Gene Editing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
The latest business intelligence study indicates that the global gene editing market was initially evaluated at US$ 3.9 Bn in the base year of the study i.e., 2021. It also predicts that the global gene editing market will surpass this initial evaluation and hit the final mark of US$ 7.4 Bn at the end of the forecast period in 2031.
The research report also projects that the global gene editing market will record a significant growth rate of 6.7 % over the forecast years i.e, 2022 to 2031. The products and solutions offered by the players in the global gene editing market offer genetic scientists with means and tools to alter the DNA of an organism.
The rising focus and investment in genetic sciences, as well as the requirement for effective treatment of various single-gene disorders, such as sickle cell anemia, hemophilia, and cystic fibrosis, are propelling the demand for effective solutions from the global gene editing market. Furthermore, the increasing demand for genetically modified crops is also bolstering the demand within the global gene editing market.
Gene editing or genome editing is the targeted insertion or modification of cells in living organism or cells and the method has come to occupy a crucial part of biomedical researches, constantly transforming various disciplines of life sciences. Over the past few years, continuous advancements in gene-editing technologies have led to the advent of several versatile methods, which have enabled investigators to introduce a number of sequence-specific changes into the genomes of a variety of cell types.
This has facilitated the discovery of promising human gene therapies proving useful for treating various diseases. The use of targeted nucleases or engineered nucleases in laboratories has provided researchers potential tools to economically and rapidly manipulate almost any genomic sequence for a broad range of cell types.
In recent years, gene editing techniques have been witnessed a paradigmatic shift with the advent of methods such as clustered regularly interspaced short palindromic repeats (CRISPR)-CRISPR-associated protein 9 (Cas9), zinc-finger nucleases (ZFNs), and transcription activator-like effector nucleases (TALENs).
Using these technologies, investigators have been successful in generating a wide spectrum of outcomes, which are likely to prove useful in diverse areas as synthetic biology, disease modeling, neurosciences, and drug discovery. For instance, targeted nuclease have enabled the insertion of targeted DNA double-strand breaks (DSBs). This has led to the activation of DNA repair pathways in various cells. In vivo applications of various gene editing tools, however, suffer from noticeable constraints.
For instance, nuclease delivery or expression can be enabled only in diseased cells, thereby limiting potential of the market to an extent. Nevertheless, constant engineering advances are being made which will expectedly lay robust groundwork for expanding the current array of genome-modifying tools which may drive gene editing market.
Gene editing involves the insertion, deletion, or replacement of DNA at specific sites in the genome of a cell or an organism. It is usually achieved in a laboratory environment using molecular scissors.
Regulations for the security of life, well-being of plants and animals, human health, and environmental compliance will influence market players for increased focus on import, export, and commercialization of genetically modified organisms (GMOs).
The report is an all-important tool to comprehend the various factors and growth trends that will influence the growth of the gene editing market between 2017 and 2025. The market study is a collective of facts and factoids that are associated with the global gene editing market in a chronological order.
The analysis of past data and current market trends enable research analysts to present a satisfactory conclusion regarding the market’s future. Thus, the analysis presented in the report can be used to devise successful business strategies for the future. Using standard analytical tools such as Porter’s Five Forces and SWOT analysis, the report presents the indices of strength, weakness, opportunities, and threats of the global gene editing market until the end of the forecast period in 2025.
The increasing expenditures on research and development, growth of the biotechnology and pharmaceutical companies, and rising demand for synthetic genes are the major factors driving the global gene editing market.
The increasing prevalence of infectious diseases, cancer, and other genetic disorders is steering the growth of the gene editing industry. Moreover, the increasing demand for personalized medicine and advancement of medical science is propelling the industry’s demand.
However, strict government regulations to receive approval for mutation undertakings and lack of public awareness will challenge the growth of the gene editing market. Government regulations for assessing the medical benefits as well as the potential hazards of gene editing procedure will benefit the growth of this market.
The global gene editing market can be analyzed on the basis of technology, end user, application, and region. In terms of technology, the market can be segmented into CRISPR, ZFN, TALEN and others. On the basis of application, the global gene editing market can be divided into cell line engineering, plant genetic engineering, animal genetic engineering, and others. By end user, the market can be segmented into biotechnology and pharmaceutical companies, contract research organizations, and academic and government institutes.
The global gene editing market can be divided into the regional segments of North America, Europe, Asia Pacific, and Rest of the World. The U.S. gene editing market is expected to display robust growth due to growth trend manifested by biotechnology and pharmaceutical companies and adoption of advanced technologies such as CRISPR for treating chronic hereditary diseases.
In Europe, the U.K. is expected to contribute significantly to the growth of the gene editing market in this region. This is mainly due to the rising geriatric population and increasing incidence of chronic diseases. The Asia Pacific gene editing market is expected to display fast growth rate in the coming years. The rising geriatric population, modernization of healthcare practices, technological advancements, and government initiatives for controlling diseases are fuelling the growth of the Asia Pacific gene editing market.
South Africa is expected to contribute significantly to the revenue of its regional market. The rising prevalence of sickle cell anemia, HIV, hemophilia and several forms of cancer will drive the industry’s growth.
The report mentions and profiles some of the top companies in the global gene editing market, namely Agilent Technologies, AstraZeneca, Cellectis, Editas Medicine, Dharmacon, Qiagen, Sigma-Aldrich, Allele Biotech, Bio Rad, CRISPR Therapeutics, GE Healthcare, Lonza, Recombinetics, and Thermo Fisher Scientific.
Frequently Asked Questions:
What are the diverse growth parameters influencing the Gene Editing Market?
The increasing demand for synthetic genes, in both developing, as well as developed economies is one of the strongest motivators for the growth of the global gene editing market.
Which regions will contribute largely to the growth of the Gene Editing Market?
The North America region is anticipated to emerge as the highest revenue contributor to the global gene editing market in the coming years.
What are the recent innovations and technological advancements in the Gene Editing Market?
The increasing trend of innovations has led to an attractive opportunity for the solutions in the global gene editing market to be used in the field of marine engineering.
What are the emerging trends across the Gene Editing Market?
The rising demand for drug discovery, forensic tools, and agricultural additives is bolstering the development of the global gene editing market.
How has COVID-19 affected the Gene Editing Market?
The COVID-19 pandemic had a positive impact on the global gene editing market.
What will be the post-pandemic scenario of the Gene Editing Market?
The constant requirement for monitoring to ensure proper healthcare and isolating infected patients will stabilize the demand in the global gene editing market in the post-pandemic period.
What are the major threats that will dent the growth prospects of the Gene Editing Market?
Ethical concerns pertaining to gene editing, as well as low level of acceptance amongst the global population may hamper the growth in the industry in the near future.
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