Genome Editing Market

Genome Editing Market Size by Application (Animal Genetic Engineering, Cell Line Engineering, and Plant Genetic Engineering), Technology (TALENs, Zinc Finger Nucleases (ZFNs), and CRISPR/Cas9), End-User (Contract Research Organizations (CROs), Biotech and Pharma Companies, and Research Institutes), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12995
  • Published Date: Jul, 2024
  • Pages: 235
  • Category: Healthcare
  • Format: PDF
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The global genome editing market was valued at USD 8.18 billion in 2023, increasing at a CAGR of 17% from 2024 to 2033 and anticipated to reach USD 39.33 billion by 2033.  Asia-Pacific is expected to grow the fastest during the forecast period. Furthermore, the increasing government funding, rise in the production of genetically modified crops, and growth in the number of genomics projects are expected to drive market growth.  The advancement in technology in the Genome Editing sector, such as CRISPR-Cas9 and base editing, which give accurate modification to DNA, is increasing the use of research and therapy.

CRISPR-Cas9 is a unique technology that permits geneticists & medical researchers to edit parts of the genome by altering, removing, or adding sections of the DNA sequence. CRISPRs are technical stretches of DNA. Multiple genome-editing tools exist, such as transcription activator-like effector nucleases (TALENs), zinc-finger nucleases (ZFNs), mega nucleases, and Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) methods. The CRISPR-Cas9 (CRISPR-associated protein 9) system is the most successful.

Market Introduction:

Genome editing (also known as gene editing) is a group of technologies that give scientists the ability to change an organism's DNA. The development of new approaches based on the CRISPR-Cas9 system has made this process much more affordable, efficient, and flexible relative to previous strategies. CRISPR could be utilized to alter disorder-causing genes in embryos carried to term, removing the faulty script from the genetic code of that individual's future descendants. Genome editing could even eliminate or potentially decrease the incidence of many severe genetic disorders, reducing human suffering globally. These technologies permit genetic material to be removed, added, or altered at particular locations in the genome. Genome editing technologies allow scientists to change DNA, leading to changes in physical traits, like eye color & disease risk. Genome editing is of great interest in preventing & treating human diseases. Scientists are still operating to determine whether this strategy is effective and safe for use in people. It is being explored in research & clinical trials for various diseases, including single-gene diseases like cystic fibrosis, hemophilia, and sickle cell illness. It also holds promise for preventing & treating more complex conditions, like heart disease, mental illness, cancer, and human immunodeficiency virus (HIV) infection.

Genome Editing Market Size

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Recent Development

For example, in January 2020, New England Biolabs cooperated with ERS Genomics to commercialize and develop CRISPR gene editing tools & reagents.

Market Dynamics:

Drivers

The increased incidence of genetic disorders: The expanding use of genome engineering in treating chronic illnesses and therapies drives market growth. Early, precise, and quick treatment via transcriptome, genomic, or other multi-omics cells causing chronic and infectious diseases propel the market growth. Further, private & government funding, the rise in the technology development in CRISPR gene editing, and the growing developments in gene therapy are also helping to propel the market growth. Apart from this, the usage of genome editing in treating these diseases has mainly grown in current years due to the ongoing incidence of chronic and infectious diseases such as HIV/AIDS, malaria, hepatitis, TB, and others. This factor is also stimulating market growth.

The increase in demand for synthetic genes: The supportive government guidelines associated with synthetic biology, rising demand for synthesized genes and synthesized cells, and surging investments from the government and major players are the driving factor of the market growth. Further, the substantial development in gene therapy & molecular biology is the development and use of different state-of-the-art gene editing techniques for editing purposes, also propelled the market growth. In addition, the development of genome engineering, the availability of user-friendly gene therapy systems, and gene therapy's ability to promote rapid genome-wide interrogation of gene function are also helping to boost market growth during the forecast period. 

Restraints:

A high equipment cost: The ethical problems concerning genetic editing, like safety & high expenses involved in gene therapies, hamper the market growth. Further, the high treatment & maintenance prices for genome alteration therapies and related treatments and a lack of infrastructure in low and medium-income nations are also restraining the market growth. Also, the lack of public awareness in underdeveloped economies and the off-target effects of CRISPR technology hinder the market growth. In addition, the off-target effects include unintended point mutations, insertions, deletions, and translocations. Off-target genome editing refers to nonspecific & unintended genetic modifications that can occur through the usage of engineered nuclease technologies like transcription activator-like effector nucleases (TALEN), zinc finger nucleases (ZFN) meganucleases, and clustered, regularly interspaced, short palindromic repeats (CRISPR)-Cas9. In addition, a significant concern is a high frequency of off-target activity (≥50%) mutations at locations other than the intended on-target site.

Opportunities:

The increased application areas of genomics: Antiviral applications for treating uncured illnesses such as herpes, HIV, and hepatitis B are the driving factor of the market growth. Also, the more substantial applications contain biotechnology, mutation and agriculture, and therapeutics. These technologies present many openings in crop advancement in gene-targeted exchange therapy that is not yet grasped. Furthermore, the growth of the cell & gene therapy area and the CRISPR gene editing scope in the agriculture sector is one of the opportunity factors of the market growth. However, the ever-increasing R&D funding for different research organizations in developing countries is helping to propel market growth. Also, the development of new drugs and the identification & management of human genetic diseases stimulate market growth during the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest market for the global genome editing market, with a 46.17% share of the market revenue in 2023. North America dominates the genome editing market due to the improved healthcare infrastructure. Further, the high penetration of animal genetic companies with advanced technologies, the presence of healthcare programs, and an increasing number of laboratories propel the market growth in this region. In addition, the presence of major market players in the US, along with the significant investment in R&D activities, are also helping to drive market growth. The Asia Pacific is expected to grow the fastest during the forecast period due to the increased government funding for biotechnology to improve disease treatment. In addition, the upsurge in disposable income, slow adoption of technology, high demand for animal proteins, and an unorganized regulatory environment across & within nations are also helping to boost market growth during the forecast period.

North America Region Genome Editing Market Share in 2023 - 46.17%

 

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Application segment analysis

The application segment is divided into animal genetic engineering, cell line engineering, and plant genetic engineering. The animal genetic engineering segment dominated, with a market share of around 41.28% in 2023. This growth is attributed to the increasing advancements in animal health biotechnology services and the increasing demand for animal protein.

Technology segment analysis

The technology segment is divided into TALENs, zinc finger nucleases (ZFNs), and CRISPR/Cas9. In 2023, the CRISPR/Cas9 segment dominated the market with the largest market share of 42.81%. This growth is attributed to the ever-increasing demand in the food industry for better products with improved quality & nutrient enrichment. CRISPR is a unique association of short, partway palindromic repeated DNA sequences found in the genomes of bacteria & other microorganisms. CRISPR lines are a vital component of the immune system. CRISPR immune system protects bacteria from ongoing viral infection. Its applications considerably impact comprehension of the genetic basis behind different carcinomas.

End-User segment analysis

The end-user segment is divided into contract research organizations (CROs), biotech and pharma companies, and research institutes. In 2023, the biotech and pharma companies segment dominated the market with the largest market share of 42.06%. This growth is attributed to rising R&D activities and new trends in treating genetic diseases.

Some of the Key Market Players:
  •  Merck KGaA
  • Thermo Fisher Scientific
  • Lonza
  • Sangamo Therapeutics
  • GenScript
  • Editas Medicine
  • Tecan Life Sciences
  • CRISPR Therapeutics AG
  • Cellectis S.A
  • Agilent Technologies
  • Precision Biosciences
  • Creative Biogene
  • Bluebird Bio
  • PerkinElmer
  • Regeneron Pharmaceuticals
  • Intellia Therapeutics
  • Vigene Biosciences
  • Transposagen Biopharmaceuticals
  • Synthego
  • Beam Therapeutics
  • Caribou Biosciences
  • Integrated DNA Technologies
  • Recombinetics
  • OriGene Technologies
  • New England Biolabs

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 8.18 Billion
Market size value in 2033 USD 39.33 Billion
CAGR (2024 to 2033) 17%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa.
Segments Key Segments are application, technology, end-use, application, and regions

Frequesntly Asked Questions

North America region emerged as the largest market for the genome editing.

The market's growth will be influenced by the increased incidence of genetic disorders.

The high equipment cost could hamper the market growth.

The increased application areas of genomics will provide huge opportunities to the market.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Application
          4.3.2. Market Attractiveness Analysis By Technology
          4.3.3. Market Attractiveness Analysis By End-User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing number of research activities for treating chronic diseases utilizing genome editing technology
          5.2.2. The technological advancements in the biotechnology sector
          5.2.3. The increased incidence of genetic disorders
          5.2.4. The increasing investment in genome editing technologies
    5.3. Restraints
          5.3.1. A high equipment cost
    5.4. Opportunities
          5.4.1. The increased application areas of genomics

6. Global Genome Editing Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Animal Genetic Engineering
    6.3. Cell Line Engineering
    6.4. Plant Genetic Engineering

7. Global Genome Editing Market Analysis and Forecast, By Technology
    7.1. Segment Overview
    7.2. TALENs
    7.3. Zinc Finger Nucleases (ZFNs)
    7.4. CRISPR/Cas9

8. Global Genome Editing Market Analysis and Forecast, By End-User
    8.1. Segment Overview
    8.2. Contract Research Organizations (CROs)
    8.3. Biotech and Pharma Companies
    8.4. Research Institutes

9. Global Genome Editing Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Genome Editing Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Genome Editing Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Merck KGaA
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Thermo Fisher Scientific
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Lonza
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Sangamo Therapeutics
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. GenScript
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Editas Medicine
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Tecan Life Sciences
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. CRISPR Therapeutics AG
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Cellectis S.A
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Agilent Technologies
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Precision Biosciences
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Creative Biogene
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Bluebird Bio
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. PerkinElmer
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. Regeneron Pharmaceuticals
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis
    11.16. Intellia Therapeutics
          11.16.1. Business Overview
          11.16.2. Company Snapshot
          11.16.3. Company Market Share Analysis
          11.16.4. Company Product Portfolio
          11.16.5. Recent Developments
          11.16.6. SWOT Analysis
    11.17. Vigene Biosciences
          11.17.1. Business Overview
          11.17.2. Company Snapshot
          11.17.3. Company Market Share Analysis
          11.17.4. Company Product Portfolio
          11.17.5. Recent Developments
          11.17.6. SWOT Analysis
    11.18. Transposagen Biopharmaceuticals
          11.18.1. Business Overview
          11.18.2. Company Snapshot
          11.18.3. Company Market Share Analysis
          11.18.4. Company Product Portfolio
          11.18.5. Recent Developments
          11.18.6. SWOT Analysis
    11.19. Synthego
          11.19.1. Business Overview
          11.19.2. Company Snapshot
          11.19.3. Company Market Share Analysis
          11.19.4. Company Product Portfolio
          11.19.5. Recent Developments
          11.19.6. SWOT Analysis
    11.20. Beam Therapeutics
          11.20.1. Business Overview
          11.20.2. Company Snapshot
          11.20.3. Company Market Share Analysis
          11.20.4. Company Product Portfolio
          11.20.5. Recent Developments
          11.20.6. SWOT Analysis
    11.21. Caribou Biosciences
          11.21.1. Business Overview
          11.21.2. Company Snapshot
          11.21.3. Company Market Share Analysis
          11.21.4. Company Product Portfolio
          11.21.5. Recent Developments
          11.21.6. SWOT Analysis
    11.22. Integrated DNA Technologies
          11.22.1. Business Overview
          11.22.2. Company Snapshot
          11.22.3. Company Market Share Analysis
          11.22.4. Company Product Portfolio
          11.22.5. Recent Developments
          11.22.6. SWOT Analysis
    11.23. Recombinetics
          11.23.1. Business Overview
          11.23.2. Company Snapshot
          11.23.3. Company Market Share Analysis
          11.23.4. Company Product Portfolio
          11.23.5. Recent Developments
          11.23.6. SWOT Analysis
    11.24. OriGene Technologies
          11.24.1. Business Overview
          11.24.2. Company Snapshot
          11.24.3. Company Market Share Analysis
          11.24.4. Company Product Portfolio
          11.24.5. Recent Developments
          11.24.6. SWOT Analysis
    11.25. New England Biolabs
          11.25.1. Business Overview
          11.25.2. Company Snapshot
          11.25.3. Company Market Share Analysis
          11.25.4. Company Product Portfolio
          11.25.5. Recent Developments
          11.25.6. SWOT Analysis

List of Table

1. Global Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

2. Global Animal Genetic Engineering, Genome Editing Market, By Region, 2020 - 2033 (USD Billion) 

3. Global Cell Line Engineering, Genome Editing Market, By Region, 2020 - 2033 (USD Billion) 

4. Global Plant Genetic Engineering, Genome Editing Market, By Region, 2020 - 2033 (USD Billion) 

5. Global Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

6. Global TALENs, Genome Editing Market, By Region, 2020 - 2033 (USD Billion)

7. Global Zinc Finger Nucleases (ZFNs), Genome Editing Market, By Region, 2020 - 2033 (USD Billion)

8. Global CRISPR/Cas9, Genome Editing Market, By Region, 2020 - 2033 (USD Billion)

9. Global Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

10. Global Contract Research Organizations (CROs), Genome Editing Market, By Region, 2020 - 2033 (USD Billion)

11. Global Biotech and Pharma Companies, Genome Editing Market, By Region, 2020 - 2033 (USD Billion)

12. Global Research Institutes, Genome Editing Market, By Region, 2020 - 2033 (USD Billion)

13. North America Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

14. North America Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

15. North America Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

16. U.S. Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

17. U.S. Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

18. U.S. Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

19. Canada Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

20. Canada Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

21. Canada Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

22. Mexico Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

23. Mexico Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

24. Mexico Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

25. Europe Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

26. Europe Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

27. Europe Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

28. Germany Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

29. Germany Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

30. Germany Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

31. France Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

32. France Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

33. France Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

34. U.K. Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

35. U.K. Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

36. U.K. Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

37. Italy Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

38. Italy Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

39. Italy Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

40. Spain Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

41. Spain Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

42. Spain Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

43. Asia Pacific Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

44. Asia Pacific Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

45. Asia Pacific Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

46. Japan Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

47. Japan Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

48. Japan Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

49. China Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

50. China Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

51. China Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

52. India Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

53. India Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

54. India Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

55. South America Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

56. South America Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

57. South America Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

58. Brazil Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

59. Brazil Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

60. Brazil Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

61. Middle East and Africa Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

62. Middle East and Africa Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

63. Middle East and Africa Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

64. UAE Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

65. UAE Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

66. UAE Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

67. South Africa Genome Editing Market, By Application, 2020 - 2033 (USD Billion)

68. South Africa Genome Editing Market, By Technology, 2020 - 2033 (USD Billion)

69. South Africa Genome Editing Market, By End-User, 2020 - 2033 (USD Billion)

List of Figures 

1. Global Genome Editing Market Segmentation

2. Global Genome Editing Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top- Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Genome Editing Market Attractiveness Analysis By Application

9. Global Genome Editing Market Attractiveness Analysis By Technology 

10. Global Genome Editing Market Attractiveness Analysis By End-User

11. Global Genome Editing Market Attractiveness Analysis By Region

12. Global Genome Editing Market: Dynamics

13. Global Genome Editing Market Share By Application (2023 & 2033)

14. Global Genome Editing Market Share By Technology (2023 & 2033)

15. Global Genome Editing Market Share By End-User (2023 & 2033)

16. Global Genome Editing Market Share By Regions (2023 & 2033)

17. Global Genome Editing Market Share By Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global genome editing based on below mentioned segments:

Global Genome Editing Market by Application:

  • Animal Genetic Engineering
  • Cell Line Engineering
  • Plant Genetic Engineering

Global Genome Editing Market by Technology:

  • TALENs
  • Zinc Finger Nucleases (ZFNs)
  • CRISPR/Cas9

Global Genome Editing Market by End-User:

  • Contract Research Organizations (CROs)
  • Biotech and Pharma Companies
  • Research Institutes

Global Genome Editing by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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