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Gene Editing Technologies Market - A Global and Regional Analysis: Focus on Offering, Technology, Application, End User, and Region - Analysis and Forecast, 2023-2032
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“The global gene editing technologies market is estimated to reach $16.37 billion in 2032, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 27.50% during the forecast period 2023-2032.”

The global gene editing technologies market is strongly driven by the continuous introduction of new technologies as well as increased investments and funding from both the government and private sectors. The global gene editing technologies market has witnessed a steady growth in the number of new entrants and continuous utilization of these technologies for the development of therapies for several indications, diagnostic purposes, and drug discovery. This trend is also expected to continue over the forecast period. Therefore, the impact of the aforementioned factors is expected to drive the global gene editing technologies market in the near future.

USP of the Report

Analyst Perspective

According to Akash Mhaskar, Principal Analyst, BIS Research, "The global gene editing technologies market is flourishing with the advent of time and the introduction of new technologies in the gene editing industry. There is constant ongoing research for the development of novel gene editing technologies. The global gene editing technologies market has witnessed a steady growth in the number of new entrants and investments in gene editing technologies, thereby driving a surge in demand for gene editing products. This trend is also expected to continue over the forecast period. Therefore, the impact of the aforementioned factors is expected to drive the global gene editing technologies market in the near future."

Key Companies Operating in The Market

Key players in the global gene editing technologies market have been analyzed and profiled in the study, including manufacturers involved in new product launches, acquisitions, expansions, and strategic collaborations. Moreover, a detailed competitive benchmarking of the players operating in the global gene editing technologies market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

The key players profiled in the report include Addgene, BRAIN Biotech AG, Cellectis S.A., Creative Biolabs, CRISPR Therapeutics AG, Danaher Corporation, DNA Script, GeneCopoeia, Inc., Magento, Inc., Merck KGaA, New England Biolabs, Inc., PerkinElmer Inc., Precision BioSciences, Inc., Sangamo Therapeutics, Inc., Takara Bio Inc., and Thermo Fisher Scientific Inc.

Key Questions Answered in the Report:

Industry Overview

The global gene editing technologies market was valued at $1.81 billion in 2022 and is anticipated to reach $16.37 billion by 2032, witnessing a CAGR of 27.50% during the forecast period 2023-2032. The growth in the global gene editing technologies market is expected to be driven by an increase in the need for personalized medicine. In addition, the introduction of new technologies fuelled the growth of gene editing technologies.

Market Lifecycle Stage

The global gene editing technologies market is in progressing phase. The creation, production, and distribution of tools and services for gene editing are under the purview of the gene editing technology market. Utilizing ways to change DNA sequences, gene editing technologies can be used to treat genetic illnesses, create disease-resistant crops, and generate study models for animals. The market for gene editing technology is made up of numerous businesses that sell CRISPR-Cas9, TALENs, and zinc finger nucleases, among other types of gene editing tools. Researchers, pharmaceutical corporations, and biotech companies employ these techniques to create novel treatments, vaccines, and diagnostic devices.

Moreover, manufacturers began to produce application-specific gene editing technologies in recent years.

Impact

Clustered regularly interspaced short palindromic repeats Cas9 (CRISPR-Cas9) and other gene editing technologies have the potential to revolutionize the healthcare sector and have a big impact on the world economy. Treatments for genetic problems and diseases such as cancer, HIV, and cystic fibrosis may become more accurate and successful because of gene editing technology. This might result in lower healthcare expenses and better patient outcomes. New intellectual property rights could be established because of the advancement of gene editing technologies, which would lead to a sharp rise in the number of patent applications.

Market Segmentation:

Segmentation 1: by Offering

Based on offering, the gene editing products segment in the global gene editing technologies market dominated in FY2022.

Segmentation 2: by Technology

Based on technology, the global gene editing technologies market was dominated by the CRISPR gene editing technology segment in FY2022.

Segmentation 3: by Application

Based on application, the biomedical segment accounted for the largest share of the global gene editing technologies market in FY2022.

Segmentation 4: by End User

Based on end user, the global gene editing technologies market is dominated by the life sciences companies segment in FY2022.

Segmentation 5: by Region

In 2022 the North America gene editing technologies market dominated the global market with a 42.85% market share, and it is expected to hold its dominance throughout the forecast period 2023-2032. However, the Asia-Pacific (APAC) region, constituting several emerging economies, is expected to register the highest CAGR of 29.64% during the forecast period 2023-2032.

Recent Developments in the Global Gene Editing Technologies Market

Demand - Drivers and Limitations

The following are the demand drivers for the global gene editing technologies market:

The market is expected to face some limitations due to the following challenges:

How can this report add value to an organization?

Key Market Players and Competition Synopsis

The success of gene editing technologies has sparked efforts to promote treatments. A stronger focus on the gene editing demand has become essential as the need to cater to the clinical and commercial production of cells, together with the growing amount of substantial clinical data resulting from these technologies, arises. The increased demand for treatments is fuelling the expansion of gene editing technology manufacturers and providing them with numerous opportunities to spread out across different regions and improve their market presence.

Key Companies Profiled:

  • Addgene
  • BRAIN Biotech AG
  • Cellectis S.A.
  • Creative Biolabs
  • CRISPR Therapeutics AG
  • Danaher Corporation
  • DNA Script
  • GeneCopoeia, Inc.
  • Magento, Inc.
  • Merck KGaA
  • New England Biolabs, Inc.
  • PerkinElmer Inc.
  • Precision BioSciences, Inc.
  • Sangamo Therapeutics, Inc.
  • Takara Bio Inc.
  • Thermo Fisher Scientific Inc.

Table of Contents

1 Product Definition

2 Market Scope

3 Research Methodology

4 Market Overview

5 Industry Outlook

6 Global Gene Editing Technologies Market: Market Dynamics

7 Global Gene Editing Technologies Market: Competitive Insights

8 Global Gene Editing Technologies Market (by Offering), Value ($Million), 2022-2032

9 Global Gene Editing Technologies Market (by Technology), Value ($Million), 2022-2032

10 Global Gene Editing Technologies Market (by Application), Value ($Million), 2022-2032

11 Global Gene Editing Technologies Market (by End User), Value ($Million), 2022-2032

12 Global Gene Editing Technologies Market (by Region), Value ($Million), 2022-2032

13 Company Profiles

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