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Gene Editing Market Forecast Report, Trend Analysis Research Report by 2030

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Jain Martrin
Gene Editing Market Forecast Report, Trend Analysis Research Report by 2030

The global Gene Editing Market is expected to reach USD 30.23 billion in 2030 and register a CAGR of 18.2% over the forecast period, according to the latest report by Reports and Data. Key factors such as the rising application of Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) genome in different fields of biotechnology and increasing investments by governments and private investors in biotechnology & biomedical research are driving the market revenue growth. Genome editing, commonly known as gene editing or genome engineering is a process that allows researchers to change or modify gene sequences of living organisms.

Genome editing is widely used by pharmaceutical companies, biotechnology companies, and academic & government research institutes. The pharmaceutical companies segment accounted for the majority revenue share in the global market in 2020. The increasing use of gene-editing technology in pharmaceutical research & development activities is a major factor driving revenue growth of this segment.

Based on regional analysis, North America is expected to account for the largest revenue share over the forecast period. Major revenue growth contributors in this region are the United States and Canada. Factors such as rapid advancement in genome editing technologies, high demand for genetically modified crops, and increasing focus on R&D activities associated with gene therapy are expected to drive revenue growth of the market in this region.


Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1052


Some Key Highlights From the Report:

  • In December 2019, Horizon Discovery Group launched its predesigned synthetic Single Guide RNA (sgRNA). It would enable researchers to obtain reliable gene knockouts in difficult-to-edit, complex cell types, and experimental models.
  • Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) segment accounted for the largest revenue share in the global market in 2020. CRISPR has various advantages such as ease of use, enhanced efficacy, and cost-effectiveness. Therefore, it is extensively used by researchers in gene alteration processes.
  • Asia Pacific accounted for a 23.4% revenue share in the global market in 2020 and is expected to register the fastest revenue CAGR compared to other regional markets over the forecast period. This can be attributed to the rising prevalence of various infectious diseases.


Top Players in the Global Gene Editing Market:

Thermo Fisher Scientific, Merck & Co, Horizon Discovery Limited, Lonza, GenScript, Eurofins Scientific, Precision Biosciences, Oxford Genetics, Intellia Therapeutics, and Sangamo Therapeutics.


To know more about the report @ https://www.reportsanddata.com/report-detail/genome-editing-market


Gene Editing Market Segmentation:

Technology Outlook (Revenue, USD Billion; 2019-2030)

  • Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)
  • Zinc-finger Nucleases (ZFNs)
  • Transcription Activator-like Effector Nucleases (TALEN)
  • Antisense
  • Others

Product and Service Outlook (Revenue, USD Billion; 2019-2030)

  • Software & Systems
  • Reagents & Consumables
  • Services

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Cell Line Engineering
  • Diagnostic Applications
  • Genetic Engineering
  • Drug Discovery & Development
  • Others

End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Academic & Government Research Institutes

Global Gene Editing Market Report: Regional Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa


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About Reports and Data

Reports and Data 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 to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data 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 problem provide our clients with the ability to secure an edge over their respective competitors.


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