) By Reagents And Consumables: CRISPR Or Cas9 Kits, TALENs Kits, Zinc Finger Nucleases (ZFNs), Donor DNA Templates, Nucleotide Reagents
2) By Software And Systems: Genome Editing Design Software, Analysis And Visualization Tools, Workflow Management Systems
3) By Services: Gene Synthesis And Cloning Services, Custom Genome Editing Services, Consulting Services For Genome Editing Projects
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https://www.thebusinessresearchcompany.com/customise?id=8010&type=smpGlobal Genome Editing/Genome Engineering Market, Global Genome Editing/Genome Engineering Market Report, Global Genome Editing/Genome Engineering Market Trends, Global Genome Editing/Genome Engineering Market Size
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