According to Emergen Research, the global gene editing market size was USD 5.20 billion in 2020 and is expected to reach USD 18.50 billion in 2028 and register a revenue CAGR of 17.2% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Gene Editing Market, By Technology (CRISPR/Cas-9, TALENS, ZFN, ANTISENSE, Others), By Application (Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering, Diagnostic Applications, Drug Discovery and Development, Others), By End-use (Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, Contract Research Organizations, Others), and By Region Forecast to 2028”
According to Emergen Research, the global gene editing market size was USD 5.20 billion in 2020 and is expected to reach USD 18.50 billion in 2028 and register a revenue CAGR of 17.2% during the forecast period, 2021-2028.
Market Dynamics:
The global gene editing market revenue growth is majorly attributed to factors such as growing prevalence of chronic and genetic disorders globally, increasing research & development activities in the field of genomics, continuous advancements in gene therapy, and increasing applications of genome editing technologies in the pharmaceutical, biotechnological, and agricultural sectors. Technological advances in gene editing tools, rapid spread of the novel coronavirus worldwide, and increasing use of CRISPR-based diagnostic tools to detect the SARS-CoV-2 virus are among the other key factors expected to drive the global market revenue growth over the forecast period.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/132
Genome editing refers to the process that modifies and changes the DNA of organisms. The latest upgrades in gene editing techniques, such as CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) and CRISPR-Cas9, are revolutionizing the field of genomics. Genome editing helps understand the pathophysiology of a wide range of human diseases, and advanced gene therapies are being used in treatment of various life-threatening diseases such as diabetes and cancer.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
CRISPR/Cas-9 Segment Accounted for Largest Revenue Share in 2020:
Based on technology, the global gene editing market is segmented into CRISPR/Cas-9, TALENS, ZFN, ANTISENSE, and Others. The CRISPR/Cas-9 segment accounted for the largest revenue share in the global market in 2020. Increasing clinical applications of the CRISPR/Cas-9 technology, such as treatment of complex genetic diseases, cancer, and AIDS, continuous advances in gene editing systems, increasing R&D programs in genetic engineering, and rising focus of pharmaceutical and biotechnology companies on stem cell research are key factors driving revenue growth of this segment.
Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/132
Biotechnology and Pharmaceutical Companies Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global gene editing market is segmented into Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, Contract Research Organizations (CROs), and Others. The biotechnology and pharmaceutical companies segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Factors contributing to the revenue growth of this segment are rising prevalence of chronic and genetic disorders worldwide, rapid spread of infectious diseases such as the novel coronavirus disease, technological advancements in genome editing, increasing research & development projects in genomics, and growing demand for novel therapeutics.
North America Accounted for Largest Revenue Share in 2020:
The North America gene editing market dominated other regional markets in terms of revenue share in the global market in 2020. Growing prevalence of chronic and genetic diseases, rapid spread of the coronavirus disease, increasing research & development activities in genetic engineering, availability of state-of-the-art healthcare infrastructure, and robust presence of key market players in the region, such as Thermo Fisher Scientific, Lonza, Agilent Technologies Inc., and PerkinElmer Inc., are key regional market growth drivers.
Major Companies in the Global Gene Editing Market Include:
- Thermo Fisher Scientific
- Merck KGaA
- GenScript
- Sangamo Therapeutics
- Lonza
- Editas Medicine
- CRISPR Therapeutics AG
- Tecan Life Sciences
- Precision Biosciences
- Agilent Technologies Inc.
- PerkinElmer Inc.
- Cellectis S.A.
- Intellia Therapeutics
- Bluebird Bio
- Regeneron Pharmaceuticals
- Synthego
- Vigene Biosciences
- Beam Therapeutics
- Creative Biogene
- Transposagen Biopharmaceuticals
- Recombinetics
- Integrated DNA Technologies
- New England Biolabs
- OriGene Technologies
- Caribou Biosciences
For the purpose of this report, Emergen Research has segmented the global gene editing market on the basis of technology, application, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2018-2028)
- CRISPR/Cas9
- TALENS/MegaTALs
- ZFN
- ANTISENSE
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Cell Line Engineering
- Animal Genetic Engineering
- Plant Genetic Engineering
- Diagnostic Applications
- Drug Discovery and Development
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Biotechnology and Pharmaceutical Companies
- Academic and Government Research Institutes
- Contract Research Organizations (CROs)
- Others
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/gene-editing-market
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Explore Similar Reports offered by Emergen Research:
Data Fabric Market By Component (Solution, Service), By Type (In-Memory Data Fabric, Disk-Based Data Fabric), By Deployment (On-Premises, On-Cloud), By Organization Size, By Application, By End-Use, and By Region Forecast to 2028.
Data Visualization Market Size, Share, Trends, By Component (Software, Service, Solution), By Deployment (Cloud and On-Premises), By Enterprise (Small, Medium, Large), By End Use (Healthcare, Education, Government), and By Region Forecast to 2028.
Internet of Nanothings Market Size, Share, Trends, By Product Type (Nano Phones, Nanosensors, others), By Communication Type, By Network Architecture Type, By Application, and By Region Forecast to 2028.
Decision Intelligence Market, By Model (Human-based, Hybrid-based, Machine-based), By Software (Analytics, Machine Learning), By Provider (Big Cloud Providers, Start-Ups), By Application, By End-Use, and By Region Forecast to 2030
Geographic Information System Software in Agriculture Market, By Deployment (On-premise, On-cloud), By Application (Crop Monitoring, Irrigation Monitoring, Soil Analysis, Others), and By Region Forecast to 2028.
Blockchain Distributed Ledger Market Size, Share, Trends, By Component (Solution, Services), By Type (Public, Private), By Enterprise Size (Large, Small & Medium), By Application (Payments, Trade Finance), By End-use (BFSI), and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-gene-editing-market