Global Gene Editing Market Expected To Expand At Around 16.57% CAGR During 2024-2032

As per the analysts at Zion Market Research, global Gene Editing Market was worth USD 6.68 Billion in 2023. The market is forecast to reach USD 26.56 Billion by 2032, growing at a compound annual growth rate (CAGR) of 16.57% during the forecast period 2024-2032. The prominent players active in the global genome editing market include New England Biolabs, Thermo Fisher Scientific, CRISPR Therapeutics, Merck KgaA, GenScript Corporation, Sangamo Therapeutics, Inc., Editas Medicine, Integrated DNA Technologies, Lonza Group, Horizon Discovery Group, and OriGene Technologies.

Rising Range Of Application To Surge The Demand For Gene Editing In Coming Period

The global gene editing market is expanding swiftly owing to its rising application in a huge range of domains, like therapeutics, agriculture biotechnology, and mutation. Gene editing methods present bigger avenues in crop improvement. Nevertheless, the actual prospective of homologous recombination for crop enhancement is yet to be recognized in targeted gene replacement therapy. Homologous recombination is anticipated to be utilized as an efficient technique for crop enhancement, which is impracticable via transgene addition. Further, the increase in the count of applications along with rising disease incidences is projected to bring up new opportunities for the global gene editing market in the coming period. On the other hand, for years, the debate on genetic modification of the human germline for therapeutic reason has continued. Ethical concerns, including worries for animal welfare, can occur at every stage of life span and generation of the genetically engineered animal. These factors are likely to hamper the growth of the global gene editing market.

North America To Continue Its Dominance Over The Global Market During The Forecast Period

The global genome editing market is categorized on the basis of application, technology, end-user, and region. The gene editing market, based on technology, is classified into TALEN, CRISPR/Cas9, Zinc Finger Nucleases (ZFNs), and other technologies. Based on application, the market is segmented into animal genetic engineering, cell line engineering, plant genetic engineering, and others. The genome editing market, on the basis of end-user, is classified into contract research organization (CRO), biotech & pharma companies, and research institutes.

Regionally, North America is anticipated to carry on its supremacy over the global gene editing market on account of the elevated government financial support for study genetic modification. Increasing drug development and discovery activities, together with increasing government plans to sponsor startups and small firms in the life sciences and biotechnology industry is the key factor anticipated to fuel the North American gene editing market during the forecast period. Further, Asia Pacific is also expected to witness swift market growth in the coming period as a result of the increased spending by this region’s prominent players.

Browse the full “Global Gene Editing Market - By Application (Animal Genetic Engineering, Cell Line Engineering, Plant Genetic Engineering, and Others), By End-User (Contract Research Organization (CRO), Biotech & Pharma Companies, and Research Institutes), By Technology (Zinc Finger Nucleases (ZFNs), CRISPR/Cas9, TALENS, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/gene-editing-market

The global gene editing market is segmented as follows:

By Application

• Animal Genetic Engineering
• Cell Line Engineering
• Plant Genetic Engineering
• Others

By End-User

• Contract Research Organization (CRO)
• Biotech & Pharma Companies
• Research Institutes

By Technology

• Zinc Finger Nucleases (ZFNs)
• CRISPR/Cas9
• TALENS
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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