Cell Line Engineering segment to dominate the Middle East & Africa Genome Editing Market during 2021–2028

 According to a new market research study on “Middle East & Africa Genome Editing Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Application, and End User” is expected to reach US$ 609.86 million by 2028 from US$ 205.01 million in 2021. The market is estimated to grow at a CAGR of 16.9% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa genome editing market along with the drivers and restraints pertaining to the market growth. Strengthening biotechnology industry in emerging regions, expanding technological innovations, and prospering technological advancements in gene-editing tools are the major factor driving the growth of the Middle East & Africa genome editing market. However, extensive cost of genomic equipment hinders the growth of Middle East & Africa genome editing market.

Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflicts and cannot implement robust public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region. The spread of COVID19 in the region caused heavy burdens on healthcare professionals. The government and the regulatory agencies are offering favorable support to the researchers and the market players to develop and explore genome based technologies treatment and immunization of the population in the region. These factors are projected to have progressive impact on the market in the Middle East & Africa region.

The Middle East & Africa genome editing market is segmented on the basis of technology, application, end user and country. Based on technology, the market is segmented into CRISPR, TALEN, antisense, and other. In 2021, CRISPR segment held the largest share in the market, it is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into cell line engineering, genetic engineering, diagnostic applications, drug discovery, and others. In 2021, genetic engineering segment held the largest share in the market, and cell line engineering is expected to be the fastest growing segment during the forecast period. Based on end user, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, and clinical research organizations (CRO's). In 2021, pharmaceutical and biotechnology companies segment held the largest share in the market, and it is also expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into South Africa, Saudi Arabia, the UAE, and and Rest of MEA. In 2021, South Africa held the largest share in the market, and it is also expected to be the fastest growing country during the forecast period.

THERMO FISHER SCIENTIFIC INC.; MERCK KGaA; Lonza; Horizon Discovery Group plc.; GenScript; New England Biolabs; Eurofins Scientific; CRISPR Therapeutics; and Editas Medicine are among the leading companies in the Middle East & Africa genome editing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Integrated DNA Technologies (IDT), a leading comprehensive genomics solutions provider, has launched its rhAmpSeq CRISPR Analysis System, which offers an end-to-end solution for characterizing and quantifying the full array of on- and off-target genome editing events in CRISPR research projects.

Middle East & Africa Genome Editing Market, By Country, 2021 and 2028 (%)

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