Gene Editing Technologies Market size, opportunities and Forecast to 2032 | BIS Research
Author : Tanzeel Obaid | Published On : 15 May 2023
In recent years, gene editing technologies have emerged as a promising tool for treating a variety of genetic disorders. These technologies have the potential to not only cure genetic diseases but also to enhance human abilities, modify food crops, and create new species altogether. However, as with any powerful tool, gene editing also raises ethical and social questions. In this blog, we will explore the various gene editing technologies and their potential applications, as well as the ethical and social implications of their use.
What is Gene Editing?
Gene editing is the process of making specific changes to the DNA sequence of an organism. These changes can be made in two main ways: by adding, deleting or replacing genes, or by modifying the expression of existing genes. Gene editing technologies enable precise and targeted modifications of the genetic code, which allows for more efficient and accurate modification of an organism's traits.
Gene Editing Technologies
There are several gene editing technologies currently in use, with each having its own strengths and weaknesses. The most popular gene editing technologies are:
CRISPR-Cas9: CRISPR-Cas9 is a genome editing system that uses a small RNA molecule to guide a protein called Cas9 to a specific location in the genome. Once at the target site, the Cas9 protein cuts the DNA, allowing researchers to add, delete, or replace specific genes. The CRISPR-Cas9 system is widely used because of its ease of use, low cost, and high efficiency.
TALENs: Transcription activator-like effector nucleases (TALENs) use a similar approach to CRISPR-Cas9. However, TALENs use a different protein to cut the DNA. While TALENs are less efficient than CRISPR-Cas9, they have been shown to work in a wider range of organisms.
Zinc-Finger Nucleases (ZFNs): Zinc-finger nucleases (ZFNs) are similar to TALENs in that they use a different protein to cut the DNA. ZFNs are less efficient than CRISPR-Cas9, and they are more difficult to design and manufacture.
Applications of Gene Editing Technologies
Gene editing technologies have the potential to revolutionize medicine, agriculture, and many other fields. Some potential applications include:
Treating genetic diseases: Gene editing can be used to correct genetic mutations that cause diseases like cystic fibrosis, sickle cell anemia, and Huntington's disease. Researchers are also exploring the use of gene editing to treat cancer by modifying immune cells to recognize and attack cancer cells.
Enhancing human abilities: Gene editing could be used to enhance human abilities, such as improving memory or increasing intelligence. However, such applications raise ethical questions about creating a "superior" class of humans.
Modifying food crops: Gene editing can be used to modify food crops, making them more resistant to pests and diseases or more nutritious. However, the use of genetically modified crops raises concerns about the potential environmental impact and the safety of consuming these crops.
Creating new species: Gene editing can be used to create new species, such as mosquitoes that cannot carry malaria or plants that can grow in harsh environments. However, creating new species raises ethical questions about the potential impact on ecosystems and the potential unintended consequences of releasing genetically modified organisms into the wild.
Gene Editing Technologies Market Overview
Gene editing technologies are rapidly transforming the healthcare industry and have become a major focus of research and development in recent years. According to BIS Research, the Gene Editing Technologies Market was valued at $1.81 billion in 2022 and is anticipated to reach $16.37 billion by 2032, witnessing a CAGR of 27.50% during the forecast period 2023-2032. The market is expected to grow due to the increasing prevalence of genetic disorders, rising demand for personalized medicine, and advancements in gene editing technologies. The market is segmented based on technology, application, end-user, and region. The CRISPR-Cas9 technology dominates the gene editing technologies market, but other technologies such as TALEN and ZFN are also gaining popularity. The market is further segmented by application, including genetic engineering, cell line engineering, and others. End-users of gene editing technologies include biotechnology and pharmaceutical companies, academic and research institutes, and contract research organizations. North America dominates the gene editing technologies market, followed by Europe and the Asia Pacific. The major players in the gene editing technologies market include Thermo Fisher Scientific, CRISPR Therapeutics, Editas Medicine, Sangamo Therapeutics, and Horizon Discovery Group. The market is expected to continue to grow rapidly due to increasing investment in research and development, growing demand for personalized medicine, and increasing collaborations between academic institutes and pharmaceutical companies.
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Key Questions Answered in the Report
What are the three potential scenarios in which the global gene editing technologies market growth can unfold during 2022–2032?
What are the key trends influencing the global gene editing technologies market, and what is their potential for impacting the market?
What is the patent landscape of the global gene editing technologies market like? Which year and country witnessed the maximum patent filing between January 2018 and December 2022?
What are the key regulations that impact the growth of the global gene editing technologies market?