Genome Editing/Genome Engineering Market by Technology (TALEN, CRISPR, ZFN), Application (Animal Genetic Engineering, Cell Line Engineering, Plant Genetic Engineering), End User (Pharmaceutical & Biotechnology Companies, CROs) – Forecast 2024 to 2029

SKU: GMS830

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OVERVIEW

The Gene Editing Market in terms of revenue is expected to reach an estimated value of 10.5 billion in 2028 up from a current value of USD 5.3 billion in 2023, growing at a CAGR of 15%. This report covers industry trend analysis, pricing analysis, patent analysis, key stakeholders, competition analysis and consumer behaviour in the market. The Gene Editing Market refers to a specialized sector within the biotechnology and life sciences industries that focuses on the development and commercialization of technologies and tools used for precise modification of DNA within living organisms. Gene editing techniques, such as CRISPR-Cas9, enable scientists to selectively add, modify, or delete specific DNA sequences, holding immense potential for therapeutic applications, agriculture, and genetic research. This market encompasses a range of products, services, and applications related to gene editing, contributing significantly to advancements in personalized medicine, crop improvement, and the understanding of genetic mechanisms.

The Gene Editing Market is propelled by key drivers and opportunities. Growing applications in therapeutic interventions, including gene therapies for genetic disorders and cancer, fuel market expansion. CRISPR-Cas9’s precision and versatility amplify its adoption in research and therapeutic development. Agricultural advancements, like crop improvement for enhanced yields, represent promising opportunities. Rising investment in biotechnology research and collaborations underscore the market’s potential. Therapeutic breakthroughs, evolving regulatory landscapes, and increasing awareness of genetic editing’s transformative potential collectively drive the market’s growth, making it a pivotal player in revolutionizing healthcare, agriculture, and genetic research.

Market Dynamics

Drivers:

The Gene Editing Market is driven by several key factors. Firstly, the increasing prevalence of genetic disorders and the demand for precise therapeutic interventions propel the market’s growth. The revolutionary CRISPR-Cas9 technology, with its accuracy and versatility, significantly contributes to the widespread adoption of gene editing in research and therapeutic development. Moreover, the potential for enhancing agricultural productivity through gene editing in crops presents a lucrative avenue. Continued investments in biotechnology research, strategic collaborations, and a supportive regulatory environment further drive the market forward. The ongoing quest for therapeutic breakthroughs and the transformative potential of gene editing underscore its pivotal role in shaping the future of healthcare, agriculture, and genetic research.

Opportunities:

The Gene Editing Market offers a diverse array of key offerings that constitute the tools and technologies for precise manipulation of genetic material. CRISPR-Cas9, a revolutionary gene editing tool, stands out for its accuracy and versatility. The market includes a spectrum of gene editing services, kits, and reagents designed for applications ranging from therapeutic interventions to agricultural improvements. Customized solutions for targeted gene modifications and gene therapy development are pivotal offerings. Additionally, ongoing innovations contribute to the expansion of offerings, ensuring that the Gene Editing Market provides comprehensive tools to researchers, biotech companies, and institutions involved in genetic research and therapeutic applications.

Restraints & Challanges:

The Gene Editing Market encounters notable restraints and challenges. Ethical concerns surrounding the potential misuse of gene editing technologies raise regulatory and public apprehensions. Off-target effects and unintended genetic alterations remain technical challenges, necessitating continuous refinement of gene editing tools. Intellectual property disputes within the competitive landscape pose legal hurdles. Stringent regulatory frameworks for therapeutic applications demand rigorous safety assessments, prolonging the time to market. Additionally, societal and cultural considerations regarding genetically modified organisms in agriculture and potential unintended consequences in ecosystems add layers of complexity. Overcoming these challenges is crucial for realizing the full potential of gene editing in various applications.

Regional Information:

The Gene Editing Market exhibits diverse regional dynamics. North America, particularly the United States, holds a dominant position driven by robust research and development activities, substantial investments, and a well-established biotechnology sector. Europe, with key contributors such as the United Kingdom and Germany, is actively engaged in gene editing research, often collaborating on innovative projects. The Asia-Pacific region, led by China and Japan, is witnessing rapid growth with increasing investments in biotechnology and genetic research. Latin America and the Middle East are gradually exploring the potential of gene editing technologies. These regional variations underscore the global significance of the Gene Editing Market in shaping the future of genetic research and therapeutic applications.

Recent Developments:

• In June 2022, Biorad introduced the SEQuoia Express Standard Library Prep Kit during AGBT 2022. This kit, known as the SEQuoia Express Stranded RNA Library Prep Kit, provides an affordable and automation-friendly solution to address the existing challenges in library generation.

• In June 2022, Precision BioSciences, Inc. unveiled ARCUS, a highly precise and versatile genome editing platform specifically crafted with a focus on therapeutic safety, delivery, and control.

• In April 2022, Takara Bio introduced CereaAV, a novel brain-tropic AAV vector designed for gene therapy.

• In January 2022, Origene Technologies revealed a updated logo as part of its rebranding efforts, symbolizing its expansion from genomics to proteomics and marking its evolution into the proteomic market.

Key Players:

AstraZeneca, Caribou Biosciences, Inc., Cellectis S.A., CRISPR Therapeutics, Cibus, Egenesis Inc., Editas Medicine, GenScript, Horizon Discovery Group plc, Integrated DNA , echnologies, Inc., Intellia Therapeutics, Inc., Lonza, Merck KGaA, New England Biolabs, OriGene Technologies, Inc., Precision Biosciences, Recombinetics, Inc., Sangamo, Takara Bio USA, Thermo Fisher Scientific, Inc.

Frequently Asked Questions

1) What is the projected market value of the Gene Editing Market?

– The projected market value of the Gene Editing Market is USD 10.5 billion.

2) What is the estimated CAGR of the Gene Editing Market over the 2023 to 2028 forecast period?

– The estimated CAGR of the Gene Editing Market is 15% over the forecast period 2023 to 2028.

3) Who are the key players in the Gene Editing Market?

– AstraZeneca, Caribou Biosciences, Inc., Cellectis S.A., CRISPR Therapeutics, Cibus, Egenesis Inc., Editas Medicine, GenScript, Horizon Discovery Group plc, Integrated DNA , echnologies, Inc., Intellia Therapeutics, Inc., Lonza, Merck KGaA, New England Biolabs, OriGene Technologies, Inc., Precision Biosciences, Recombinetics, Inc., Sangamo, Takara Bio USA, Thermo Fisher Scientific, Inc.

4) What are the drivers for the Gene Editing Market?

– The Gene Editing Market is driven by the escalating demand for targeted therapies and advancements in CRISPR-Cas9 technology. Growing applications in genetic research, precision medicine, and agriculture amplify its significance. Strategic collaborations and rising investments fuel research, propelling gene editing’s pivotal role in transforming healthcare, biotechnology, and agriculture.

5) What are the restraints and challenges in the Gene Editing Market?

– The Gene Editing Market faces challenges such as off-target effects, ethical concerns, and regulatory complexities. Ensuring safety and minimizing unintended consequences in therapeutic applications remain hurdles. Intellectual property disputes and societal acceptance of genetically modified organisms in agriculture pose additional challenges. Overcoming these obstacles is crucial for sustained market growth and acceptance.

6) What are the key applications and offerings of the Gene Editing Market?

– The Gene Editing Market offers a spectrum of applications, including therapeutic interventions for genetic disorders, cancer treatment, and precision medicine. Key offerings encompass CRISPR-Cas9 technologies, gene editing services, and customized solutions for agriculture. These applications and offerings underscore the market’s pivotal role in advancing healthcare, biotechnology, and genetic research.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2023 to 2028.

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Gene Editing Market in terms of revenue is expected to reach an estimated value of 10.5 billion in 2028 up from a current value of USD 5.3 billion in 2023, growing at a CAGR of 15%. This report covers industry trend analysis, pricing analysis, patent analysis, key stakeholders, competition analysis and consumer behaviour in the market. The Gene Editing Market refers to a specialized sector within the biotechnology and life sciences industries that focuses on the development and commercialization of technologies and tools used for precise modification of DNA within living organisms. Gene editing techniques, such as CRISPR-Cas9, enable scientists to selectively add, modify, or delete specific DNA sequences, holding immense potential for therapeutic applications, agriculture, and genetic research. This market encompasses a range of products, services, and applications related to gene editing, contributing significantly to advancements in personalized medicine, crop improvement, and the understanding of genetic mechanisms.

The Gene Editing Market is propelled by key drivers and opportunities. Growing applications in therapeutic interventions, including gene therapies for genetic disorders and cancer, fuel market expansion. CRISPR-Cas9’s precision and versatility amplify its adoption in research and therapeutic development. Agricultural advancements, like crop improvement for enhanced yields, represent promising opportunities. Rising investment in biotechnology research and collaborations underscore the market’s potential. Therapeutic breakthroughs, evolving regulatory landscapes, and increasing awareness of genetic editing’s transformative potential collectively drive the market’s growth, making it a pivotal player in revolutionizing healthcare, agriculture, and genetic research.

Market Dynamics

Drivers:

The Gene Editing Market is driven by several key factors. Firstly, the increasing prevalence of genetic disorders and the demand for precise therapeutic interventions propel the market’s growth. The revolutionary CRISPR-Cas9 technology, with its accuracy and versatility, significantly contributes to the widespread adoption of gene editing in research and therapeutic development. Moreover, the potential for enhancing agricultural productivity through gene editing in crops presents a lucrative avenue. Continued investments in biotechnology research, strategic collaborations, and a supportive regulatory environment further drive the market forward. The ongoing quest for therapeutic breakthroughs and the transformative potential of gene editing underscore its pivotal role in shaping the future of healthcare, agriculture, and genetic research.

Opportunities:

The Gene Editing Market offers a diverse array of key offerings that constitute the tools and technologies for precise manipulation of genetic material. CRISPR-Cas9, a revolutionary gene editing tool, stands out for its accuracy and versatility. The market includes a spectrum of gene editing services, kits, and reagents designed for applications ranging from therapeutic interventions to agricultural improvements. Customized solutions for targeted gene modifications and gene therapy development are pivotal offerings. Additionally, ongoing innovations contribute to the expansion of offerings, ensuring that the Gene Editing Market provides comprehensive tools to researchers, biotech companies, and institutions involved in genetic research and therapeutic applications.

Restraints & Challanges:

The Gene Editing Market encounters notable restraints and challenges. Ethical concerns surrounding the potential misuse of gene editing technologies raise regulatory and public apprehensions. Off-target effects and unintended genetic alterations remain technical challenges, necessitating continuous refinement of gene editing tools. Intellectual property disputes within the competitive landscape pose legal hurdles. Stringent regulatory frameworks for therapeutic applications demand rigorous safety assessments, prolonging the time to market. Additionally, societal and cultural considerations regarding genetically modified organisms in agriculture and potential unintended consequences in ecosystems add layers of complexity. Overcoming these challenges is crucial for realizing the full potential of gene editing in various applications.

Regional Information:

The Gene Editing Market exhibits diverse regional dynamics. North America, particularly the United States, holds a dominant position driven by robust research and development activities, substantial investments, and a well-established biotechnology sector. Europe, with key contributors such as the United Kingdom and Germany, is actively engaged in gene editing research, often collaborating on innovative projects. The Asia-Pacific region, led by China and Japan, is witnessing rapid growth with increasing investments in biotechnology and genetic research. Latin America and the Middle East are gradually exploring the potential of gene editing technologies. These regional variations underscore the global significance of the Gene Editing Market in shaping the future of genetic research and therapeutic applications.

Recent Developments:

• In June 2022, Biorad introduced the SEQuoia Express Standard Library Prep Kit during AGBT 2022. This kit, known as the SEQuoia Express Stranded RNA Library Prep Kit, provides an affordable and automation-friendly solution to address the existing challenges in library generation.

• In June 2022, Precision BioSciences, Inc. unveiled ARCUS, a highly precise and versatile genome editing platform specifically crafted with a focus on therapeutic safety, delivery, and control.

• In April 2022, Takara Bio introduced CereaAV, a novel brain-tropic AAV vector designed for gene therapy.

• In January 2022, Origene Technologies revealed a updated logo as part of its rebranding efforts, symbolizing its expansion from genomics to proteomics and marking its evolution into the proteomic market.

Key Players:

AstraZeneca, Caribou Biosciences, Inc., Cellectis S.A., CRISPR Therapeutics, Cibus, Egenesis Inc., Editas Medicine, GenScript, Horizon Discovery Group plc, Integrated DNA , echnologies, Inc., Intellia Therapeutics, Inc., Lonza, Merck KGaA, New England Biolabs, OriGene Technologies, Inc., Precision Biosciences, Recombinetics, Inc., Sangamo, Takara Bio USA, Thermo Fisher Scientific, Inc.

Frequently Asked Questions

1) What is the projected market value of the Gene Editing Market?

– The projected market value of the Gene Editing Market is USD 10.5 billion.

2) What is the estimated CAGR of the Gene Editing Market over the 2023 to 2028 forecast period?

– The estimated CAGR of the Gene Editing Market is 15% over the forecast period 2023 to 2028.

3) Who are the key players in the Gene Editing Market?

– AstraZeneca, Caribou Biosciences, Inc., Cellectis S.A., CRISPR Therapeutics, Cibus, Egenesis Inc., Editas Medicine, GenScript, Horizon Discovery Group plc, Integrated DNA , echnologies, Inc., Intellia Therapeutics, Inc., Lonza, Merck KGaA, New England Biolabs, OriGene Technologies, Inc., Precision Biosciences, Recombinetics, Inc., Sangamo, Takara Bio USA, Thermo Fisher Scientific, Inc.

4) What are the drivers for the Gene Editing Market?

– The Gene Editing Market is driven by the escalating demand for targeted therapies and advancements in CRISPR-Cas9 technology. Growing applications in genetic research, precision medicine, and agriculture amplify its significance. Strategic collaborations and rising investments fuel research, propelling gene editing’s pivotal role in transforming healthcare, biotechnology, and agriculture.

5) What are the restraints and challenges in the Gene Editing Market?

– The Gene Editing Market faces challenges such as off-target effects, ethical concerns, and regulatory complexities. Ensuring safety and minimizing unintended consequences in therapeutic applications remain hurdles. Intellectual property disputes and societal acceptance of genetically modified organisms in agriculture pose additional challenges. Overcoming these obstacles is crucial for sustained market growth and acceptance.

6) What are the key applications and offerings of the Gene Editing Market?

– The Gene Editing Market offers a spectrum of applications, including therapeutic interventions for genetic disorders, cancer treatment, and precision medicine. Key offerings encompass CRISPR-Cas9 technologies, gene editing services, and customized solutions for agriculture. These applications and offerings underscore the market’s pivotal role in advancing healthcare, biotechnology, and genetic research.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2023 to 2028.

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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