Global Genetic Engineering Tools Market Research Report 2023: Genetic Engineering in Agriculture and Growing Research and Technology Developments – Competition and Forecast to 2028

DUBLIN, June 29, 2023 /PRNewswire/ — The “Genetic Engineering Tools Market – Global Industry Size, Shares, Trends, Opportunities, and Forecasts, 2018-2028 Segmented by Type (Genome Scale Editing Tools vs Genome Scale Engineering Tools ), by Therapeutic Area, by End User, by Region and Competitor report has been added.” ResearchAndMarkets.com offer.

The Global Genetic Engineering Tools Market Is Expected To Show Robust Growth In The Forecast Years 2024-2028

This can be attributed to the growing advances in biotechnology and genetics. The growing popularity of genomic medicine and personalized medicine is driving the growth of the global genetic engineering tools market in the coming years. As of 2020, the number of personalized medicines available in the United States it was about 286.

The process of using recombinant deoxyribonucleic acid (rDNA) technology to create alterations in the genetic makeup of an organism is classified as genetic engineering. These altercations occur through various biotechnological processes such as insert, delete, CRISPR, etc.

These techniques are called genetic engineering tools. Genetic modifications have various purposes such as pharmaceutical production, protein improvement, genetic studies, etc., and thus genetic engineering tools are rapidly introduced and consistent research is conducted.

The growth of the pharmaceutical industry drives the growth of the market

The healthcare sector is rapidly expanding globally and the increase in financial aid for the development of the healthcare sector is creating more lucrative opportunities for the growth of the market growth.

One of the industries, the pharmaceutical sector is advancing the most and experiencing phenomenal growth in the coming years due to the extensive use of genetic engineering tools in their manufacturing, designing and manufacturing. The rapid growth of precision medicine, genomic medicine and other advanced therapeutic methods is further driving the growth of the global genetic engineering tools market in the next five years.

The first successful product of genetic engineering in the pharmaceutical industry was protein drugs such as insulin. Microorganisms used as bioreactors were used to multiply the amount of the protein and then mass-produce the drug. Transgenic animals and transgenic plants are also used for the production of various protein drugs which cannot be produced in microorganisms.

Research and technological development support market growth

Genetic engineering is a constantly developing field of biotechnology. With the sustained and continuous ongoing research related to gene editing and genome manipulation studies, the global genetic engineering tools market is set to experience robust growth in the coming years. With the prevalence of chronic diseases and the growing demand for therapeutic approaches towards such diseases, the global genetic engineering tools market is sustaining growth over the forecast period.

Minichromosomal technology and RNA transcription alterations are some of the leading genetic engineering tools that are expecting more research, thus supporting the growth of the global genetic engineering tools market in the coming years. CRISPR-Cas9 gene alterations is a gene therapy that is expected to help market growth.

Also, genetic engineering has various applications. Further applications of genetic engineering tools in genome editing is another potential research segment that would drive the growth of the global genetic engineering tools market in the forecasted years.

Genetic engineering in agriculture

The demands for advancement in the agricultural sector with the help of genetic engineering are further confirming the growth of the global genetic engineering tools market in the coming years. According to biotech lobby group ISAAA, GM crops covered 191.7 million hectares in 2018, up 1 percent from 2017.

With 75 million hectares (39% of the world surface), the United States is the world’s largest producer of GM crops. Increased crop yields, reduced costs for food or drug production, less need for pesticides, improved nutrient composition and food quality, resistance to pests and diseases, increased food security and medical benefits for the growing world population are some of the main benefits involving the use of genetic engineering tools.

The involvement of genetic engineering tools in agriculture to produce better crops will also drive the growth of the global genetic engineering tools market in the coming years.

Competitive landscape

Company Profiles: Detailed analysis of the main companies present in the global genetic engineering tools market.

  • Thermo Fisher Scientific Inc
  • CRISPR Therapeutics AG
  • Editas Medicina, Inc.
  • Intellia Therapeutics, Inc
  • Erck KGaA
  • Horizon Discovery Ltd
  • GeneCopea Inc
  • Takara Bio Inc
  • Sangamo Therapeutics, Inc.
  • Genscript Biotech Corporation

The voice of the customers

  • Commonly used genetic engineering techniques
  • Commonly used gene editing techniques
  • Benefits of using genetic engineering tools
  • Preference for genetic engineering tools, by therapeutic area
  • Obstacles to the adoption of genetic engineering tools
  • Brand awareness

Scope of the report:

Genetic Engineering Tools Market, by Type:

  • Genome-scale editing tools
  • CRISPR
  • MAGICIAN
  • CRMAGE extension
  • CREATE
  • Others
  • Genome-scale engineering tools
  • Promoter engineering
  • Ribosome binding site (RBS) engineering.
  • Small synthetic regulatory RNA
  • Others

Genetic Engineering Tools Market, By Therapeutic Area:

  • Sickle cell anemia
  • Heart disease
  • Diabetes
  • Alzheimer’s disease
  • Obesity
  • Others

Genetic Engineering Tools Market, by End User:

  • Biotechnology and pharmaceutical companies
  • Academic and research institutions
  • Others

Genetic Engineering Tools Market, by Regions:

  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Singapore
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • South America
  • Brazil
  • Argentina
  • Colombia

For more information about this report, please visit https://www.researchandmarkets.com/r/gztbwt

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