Genetic Engineering Market Size, Share, Growth & Trend Analysis Report by 2029

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Global Genetic Engineering Market size was valued at USD 1.03 Bn in 2022 and is expected to reach USD 4.56 Bn by 2029, at a CAGR of 23.7%.

Genetic Engineering Market Overview

Maximize Market Research has released a comprehensive report on the global Genetic Engineering Market, which includes information on manufacturers, dynamics, regions, types, applications, segments, and forecasts through 2029. The report provides a detailed analysis of the market's ever-changing patterns, the industry environment, and all dominant market aspects.

Genetic Engineering Market Report Scope and Research Methodology

Maximize Market Research's Genetic Engineering market report is a comprehensive analysis of the market based on primary and secondary research. The report includes qualitative and quantitative data to assist decision-makers in identifying market segments and variables driving growth. The global Genetic Engineering market size was estimated using the bottom-up approach. SWOT analysis is used to identify the key players in the Genetic Engineering industry's strengths, weaknesses, opportunities, and threats. The report also includes a PESTLE analysis, which can assist investors in developing Genetic Engineering industry strategies.

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PESTLE analysis takes into account political, economic, social, technological, legal, and environmental factors that may have an impact on the Genetic Engineering market. Political factors such as government regulations and policies can have an impact on the Genetic Engineering market. Economic factors can influence consumer spending and investment in the Genetic Engineering market. Social factors can influence consumer preferences and demand in the Genetic Engineering market. Technological factors, such as the introduction of new products and services, can have an impact on the Genetic Engineering market. Legal factors can influence the Genetic Engineering market by regulating product production, distribution, and sale. Environmental factors can have an impact on the Genetic Engineering market by influencing raw material availability and production costs.

Genetic Engineering Market Segment Analysis: 

By technique, the gene-splicing segment accounted for the largest Genetic Engineering Market share in 2022. It is known as recombinant DNA technology, which involves cutting and joining DNA fragments. This technique has revolutionized genetic engineering by allowing scientists to modify the genetic makeup of organisms, leading to significant advancements in various applications. The segment growth is driven by Versatility in research and development, genetic testing and gene therapy, biopharmaceutical production and other factors. Also, ongoing advancements in gene sequencing technologies, DNA synthesis techniques, and improvements in the understanding of gene regulation are expected to boost the segment in global market growth.

by Product

Biochemical
Genetic Markers

by Techniques

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

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Genetic Engineering Market key players include

1. Thermo Fisher Scientific Inc.
2. Herbert Boyer
3. Merck KGaA (EMD Millipore)
4. Lonza Group Ltd.
5. Horizon Discovery Group plc
6. GenScript Biotech Corporation
7. CRISPR Therapeutics AG
8. Editas Medicine, Inc.
9. Sangamo Therapeutics, Inc.
10. Intellia Therapeutics, Inc.
11. Cellectis S.A.
12. Precision BioSciences Inc.
13. New England Biolabs, Inc.
14. Takara Bio Inc.
15. OriGene Technologies, Inc.

Genetic Engineering Market Regional Insights

The report examines market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

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About Maximize Market Research:

Maximize Market Research is a market research and consulting firm with professionals from various industries. Medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems are among the industries we cover. We offer market-verified industry estimates, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies, to name a few.

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