The Genome Editing/Genome Engineering Market Size is valued at 5900.0 Million in 2022 and is predicted to reach 28469.3 Million by the year 2031 at a 19.20 % CAGR during the forecast period for 2023-2031.
Genome engineering is the technique that involves gene modification by certain process include DNA is insertion, cutting, modification or replacement of genome of a living organism. Due to increasing the research and development spend by companies and organization fueling the highest growth of genome engineering market.
Advancement in genomic technologies helping research organizations to take deep dive in genome engineering hence companies are making significant investment in Research and development. For instance, Thermo Fisher Scientific is developing cutting edge CRISPR technology for providing better efficiency and accuracy in research, and to fulfil the unmet demands in research and therapeutics. Additionally, contribution by the research organization and universities are tremendous creating high impact in the market. For instance, in November 2015, a new CRISPR technology was developed by scientists at the University of Massachusetts Medical School. This technology help in the genome editing at specific target location.
The Global Genome Editing/Genome Engineering market is segmented on the basis of base technology, product, application, end users and region. Based on the base type, the market is divided into CRISPR, TALEN, ZFN, antisense and other technologies. On the basis of product, the market is segmented into reagents & consumables, software & systems and services. Based on the application, the market is divided into animal genetic engineering, plant genetic engineering, diagnostic applications, drug discovery & development and other. Based on the end users, the market is divided into pharmaceutical companies, biotechnology companies, academic & government and research institutes. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that Europe held the largest share of the market, followed by America and Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of forecast period.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 5900.0 Million |
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Revenue Forecast In 2031 |
USD 28469.3 Million |
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Growth Rate CAGR |
CAGR of 19.20 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Technology, By Products, By Application, By End Users |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Thermo Fisher Scientific Inc., Merck & Co. Inc, Horizon Discovery group plc, Genscript biotech corporation, Sangamo Therapeutics Inc., lonza group ltd, Editas Medicine Inc, Crispr Therapeutics, Eurofins Scientific Inc, Precision Biosciences Inc, Oxford Genetics Ltd., Intellia Therapeutics Inc, Synthego corporation, Vigene Biosciences Inc, Epigenie, Integrated DNA Technologies Inc, New England Biolabs Inc, Origene Technologies Inc, Transposagen Biopharmaceuticals Inc, and Creative Biogene Inc. among others |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Technology
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on Products
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on Application
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on End Users
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on Region
Europe Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
North America Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
Asia Pacific Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
Latin America Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
Middle East & Africa Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
