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Gene editing Market Research Report Information By Technology (CRISPR, TALEN, ZFN, Antisense, and others), Application (Genetic Engineering, Gene Therapy, Cell Line Engineering, and Others), End User (Biotechnology and Pharmaceutical Companies, Contract Research Organizations (CROs), and Academic & Government Research Institutes ) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2032.
According to MRFR analysis, the global Gene Editing Market is expected to register a CAGR of 20.9% from 2023 to 2032 and hold a value of over USD 39.79 billion by 2032.
Gene editing, genome editing, or genome engineering is a type of genetic engineering in which the gene of a particular organism is modified, added, or deleted for treatment of particular diseases. Early methods of gene editing have led to the insertion of the genome sequence within the cell such as homologous recombination.
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Segmentation
The segmental study of the gene editing market is conducted on the basis of methods, applications, and end users.
On the basis of application, the gene editing market is segmented as plant genetic engineering, microorganism’s genetic engineering, animal genetic engineering, and gene and cell therapy.
On the basis of end users, the gene editing market is segmented into pharmaceuticals, biotechnology, and contract research organizations. Based on methods, the gene editing market is segmented as Antisense technology, CRISPR, TALEN, and ZFN.
Key Players
Some of the top market players are Horizon Discovery Group plc (U.K.), Integrated DNA Technologies, Inc. (U.S.), Lonza Group Ltd. (Switzerland), New England Biolabs, Inc. (U.S.), OriGene Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sangamo Biosciences, Inc. (U.S.), GenScript USA Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), and Transposagen Biopharmaceuticals, Inc. (U.S.).
Regional Analysis
On the regional basis, the market is segmented into Americas, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA).
The Americas are predicted to dominate the market owing to developments in drug discovery, investments in drugs and vaccines, rise in research studies, and mushrooming of the biotechnology sector. The increase in research expenditure, incidence of chronic diseases, and use of stem cells are major drivers of the market. The U.S., in particular, will drive the market growth till 2023. Sale of do-it-yourself (DIY) genetic engineering kits can lead to research at home and create interest among budding scientists. However, the ban on the sale of such kits may hamper its growth.
Browse In-depth Market Research Report (111 Pages) on Gene Editing: https://www.marketresearchfuture.com/reports/gene-editing-market-707
APAC, on the other hand, is likely to display the fastest growth rate during the forecast period owing to funds invested in public research organizations to further research in biotechnology. Establishment of gene editing companies and increased spending on research and development can fuel the market growth. Production of generic drugs and presence of contract research organizations will bode well for the global gene editing market.
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