Gene Editing Tools Market is valued at USD 412.9 Million in 2021 and expected to reach USD 1362.6 Million by 2028 with a CAGR of 18.6% over the forecast period.
Increasing prevalence of cancer and other genetic disorders, rising technological advancements, and growing cases of chronic disease are some of the major factors driving the growth of the Global Gene Editing Tools Market.
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Scope of Global Gene Editing Tools Market Report:
Gene-editing tools are technologies used to change or modify a specific part of an organism’s DNA sequence. The most common & widely used type of this tool is the CRISPR-Cas system which belongs to a protein family called type II bacterial clustered regularly interspaced short palindromic repeats (CRISPR). This technique was first identified in bacteria but has now been applied to various applications including plants, animals, human cell lines, etc. The term “”gene editing”” can therefore be defined as any process where single base pair changes are introduced into genetic sequences.
Gene Editing Tools Market key Players:
- ERS Genomics
- Crispr Therapeutics
- Merck KGaA
- Editas Medicine
- Takara Bio USA
- New England Biolabs
- Intellia Therapeutics, Inc.
- GenScript Biotech Corporation
- Thermo Fisher Scientific Inc.
Global Gene Editing Tools Market Segmentation:
- Transposon Systems
- Zinc Finger Nucleases (ZFNs)
- Transcription Activator-Like Effector Nucleases (TALENs)
- Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR/Cas9)
- Viral Systems
- Food & Brewing Development
- Cell Line Engineering
- Veterinary Medicine
- Food Waste Management
- Biosensing Development
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Chinese Scientists Developed A New ‘Controllable and Reversible’ Gene-Editing Technique
On August 17th, 2022; Chinese researchers developed a new gene-editing tool that is more efficient and safer because it does not permanently alter the genome. Scientists from the Chinese Academy of Sciences said the new device uses CRISPR (clustered regularly interspaced short palindromic repeat) technology – a natural defense mechanism that allows the detection and destruction of viruses that attack bacterial cells and has become one of the most commonly used genes – Editing techniques in recent years.
Gene Editing Tools Market: Drivers
The rising number of technological advancements is also supplementing the growth of the gene editing tools market. Recent advances in CRISPR gene editing tools and their ease of use have generated considerable interest in the biomedical community. Clustered regularly interspaced short palindromic repeats (CRISPR)-based gene editing has high potential to address the therapeutic landscape of induced disorders, with the presence of major industry players such as Intellia, CRISPR Therapeutics, and Editas. CRISPR gene editing tools offer precise gene-targeted therapies for β-thalassemia and SKD. Among gene editing tools, there are potential applications for CRISPR in the market for gene editing tools in human therapeutics as well as veterinary treatments. For instance; as per the news published, on march 30th, 2021; Scientists launched a clinical trial of CRISPR gene correction therapy in patients with sickle cell disease. Therefore, many innovations in various (CRISPR)-based gene editing promote the growth of the gene editing tools market.
North America is Expected to capture a Major Share in the Global Gene Editing Tools Market
Geographically, North America is expected to capture a major share in the global gene editing tools market within the forecast period due to the increasing cases of cancer, highly developed healthcare infrastructure, and high investments by large pharmaceutical and biotechnology companies in research activities in this region. Increasing cases of cancer are driving the growth of the market. For instance; according to National Cancer Institute, 1,806,590 new cases of cancer will be diagnosed in the United States and 606,520 people will die from the disease in 2020. In addition, the rising number of technological advancements is also supplementing the market growth in this region.
The Asia Pacific is the fastest-growing region in the global gene editing tools market due to the increasing prevalence of cancer, and growing investment in healthcare research and development activities in this region.
By Regional Analysis:
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits of Global Gene Editing Tools Market Report:
- Global Gene Editing Tools Market report covers in-depth historical and forecast analysis
- Global Gene Editing Tools Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Gene Editing Tools Market report helps to identify opportunities in marketplace.
- Global Gene Editing Tools Market report covers extensive analysis of emerging trends and competitive landscape.
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