Efforts of Pharmaceutical Companies toward Development of New Treatment Solutions Create Lucrative Avenues in Genome Engineering Market, Notes TMR

- The genome engineering market is expected to expand at a CAGR of 10.9% CAGR during 2019-2027. This growth can be attributed to the growing funding toward genomic research and technological developments in the field.

- Huge investments by the U.S. on research pertaining to genome editing make the country the global leader in the market

News provided by

Transparency Market Research

Aug 27, 2021, 07:30 ET

ALBANY, N.Y., Aug. 27, 2021 /PRNewswire/ -- The global genome engineering market is projected to experience substantial expansion avenues in the forecast period of 2019 to 2027. This growth is on the back of many crucial factors, including increased investment by pharmaceutical companies for new product development activities and rising demand for synthetic genes from all across the globe.

The concept of genome engineering is applied in animal genome engineering, plant genome engineering, and cell line engineering.

A new study published by Transparency Market Research (TMR) states that the global genome engineering market is projected to reach the valuation of US$ 9.59 Bn by the end of forecast period from 2019 to 2027. The total valuation of the market was recorded at US$ 3.69 Bn in 2018.

Strong expertise with attention to detail makes our market research reports stand apart, Request a Report Sample here - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4671

Genome Engineering Market: Key Findings

Rise in Adoption of CRISPR Technology Owing to Its Varied Advantages

The CRISPR technology is gaining traction from the past couple of years, owing to various advantages it offers. The technology is user-friendly in nature and offers high precision level. In addition, it can be utilized efficiently for the alteration of endogenous genes in biomedically significant cell types as well as in life forms that are difficult to manipulate by conventional techniques.

Surge in Number of Cancer, Autoimmune Diseases Globally Boosts Demand for Cell Line Engineering

The notable growth in the number of people living with varied critical health issues such as cancer and autoimmune diseases has resulted in increased need for precise and cost-effective treatment solutions. This scenario is promoting diverse research and development activities and creating lucrative avenues for the expansion of cell line engineering technology.

Request for Analysis of COVID-19 Impact on Genome Engineering Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4671

Genome Engineering Market: Growth Boosters

Many universities across the globe are encouraged for the research and development activities in the synthetic biology. As a result, they are seen offering noteworthy amount in the form of funding for such researches. This scenario is acting as one of the key drivers for the growth of the global genome engineering market.
Major companies engaged in the pharmaceutical industry have realized the importance of gene editing technologies in order to develop efficient treatment options for varied genetic disorders. As a result, they are entering into collaboration agreements with gene editing companies for the development of advanced treatment solutions. This is expected to favor the growth of the global genome engineering market.
Increased funding from several government authorities from across the globe for genomic research is anticipated to fuel market expansion in the upcoming years
The concept of plant genome editing is foreseen to experience numerous technological advancements in the near future. Localized trait stacking, safe harbor integration, epigenetics, and non-integrative editing are some of the key areas of such advancements. A significant growth in the production of genetically modified crops is expected to help in market development in the upcoming years.
The U.S. is expected to dominate the North America genome engineering market, due to extensive genome editing research activities in the country

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough, ask for custom research here - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=4671

Genome Engineering Market: Key Players

The report profiles key players operating in the genome engineering market. The report provides critical data such as the company overview, product portfolio, financial overview, recent developments, and key business strategies of each player operating in the market.

Some of the key players working in the market are:

GenScript
Applied Stem Cell, Inc.
Integrated DNA Technologies, Inc.
Horizon Discovery Group plc
New England Biolabs
Lonza Group Ltd.
Sangamo BioSciences, Inc.
OriGene Technologies, Inc.
Thermo Fisher Scientific, Inc.,
Sigma-Aldrich Co. LLC.
Transposagen Biopharmaceuticals, Inc.

Purchase Premium Research Report on Genome Engineering Market - https://www.transparencymarketresearch.com/checkout.php?rep_id=4671&ltype=S

The global genome engineering market has been segmented as follows:

Global Genome Engineering Market, by Technology

Clustered regularly interspaced short palindromic repeats (CRISPR)
Transcription activator-like effector nuclease (Talen)
Zinc Finger Nuclease (ZFN)
Other Technologies

Global Genome Engineering Market, by Application

Cell Line Engineering
Animal Genome Engineering
Plant Genome Engineering
Other Application

Global Genome Engineering Market, by End-User

Pharmaceutical and Biotechnology Companies
Academics
Clinical Research Organizations

Global Genome engineering Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific

China
India
Japan
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Synthetic Biology Market: According to the report, the global synthetic biology market was valued at US$ 4.96 Bn in 2018 and is projected to expand at a CAGR of 26.3% from 2019 to 2027, rise in demand for biologic drugs for treating various chronic conditions, decline in cost of DNA sequencing and synthesis, technological advancements, and entry of new players are anticipated to drive the global synthetic biology market

Stem Cells Market: As per the market report by Transparency Market Research, the global market for stem cells is projected to reach a value of US$270.5 bn by the end of 2025. The market is likely to exhibit a strong 13.80% CAGR between 2017 and 2025. The rapid development of the infrastructure that is required for the stem cell banking and processing, especially in developing economies is predicted to encourage the growth of the global stem cells market in the coming years. Moreover, the favorable regulation for stem cells is likely to support the market growth in the near future.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com/