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Genetic Engineering Tool Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2018-2028 Segmented By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools), By Therapeutic Area, By End User, By Region and Competition

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  • 116 Pages
  • March 2023
  • Region: Global
  • TechSci Research
  • ID: 5755430
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Global genetic engineering tool market is expected to show robust growth in the forecast years 2024-2028. This can be ascribed to the increasing advancements in the field of biotechnology and genetics. The growing popularity of genomic medicine and personalized medicine is driving the growth of the global genetic engineering tool market in the coming years. As of 2020, the number of personalized medicine available in the United States was around 286.

The process of using recombinant Deoxyribonucleic Acid (rDNA) technology to create alterations in the genetic map of an organism is categorized as genetic engineering. These altercations are done through various biotechnological processes like insertion, deletion, CRISPR, etc. These techniques are termed genetic engineering tools. Genetic modifications have various purposes like pharmaceutical production, protein enhancement, genetic studies, etc., and thus genetic engineering tools are rapidly being introduced, and consistent research is being carried out.

Pharmaceutical Industry Growth Drives Market Growth

The Healthcare industry is rapidly expanding globally, and increasing financial aid for the development of the healthcare industry is further creating lucrative opportunities for the growth of market growth. One of the sectors, the pharmaceutical sector, is most advancing and registers phenomenal growth in the coming years due to the extended utilization of genetic engineering tools in their production, design, and manufacturing. The rapid growth of precision medicine, genomic medicine, and other advanced methods of therapeutics is further aiding the growth of the global genetic engineering tools market in the upcoming five years.

The first-ever successful product of genetic engineering in the pharmaceutical industry was protein drugs like insulin. Micro-organisms used as bioreactors were utilized to multiply the quantity of the protein and thus mass-produced the drug. Transgenic animals and transgenic plants are also utilized for the production of various protein drugs that are not possible to be produced in the micro-organisms.

Research & Technology Development Support Market Growth

Genetic engineering is a consistently developing sector of biotechnology. With prolonging and continuous research going on related to gene editing and genome manipulating studies, the global genetic engineering tool market is bound to register robust growth in the coming years. With the prevalence of chronic diseases and the surging demand for therapeutic approaches toward those diseases, the global genetic engineering tool market is supporting growth in the forecast period.

Minichromosomal technology and RNA transcription alterations are some of the major genetic engineering tools expecting more research, thereby supporting the growth of the global genetic engineering tools market in the coming years. CRISPR-Cas9 gene altercations is a gene therapy that is expected to aid market growth. Moreover, genetic engineering has various applications. Further applications of genetic engineering tools in genome modification are another prospective research segment that would drive the growth of the Global Genetic Engineering Tools market in the forecast years.

Genetic Engineering in Agriculture

Demands for advancement in the agriculture sector with the help of genetic engineering are further substantiating the growth of the global genetic engineering tool market in the coming years. According to the biotech lobbying group ISAAA, GM crops covered 191.7 million hectares in 2018, an increase of 1% from 2017. With 75 million hectares (39% of the world's area), the United States is the world's largest producer of GM crops. Increased crop yields, reduced costs for food or drug production, reduced need for pesticides, enhanced nutrient composition, and food quality, resistance to pests and disease, greater food security, and medical benefits to the world's growing population are some of the major advantages that involve the use of genetic engineering tools. The involvement of genetic engineering tools in agriculture to produce better crops will also drive the growth of the Global Genetic Engineering Tool market in the coming years.

Market Segmentation

Global genetic engineering tool market is segmented based on type, therapeutic area, end-user, and region. Based on type, the market is further fragmented into genome-scale editing tools and genome-scale engineering tools. Based on therapeutic areas, the market is bifurcated into sickle cell disease, heart disease, diabetes, Alzheimer's disease, obesity, and others. Based on end-user, the market is again sub-segmented into biotechnology & pharmaceutical companies, academic & research institutions, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and the Middle East & African region.

Company Profiles

Thermo Fisher Scientific Inc, CRISPR Therapeutics AG, Editas Medicine, Inc., Intellia Therapeutics, Inc, Merck KGaA, Horizon Discovery Ltd, GeneCopoeia Inc, Takara Bio Inc., Sangamo Therapeutics, Inc., Genscript Biotech Corporation, are among the major market players in the global platform that lead the market growth of the global genetic engineering tool market.

Report Scope:

In this report, global genetic engineering tool market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Genetic Engineering Tool Market, By Type:

  • Genome-Scale Editing Tools
  • CRISPR
  • MAGE
  • CRMAGE
  • CREATE
  • Others
  • Genome-Scale Engineering Tools
  • Promoter Engineering
  • Ribosomal Binding Site (RBS) Engineering
  • Synthetic Small Regulatory RNA
  • Others

Genetic Engineering Tool Market, By Therapeutic Area:

  • Sickle Cell Disease
  • Heart Disease
  • Diabetes
  • Alzheimer’s Disease
  • Obesity
  • Others

Genetic Engineering Tool Market, By End User:

  • Biotechnology & Pharmaceutical Companies
  • Academic & Research Institutions
  • Others

Genetic Engineering Tool Market, By Region:

  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Singapore
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South America
  • Brazil
  • Argentina
  • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global genetic engineering tool market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
4.1. Commonly Used Genetic Engineering Techniques
4.2. Commonly Used Gene Editing Techniques
4.3. Benefits of Using Genetic Engineering Tools
4.4. Preference for Genetic Engineering Tools, By Therapeutic Area
4.5. Barriers to Adoption of Genetic Engineering Tools
4.6. Brand Awareness
5. Global Genetic Engineering Tools Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools)
5.2.1.1. Genome Scale Editing Tools (CRISPR, MAGE, CRMAGE, CREATE, Others)
5.2.1.2. Genome Scale Engineering Tools (Promoter Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small Regulatory RNA, Others)
5.2.2. By Therapeutic Area (Sickle Cell Disease, Heart Disease, Diabetes, Alzheimer’s Disease, Obesity, Others)
5.2.3. By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others)
5.2.4. By Company (2022)
5.2.5. By Region
5.3. Market Map
5.3.1. By Type
5.3.2. By Therapeutic Area
5.3.3. By End User
5.3.4. By Region
6. North America Genetic Engineering Tools Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools)
6.2.1.1. Genome Scale Editing Tools (CRISPR, MAGE, CRMAGE, CREATE, Others)
6.2.1.2. Genome Scale Engineering Tools (Promoter Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small Regulatory RNA, Others)
6.2.2. By Therapeutic Area (Sickle Cell Disease, Heart Disease, Diabetes, Alzheimer’s Disease, Obesity, Others)
6.2.3. By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others)
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Genetic Engineering Tools Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Therapeutic Area
6.3.1.2.3. By End User
6.3.2. Mexico Genetic Engineering Tools Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Therapeutic Area
6.3.2.2.3. By End User
6.3.3. Canada Genetic Engineering Tools Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Therapeutic Area
6.3.3.2.3. By End User
7. Europe Genetic Engineering Tools Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools)
7.2.1.1. Genome Scale Editing Tools (CRISPR, MAGE, CRMAGE, CREATE, Others)
7.2.1.2. Genome Scale Engineering Tools (Promoter Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small Regulatory RNA, Others)
7.2.2. By Therapeutic Area (Sickle Cell Disease, Heart Disease, Diabetes, Alzheimer’s Disease, Obesity, Others)
7.2.3. By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others)
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. France Genetic Engineering Tools Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Therapeutic Area
7.3.1.2.3. By End User
7.3.2. Germany Genetic Engineering Tools Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Therapeutic Area
7.3.2.2.3. By End User
7.3.3. United Kingdom Genetic Engineering Tools Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Therapeutic Area
7.3.3.2.3. By End User
7.3.4. Italy Genetic Engineering Tools Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Therapeutic Area
7.3.4.2.3. By End User
7.3.5. Spain Genetic Engineering Tools Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Therapeutic Area
7.3.5.2.3. By End User
8. Asia-Pacific Genetic Engineering Tools Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools)
8.2.1.1. Genome Scale Editing Tools (CRISPR, MAGE, CRMAGE, CREATE, Others)
8.2.1.2. Genome Scale Engineering Tools (Promoter Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small Regulatory RNA, Others)
8.2.2. By Therapeutic Area (Sickle Cell Disease, Heart Disease, Diabetes, Alzheimer’s Disease, Obesity, Others)
8.2.3. By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others)
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Genetic Engineering Tools Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Therapeutic Area
8.3.1.2.3. By End User
8.3.2. India Genetic Engineering Tools Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Therapeutic Area
8.3.2.2.3. By End User
8.3.3. South Korea Genetic Engineering Tools Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Therapeutic Area
8.3.3.2.3. By End User
8.3.4. Japan Genetic Engineering Tools Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Therapeutic Area
8.3.4.2.3. By End User
8.3.5. Australia Genetic Engineering Tools Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Therapeutic Area
8.3.5.2.3. By End User
8.3.6. Thailand Genetic Engineering Tools Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Type
8.3.6.2.2. By Therapeutic Area
8.3.6.2.3. By End User
8.3.7. Singapore Genetic Engineering Tools Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Type
8.3.7.2.2. By Therapeutic Area
8.3.7.2.3. By End User
9. South America Genetic Engineering Tools Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools)
9.2.1.1. Genome Scale Editing Tools (CRISPR, MAGE, CRMAGE, CREATE, Others)
9.2.1.2. Genome Scale Engineering Tools (Promoter Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small Regulatory RNA, Others)
9.2.2. By Therapeutic Area (Sickle Cell Disease, Heart Disease, Diabetes, Alzheimer’s Disease, Obesity, Others)
9.2.3. By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others)
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Genetic Engineering Tools Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Therapeutic Area
9.3.1.2.3. By End User
9.3.2. Argentina Genetic Engineering Tools Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Therapeutic Area
9.3.2.2.3. By End User
9.3.3. Colombia Genetic Engineering Tools Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Therapeutic Area
9.3.3.2.3. By End User
10. Middle East and Africa Genetic Engineering Tools Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type (Genome Scale Editing Tools v/s Genome Scale Engineering Tools)
10.2.1.1. Genome Scale Editing Tools (CRISPR, MAGE, CRMAGE, CREATE, Others)
10.2.1.2. Genome Scale Engineering Tools (Promoter Engineering, Ribosomal Binding Site (RBS) Engineering, Synthetic Small Regulatory RNA, Others)
10.2.2. By Therapeutic Area (Sickle Cell Disease, Heart Disease, Diabetes, Alzheimer’s Disease, Obesity, Others)
10.2.3. By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others)
10.2.4. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Genetic Engineering Tools Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Therapeutic Area
10.3.1.2.3. By End User
10.3.2. Saudi Arabia Genetic Engineering Tools Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Therapeutic Area
10.3.2.2.3. By End User
10.3.3. UAE Genetic Engineering Tools Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Therapeutic Area
10.3.3.2.3. By End User
10.3.4. Israel Genetic Engineering Tools Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Therapeutic Area
10.3.4.2.3. By End User
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Recent Development
12.2. Mergers & Acquisitions
12.3. Product Launches
13. Global Genetic Engineering Tool Market: SWOT Analysis
14. Porter’s Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Business Overview
15.2. Product Offerings
15.3. Recent Developments
15.4. Financials (As Reported)
15.5. Key Personnel
15.6. SWOT Analysis
15.6.1. Thermo Fisher Scientific Inc
15.6.2. CRISPR Therapeutics AG
15.6.3. Editas Medicine, Inc.
15.6.4. Intellia Therapeutics, Inc
15.6.5. Merck KGaA
15.6.6. Horizon Discovery Ltd
15.6.7. GeneCopoeia Inc
15.6.8. Takara Bio Inc
15.6.9. Sangamo Therapeutics, Inc.
15.6.10. Genscript Biotech Corporation
16. Strategic Recommendations

Companies Mentioned

  • Thermo Fisher Scientific Inc
  • CRISPR Therapeutics AG
  • Editas Medicine, Inc.
  • Intellia Therapeutics, Inc
  • erck KGaA
  • Horizon Discovery Ltd
  • GeneCopoeia Inc
  • Takara Bio Inc
  • Sangamo Therapeutics, Inc.
  • Genscript Biotech Corporation

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About the Genetic Engineering Tool Market

The Genetic Engineering Tool market is a sector within the broader field of genomics that focuses on the development, manufacturing, and distribution of tools and technologies used to manipulate the genetic material of organisms. These tools are fundamental for advancing genomics research as they enable scientists to edit genes, induce mutations, and regulate gene expression. Key technologies within this market include CRISPR-Cas systems, zinc finger nucleases (ZFNs), transcription activator-like effector nucleases (TALENs), and other sequence-specific nucleases, alongside various delivery mechanisms such as viral vectors and lipid nanoparticles. These genetic engineering tools are employed in a multitude of applications including therapeutic development, agricultural biotechnology, and basic research. The conjugation of genetic information with manipulation tools allows for the exploration and potential therapy of genetic diseases, development of genetically modified organisms (GMOs) with desired traits, and the production of synthetic biology products. The market is driven by technological advancements, increasing investment in biotechnology research, and the demand for personalized medicine. Some of the key players in the Genetic Engineering Tool market include Thermo Fisher Scientific, Merck KGaA through its Sigma-Aldrich brand, CRISPR Therapeutics, New England Biolabs, Addgene, Integrated DNA Technologies, and Sangamo Therapeutics. These companies provide a range of products and services that support the different facets of genetic engineering, from gene synthesis and custom RNA/DNA sequencing to gene editing kits and molecular cloning tools. Show Less Read more

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