[Latest] Global Genetic Engineering Market Size/Share Worth

Austin, TX, USA, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Genetic Engineering Market Size, Trends and Insights By Product (Biochemical, Genetic Markers), By Devices (PCR, Gene Gun, Gel Assemblies), By Techniques (Gene Splicing, Artificial Selection, Recombinant DNA Technology, Synthesizing DNA, Gene Editing, Other), By Application (Agriculture, Medical Industrial), By End-User (Biotechnology Companies, Pharmaceutical Manufacturers, Academic and Research Institutions, Other), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Genetic Engineering Market size & share was valued at approximately USD 1,400 Million in 2023 and is expected to reach USD 1,491.6 Million in 2024 and is expected to reach a value of around USD 2,917.2 Million by 2033, at a compound annual growth rate (CAGR) of about 6.74% during the forecast period 2024 to 2033.”

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Genetic Engineering Market: Overview

The Global Genetic Engineering Market is experiencing robust growth driven by advancements in biopharmaceuticals, gene editing technologies, and expanding applications in agriculture and personalized medicine. Genetic engineering involves manipulating an organism’s genes to create desired traits, such as pest resistance in crops or targeted therapies for diseases.

The market dynamics are primarily influenced by key drivers, including the rising demand for biopharmaceuticals. Genetic engineering enables the production of complex proteins and antibodies used in treating diseases like cancer and diabetes. The market is also bolstered by technological advancements in gene editing tools like CRISPR-Cas9, which offer precise and efficient modifications to genetic sequences.

However, the market faces challenges such as ethical and regulatory concerns associated with altering genetic material. Stringent regulations can slow down product approvals, impacting market growth. Additionally, the high cost of research and development in genetic engineering presents a barrier to entry for many companies.

Despite these challenges, the market presents significant opportunities, especially in agriculture and personalized medicine. Genetically modified crops are increasingly adopted for improving yield and sustainability, while personalized medicine based on genetic makeup is poised to transform disease treatment.

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North America leads the global market, driven by established biotechnology and pharmaceutical industries, robust research ecosystems, and favorable regulatory environments. In contrast, the Asia Pacific region is emerging as a rapidly growing market due to increasing investments, government support, and rising awareness of genetic therapies.

The market is segmented by products, devices, techniques, applications, and end-users. Genetic markers and PCR (Polymerase Chain Reaction) are among the dominant segments, reflecting their critical roles in genetic engineering applications. Gene editing techniques, particularly CRISPR-Cas9, are at the forefront due to their precision and versatility.

Biotechnology companies are the primary end-users, heavily invested in genetic engineering for drug development and agricultural biotechnology. Academic and research institutions also drive innovation in genetic engineering techniques.

Recent developments highlight the market’s progress, including positive clinical trial results for CRISPR-based therapies, partnerships for developing disease-resistant crops, and FDA approvals for gene editing therapies targeting genetic disorders.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 1,491.6 Million
Projected Market Size in 2033	USD 2,917.2 Million
Market Size in 2023	USD 1,400 Million
CAGR Growth Rate	6.74% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product, Devices, Techniques, Application, End-User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Genetic Engineering report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Genetic Engineering report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Genetic Engineering market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Genetic Engineering industry.

The competitive landscape includes key innovators, after market service providers, market giants as well and niche players which were studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

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Key questions answered in this report:

What is the size of the Genetic Engineering market and what is its expected growth rate?
What are the primary driving factors that push the Genetic Engineering market forward?
What are the Genetic Engineering Industry's top companies?
What are the different categories that the Genetic Engineering Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Genetic Engineering market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Genetic Engineering Market: Regional Analysis

North America is the leading region in the global genetic engineering market. This is primarily due to several factors. Firstly, North America, particularly the United States, houses some of the world’s largest biotechnology and pharmaceutical companies that heavily invest in genetic engineering research and development.

The region benefits from a robust ecosystem of academic institutions, research centers, and venture capital funding, fostering innovation in genetic technologies. Additionally, favorable regulatory frameworks and strong intellectual property protection encourage industry growth and investment.

The presence of sophisticated healthcare infrastructure and high adoption rates of advanced medical technologies further drive the genetic engineering market in North America.

Asia Pacific is emerging as the fastest-growing region in the global genetic engineering market. Countries like China, India, Japan, and South Korea are witnessing rapid growth in the biotechnology and genetic engineering sectors.

The Asia Pacific region offers significant growth opportunities due to its large population base, increasing healthcare expenditure, and rising awareness about personalized medicine and genetic therapies. Furthermore, government initiatives supporting biotechnology research and development, coupled with a growing focus on precision medicine and genomics, are propelling the genetic engineering market in this region.

Lower operating costs and a growing pool of skilled scientific talent also contribute to the attractiveness of Asia Pacific for genetic engineering companies.

In conclusion, while North America remains the leading region in the global genetic engineering market due to its established industry ecosystem and technological advancements, the Asia Pacific region is experiencing rapid growth fueled by favorable demographics, increasing investments, and supportive government policies.

Both regions offer distinct advantages and opportunities for genetic engineering companies, with North America leading in terms of market size and maturity, and Asia Pacific leading in terms of growth potential and emerging market dynamics.

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Browse the full “Genetic Engineering Market Size, Trends and Insights By Product (Biochemical, Genetic Markers), By Devices (PCR, Gene Gun, Gel Assemblies), By Techniques (Gene Splicing, Artificial Selection, Recombinant DNA Technology, Synthesizing DNA, Gene Editing, Other), By Application (Agriculture, Medical Industrial), By End-User (Biotechnology Companies, Pharmaceutical Manufacturers, Academic and Research Institutions, Other), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/genetic-engineering-market/

List of the prominent players in the Genetic Engineering Market:

Merck KGaA (Germany)
Thermo Fisher Scientific Inc. (US)
GenScript (China)
Agilent Technologies (US)
PerkinElmer (US)
Lonza (Switzerland)
Tecan Life Sciences (Switzerland)
Sangamo Therapeutics (US)
Editas Medicine (US)
CRISPR Therapeutics AG (Switzerland)
Precision Biosciences (US)
Cellectis S.A. (France)
Intellia Therapeutics (US)
Bluebird Bio Inc. (US)
Regeneron Pharmaceuticals (US)
AMSBIO (England)
Creative Biogene (US)
Synthego Corporation (US)
Beam Therapeutics Inc. (US)
Caribou Biosciences Inc. (US)
Others

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The Genetic Engineering Market is segmented as follows:

By Product

Biochemical
Genetic Markers

By Devices

PCR
Gene Gun
Gel Assemblies

By Techniques

Gene Splicing
Artificial Selection
Recombinant DNA Technology
Synthesizing DNA
Gene Editing
Other

By Application

Agriculture
Medical Industrial

By End-User

Biotechnology Companies
Pharmaceutical Manufacturers
Academic and Research Institutions
Other

Click Here to Get a Free Sample Report of the Global Genetic Engineering Market @ https://www.custommarketinsights.com/report/genetic-engineering-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Genetic Engineering Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Genetic Engineering Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Genetic Engineering Market? What Was the Capacity, Production Value, Cost and PROFIT of the Genetic Engineering Market?
What Is the Current Market Status of the Genetic Engineering Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Genetic Engineering Market by Considering Applications and Types?
What Are Projections of the Global Genetic Engineering Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Genetic Engineering Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Genetic Engineering Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Genetic Engineering Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Genetic Engineering Industry?

Click Here to Access a Free Sample Report of the Global Genetic Engineering Market @ https://www.custommarketinsights.com/report/genetic-engineering-market/

Reasons to Purchase Genetic Engineering Market Report

Genetic Engineering Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Genetic Engineering Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Genetic Engineering Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Genetic Engineering Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Genetic Engineering market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Genetic Engineering market analysis.

The competitive environment of current and potential participants in the Genetic Engineering market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Genetic Engineering market should find this report useful. The research will be useful to all market participants in the Genetic Engineering industry.
Managers in the Genetic Engineering sector are interested in publishing up-to-date and projected data about the worldwide Genetic Engineering market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Genetic Engineering products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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