(PharmaNewsWire.Com, September 02, 2023 ) As per Maximize Market research, the Genetic Engineering Market was USD 1.03 billion. In 2022 and is expected to grow at a CAGR of 23.7 percent over the forecast period to reach USD 4.56 billion by 2029.
Genetic Engineering Market Report Scope and Research Methodology
The Genetic Engineering Market Report provides an analysis of industry trends, market size, key players, growth factors, and challenges. The research methodology includes data collection, analysis, and validation from reliable sources, ensuring accuracy and credibility.
Advancements in gene editing technologies, especially CRISPR-Cas9, are driving Genetic Engineering Market growth. This precise and efficient tool enables targeted DNA modifications, accelerating research and applications in fields like agriculture and medicine. Rapid progress in gene editing offers cost-effective solutions and therapeutic opportunities, driving the global genetic engineering market forward.
Genetic Engineering Market Regional Insights
North America dominated the Genetic Engineering Market in 2022. Due to the growing popularity of stem cell therapies genetic technologies in the United States. Investments in precision medicine, gene therapies, and biotech bolster it, despite cost challenges. Privacy and ethical concerns, though, might temper regional expansion.
Maximize Market Research is leading Life Science research firm, has also published the following reports:
Bioengineering Technology Market - The market size is expected to reach USD 538.56 Bn. by 2029 at a CAGR of 12.3 percent during the forecast period.
Life Science Tools Market - The Market size is expected to reach USD 287.28 Bn. by 2029 at a CAGR of 12 percent during the forecast period.
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