The Report Genome Editing Market by Application (Cell line engineering, Animal genetic engineering, Plant genetic engineering, Others) ,by Technology (CRISPR/Cas9, Zinc Finger Nucleases (ZFNs) , TALENs, Others) And by End-user (Biotech and pharma companies, Contract research organizations (CROs), Research institutes) Growth, Trends, and Forecasts (2023 to 2029)

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The worldwide Genome Editing Market, which reached a value of US$ 5.29 billion in 2022, is set to experience impressive expansion with a projected Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period. The market report provides comprehensive insights into the dynamics, trends, and factors propelling this growth.


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market opportunity for the gene-editing market segment will increase

The market for genome editing is segmented by technology into TALENs, CRISPR/Cas9, and Zinc Finger Nucleases (ZFNs), among others. CRISPR/Cas9 holds the biggest market share among them, accounting in 2022, and is anticipated to expand at a CAGR of 2% throughout the course of the forecast period. Because this technical area is straightforward, user-friendly, and reasonably priced in comparison to other approaches. The market opportunity for the gene-editing market segment will increase as there is an increasing need for CRISPR/Cas9 for the analysis of the genome to identify genetic abnormalities and its therapeutic discovery. Through the application of gene editing, CRISPR technology can be used to treat cancer. Caribou Biosciences, Takara Bio, and Thermo Fisher Scientific, three major market participants, are concentrating on their research and development efforts for responding .

genome editing is divided into various application categories

The market for genome editing is divided into various application categories, including plant genetic engineering, cell line engineering, and animal genetic engineering. Cell-line engineering, one of these, currently holds the greatest market share as of 2022 and is predicted to expand at a CAGR of 2% over the following five years. Due to the fact that cell therapies based on stem cells frequently use this.

Induced pluripotent stem cells (iPSCs) can now be genetically modified and disease-causing genetic mutations can be fixed thanks to the quick development and advancement of genome editing technology. Cell engineering has become more affordable and simple thanks to recent modifications and developments in editing techniques including Zinc Finger Nucleases (ZFNs), CRISPR/Cas, and TALENs.

North America region is positioned as a frontrunner in the Genome Editing Market

North America holds the largest regional market share, accounting for 30% in 2022, driven by the rise in rare diseases and genetic research in countries like the U.S. and Canada. The presence of leading industry players also contributes to the region's dominance.

The Asia Pacific region is expected to be the second-largest market due to increasing research organizations and rising R&D activities in emerging countries such as Japan, China, and India.

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Genome Editing Market Key Players:

1.THERMO FISHER SCIENTIFIC INC. 2.MERCK KGaA 3.Lonza 4.Horizon Discovery Group plc. 5.Integrated DNA Technologies 6.GenScript 7.New England Biolabs 8.Eurofins Scientific 9.CRISPR Therapeutics 10.Editas Medicine 11.Sangamo Biosciences 12.Transposagen Biopharmaceuticals

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