Genome Editing Market Size:
The Genome Editing Market Size is expected to grow at a high CAGR during the forecast period (2024-2031).
Genome editing is a genetic technique where DNA is inserted, deleted, or replaced in an organism's genome to treat specific diseases using engineered nucleases or molecular scissors. These nucleases create site-specific double-stranded breaks at targeted locations in the genome. The breaks are repaired through non-homologous end joining or homologous recombination, leading to precise mutations (edits). The Genome Editing Market Size is projected to grow significantly as advancements in this technology continue to develop.
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Genome Editing Market Share
The global Genome Editing Market Share is driven by the increasing implementation of CRISPR genome editing technology and the rising demand for synthetic genes across various biotechnology domains, which have significantly fueled market growth in recent years.
Extensive use of genome editing in personalized medicine will boost Genome Editing Market growth.
The growth of the personalized medicine market is expected to drive the Genome Editing Market Share. Personalized medicine allows for tailored treatments, leading to cost savings, better patient compliance, and optimized therapies. Increasing global adoption, government funding, genomics projects, and the prevalence of cancer and genetic disorders are also fueling market growth. Additionally, CRISPR-based diagnostic tools, like the VaNGuard test developed by Nanyang Technological University in March 2021, are boosting the adoption of genome editing technology in diagnostics.
Continuous technological advancements in gene-editing tools are significantly boosting Genome Editing Market Share. For example, in April 2021, researchers from the Wyss Institute for Biologically Inspired Engineering at Harvard developed Retron Library Recombineering (RLR), a new gene-editing tool that allows millions of genetic experiments to be performed simultaneously, resulting in improved editing rates.
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Genome Editing Market Segment Analysis:
The CRISPR segment is projected to grow at the fastest CAGR during the forecast period (2024-2031).
CRISPR is expected to dominate the Genome Editing Market Size during the forecast period due to its advantages, such as customized options specific to a patients mutations for diseases like cystic fibrosis. Additionally, increased funding and government initiatives to develop vaccines, medical technologies, drugs, and devices are further driving the global growth of the Genome Editing Market Size.
Genome Editing Market Growth
By Technology
- CRISPR/Cas
- TALEN
- TALEN, Zinc Finger Nuclease (ZFN)
By Application
- Cell Line Engineering
- Plant Genetic Engineering
- Animal Genetic
By End User
- Government Academic Research Institutes
- Biotech Pharmaceutical Companies
- Contract Research Organizations
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Genome Editing Market Key Players
Key Players are GenScript USA Inc, Horizon Discovery Group plc,Integrated DNA Technologies Inc, Lonza Group Ltd,Merck Co, New England Biolabs Inc, Origene Technologies Inc, Thermo Fisher Scientific Inc.Transposagen Biopharmaceuticals Inc
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