According to the report published by Allied Market Research, the global gene editing market was estimated at $3.9 billion in 2021, and is anticipated to hit $7.4 billion by 2031, registering a CAGR of 6.7% from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Which is the most influencing segment growing in the gene editing market report?
The CRISPR-Cas9 segment is the most influencing segment owing to its application for drug discovery and identifying cancer market.
What are the key trends in the gene editing market report?
Increase in adoption of CRISPR genome editing technology along with expanding synthetic gene demand in various biotechnology areas has fueled the growth of the gene editing market. Further the highly flexible CRISPR technique has gotten a lot of attention lately.
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Covid-19 Situation –
- The Covid-19 pandemic has had a positive impact on the gene editing market as it has driven biotech companies to invest in the gene editing space to develop rapid diagnostic tests.
- In search of new ways to fight SARS-CoV-2, the new coronavirus that causes Covid-19, researchers are exploring the potential of gene editing tools such as CRISPR as a solution for rapid genome analysis of COVID-19.
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Based on technology, the CRISPR-Cas9 gene editing segment accounted for nearly two-fifths of the global market share in 2021 and is expected to dominate by 2031. The same segment will – announced the fastest CAGR of 7.9% in 2031.
Based on application, the gene editing segment captured more than a quarter of the market share in 2021 and is expected to maintain its position until 2031. The segment will grow at a CAGR of 8.2% higher than the forecast period.
Major Key Market Players in the Industry –
- Allele Biotech,
- Takara Bio,
- CRISPR Therapeutics,
- OriGene Technologies,
- Precision Biosciences,
- GE Healthcare,
- Merck KGaA,
- ThermoFischer Scientific Inc.
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What is the total market value of gene editing market report?
Q2. What would be forecast period in the market report?
Q3. What is the market value of gene editing market in 2031?
Q4. Which is base year calculated in the gene editing market report?
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Key findings of the study –
- By technology, the crispr-cas9 gene editing segment held the largest share in the global market in 2021.
- On the basis of application, the gene editing segment held the largest market share in 2021 and is expected to remain dominant during the forecast period.
- By end user, the biotechnology and pharmaceutical companies segment held the largest market share in 2021.
- Region-wise, North America is expected to experience growth at the highest rate, registering a CAGR of 6.6% during the forecast period.
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