Market key trends:

One of the major trends driving the growth of genome engineering market is increased focus on precision medicine. Precision medicine refers to the ability to classify individuals into subpopulations that differ in their susceptibility to a particular disease, in the biology and/or prognosis of those diseases they may develop, or in their response to a specific treatment. Precision medicine is transforming disease prevention and treatment with more targeted therapies guided by a person's genes, lifestyle and environment. Genome engineering tools such as CRISPR are enabling researchers to understand the molecular mechanisms of diseases and developing personalized treatment strategies. Several pharmaceutical companies are investing in precision medicine and genome engineering to develop more effective targeted therapies. This is expected to drive significant growth of genome engineering market during the forecast period.

Key Takeaways

The Global Genome Engineering Market Size is expected to witness high growth, exhibiting CAGR of 14.3% over the forecast period, due to increasing R&D investments for development of precision genome editing tools and growing application areas of genome engineering.

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