Selbyville, Delaware, July 08, 2021 (GLOBE NEWSWIRE) -- Global genome editing market, as per seasoned analysts, had reached a valuation of USD 3.7 billion in the year 2020 and is likely to record a 22.9% compound annual growth rate during the study period, eventually accounting for USD 15.67 billion by 2027.
The study also scrutinizes this business domain through its segmentations, specifically the application scope and the end-user spectrum. Statistical information such as market share and growth rate predictions of each segment is included in the study. Additionally, the report provides significant information regarding the geographical reach of this business space and concludes with a detailed SWOT analysis of the market majors.
It is worth noting that genome editing allows scientists to make some changes to the DNA, further resulting in changes to the physical traits including disease risk or eye color. Thus, growing demand for synthetic genes coupled with increasing popularity of CRISPR genome editing technologies are the primary growth stimulants of global genome editing market.
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Increasing R&D activities and subsequent innovative product launches are also facilitating the business scenario. However, complexities associated with clinical translation could potentially act as a restraining factor to the growth of global genome editing industry.
Summarizing the market segmentations
The report bifurcates global genome editing industry on the basis of its application reach and end-user scope. Speaking of the application spectrum, the market is further divided into clinical applications and genetic engineering.
The end-user scope of this business space includes contract research organizations, academic & government research institutes, and biotechnology & pharmaceutical companies.
From the geographical point of view
Global genome editing market, based on regional analysis, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the rest of the world.
Among these, experts cite that North America is likely to emerge as a major revenue contributor for the industry participants by 2027. Factors including technological breakthroughs in gene editing solutions coupled with surging investments in biotechnology sector are facilitating the regional business outlook.
On the other hand, Asia-Pacific genome editing industry share is expected to record substantial growth in the ensuing years, primarily driven by improving healthcare infrastructure, growing population, and rapid developments in biotechnology space.
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Global Genome Editing Market Application Spectrum (Revenue, USD Billion, 2018-2027)
- Clinical Applications
- Genetic Engineering
Global Genome Editing Market End-user Analysis (Revenue, USD Billion, 2018-2027)
- Contract Research Organization (CROs)
- Academic & Government Research Institutes
- Biotechnology & Pharmaceutical Companies
Global Genome Editing Market Geographical Contribution (Revenue, USD Billion, 2018-2027)
North America
- Canada
- United States
Asia-Pacific
- South Korea
- Japan
- India
- Australia
- China
- Rest of Asia-Pacific
Europe
- Italy
- Spain
- United Kingdom
- Germany
- France
- Rest of Europe
Latin America
- Brazil
- Mexico
Rest of the World
Global Genome Editing Market Competitive Terrain (Revenue, USD Billion, 2018-2027)
- Cellectis
- Caribou Biosciences Inc.
- Intellia Therapeutics Inc.
- CRISPR Therapeutics AG
- Editas Medicine
- Sangamo Therapeutics Inc.
- Recombinetics Inc.
- Cibus Ltd.
- The Merck Group
- Precision Biosciences Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Genome editing Market, by region, 2019-2027 (USD Billion)
1.2.2. Genome editing Market, by Application, 2019-2027 (USD Billion)
1.2.3. Genome editing Market, by End use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Genome editing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Genome editing Market Dynamics
3.1. Genome editing Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Success in pre-clinical models drives demands for genome editing therapeutics
3.1.1.2. Rising adoption in biotechnology
3.1.2. Market Challenges
3.1.2.1. Challenges with respect to clinical translation
3.1.3. Market Opportunities
3.1.3.1. Technological advancements in gene editing technologies
Chapter 4. Global Genome editing Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Genome editing Market, by Application
5.1. Market Snapshot
5.2. Global Genome editing Market by Application, Performance - Potential Analysis
5.3. Global Genome editing Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
5.4. Genome editing Market, Sub Segment Analysis
5.4.1. Genetic Engineering
5.4.2. Clinical Applications
Chapter 6. Global Genome editing Market, by End use
6.1. Market Snapshot
6.2. Global Genome editing Market by End use, Performance - Potential Analysis
6.3. Global Genome editing Market Estimates & Forecasts by End use 2018-2027 (USD Billion)
6.4. Genome editing Market, Sub Segment Analysis
6.4.1. Biotechnology & Pharmaceutical Companies
6.4.2. Academic & Government Research Institutes
6.4.3. Contract Research Organizations (CROs)
Chapter 7. Global Genome editing Market, Regional Analysis
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