Genome Engineering Market, 2024 - | Financial Buzz

Genome Engineering Market, 2024 –

The “Genome
Engineering Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2024” report has been added to’s

The report predicts the global genome engineering market to grow with a
CAGR of 11.80% over the forecast period of 2018-2024.

The report on global genome engineering market provides qualitative and
quantitative analysis for the period of 2016 to 2024. The study on
genome engineering market covers the analysis of the leading geographies
such as North America, Europe, Asia-Pacific and RoW for the period of
2016 to 2024.

A genome is the genetic material of an organism. Genome engineering or
genome editing is a type of genetic engineering in which DNA is
inserted, modified, deleted or replaced in the genome of the living
organism. Several approaches to genome editing have been developed. A
recent one is known as CRISPR-Cas9, which is short for clustered
regularly interspaced short palindromic repeats and CRISPR-associated
protein 9. Genome editing is of huge interest in the prevention and
treatment of human diseases. Currently, most research on genome
engineering is done to understand diseases using cells and animal models.

Rising prevalence of infectious diseases and cancer, and availability of
research grants & funding from the government are the primary factors
responsible for driving the genome engineering market. Genome
engineering is widely used in biotechnology and pharmaceutical
companies; these companies are constantly indulged in research and
development activities to prepare an antidote for the various infectious
disease and cancer that helps to augment market growth. However, a lack
of trained professionals and adverse public perception of genetic
research is likely to be the restraint for the market growth.

The use of genetic engineering to treat increasingly prevalent chronic
diseases and in preparing specialized or personalized medicine can
create huge growth opportunities in near future for genome engineering

Geographically, North America is in the leading position among the other
regions with a significant market share. U.S. drives the North America
genome engineering market, on account of factors such as development of
gene therapy, increasing use of genetically modified crops and huge
government funding for genome engineering research. Europe is expected
to grow at the highest CAGR during the forecast period, 2018-2024.

Segments Covered

The global genome engineering market is segmented on the basis of
technology, application and end-user.

Global Genome Engineering Market by Technology

Global Genome Engineering Market by Application

Global Genome Engineering Market by End-User

Company Profiles

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