Genome Editing Market Size: Worth $ 13.83 Billion Worldwide By 2028, @ 14.53% CAGR: Verified Market Research®
JERSEY CITY, NJ, August 9, 2021 / PRNewswire / – Verified Market Research recently released a report: “Genome editing marketAccording to verified market research, the size of the Global Genome Editing Market is rated $ 4.71 billion in 2020 and is expected to reach $ 13.83 billion by 2028, with a CAGR of 14.53% from 2021 to 2028.
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Global Genome Editing Market Overview
The Genome Editing market is expected to grow shortly as a major factor driving the market is an increase in funding. Governments in many regions are increasing funding and grants to support genome editing research. Because of the advantages of genome editing, various governments are promoting public and commercial research, as well as academic institutes, to increase research efforts in genome editing and genetic engineering.
Cancer and other genetic diseases are becoming more common, and there is a growing preference for individualized medicine. Increased R&D spending and the expansion of the biotechnology and pharmaceutical industries increased business and public sector investment and the rapid development of sequencing and genome editing technologies. The non-labeling of genetically edited goods such as GMOs, as well as their use in various drug development processes, are some of the driving forces behind the growth of the genome editing market.
Genome editing has shown promise in treating genetic abnormalities, infectious diseases, and cancer. Along with the benefits, there is growing concern about the dangers and ethical difficulties related to genome editing affecting the marketplace.
Important developments in Genome editing market
- In January 2020, New England Biolabs and ERS Genomics partnered to develop and commercialize CRISPR gene editing technologies and reagents.
- In March 2019, Brammer Bio was acquired from Thermo Fisher Scientific to provide access to Brammer Bios Expertise in the production of vectors for gene and cell treatments.
The main players in the market are Thermo Fisher Scientific (USA), Merck (Germany), Horizon Discovery Limited (Great Britain), Lonza (Switzerland), GenScript (USA), Eurofins Scientific (Luxembourg), Sangamo Therapeutics (USA), Editas Medicine (USA), CRISPR Therapeutics (Switzerland), Precision Life Sciences (USA).
Verified Market Research has segmented the global genome editing market on the basis of technology, application, delivery method, end user, and geography.
- Genome editing market, by technology
- Other technologies
- Genome Editing Market, By Application
- Animal genetics
- Cell line engineering
- Plant genetic engineering
- Genome Editing Market, By Delivery Method
- Genome editing market, according to end-users
- Pharmaceutical company
- Biotechnology company
- Genome Editing Market By Geography
- North America
- United Kingdom
- the rest of Europe
- Asia Pacific
- the rest of Asia Pacific
- THE LINE
- middle East & Africa
- Latin America
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Top 10 Next Generation Sequencing Companies Changing lives with genome research
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