Middle East and Africa Genome Editing Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Technology (CRISPR, TALEN, Antisense, and Other), Application (Cell Line Engineering, Genetic Engineering, Diagnostic Applications, Drug Discovery, and Others), and End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, and Clinical Research Organizations)


No. of Pages: 127    |    Report Code: TIPRE00027824    |    Category: Life Sciences

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Middle East and Africa Genome Editing Market

The genome editing market in Middle East & Africa is expected to grow from US$ 205.01 million in 2021 to US$ 609.86 million by 2028; it is estimated to grow at a CAGR of 16.9% from 2021 to 2028.

Growing developments in the healthcare industry have led to increasing applications of biotechnology. Also, the growing support from governments, rising public-private partnerships, and increasing funding are widely enhancing the growth of the biotechnologies industry in the region. The value of the biotechnology industry is growing rapidly in the region due to the growing demand for biotechnology products to address changing diseases profile. In addition, the countries in the emerging regions serve vital growth opportunities due to the ever-increasing population and geriatric population. The heavy investments for the development of the healthcare sector have encouraged the adoption of advanced technologies. Moreover, the governments in the region offer tax incentives, cheaper land, incubators, and direct investment that have encouraged the local biotechnology companies to expand their abilities and capacities to contribute to improved healthcare services. Countries such as the UAE, Saudi Arabia, Oman, and Muscat are the most favorable destinations for the biotechnology industry. This is expected to increase the demand for genome editing and accelerate the market's growth in the coming years.

 

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.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa genome editing market. The Middle East & Africa genome editing market is expected to grow at a good CAGR during the forecast period.

 

Middle East & Africa Genome Editing Market Revenue and Forecast to 2028 (US$ Million)

  

 Middle East & Africa Genome Editing Market Revenue and Forecast to 2028 (US$ Million)  

Middle East & Africa Genome Editing Market Segmentation

 

Middle East & Africa Genome Editing Market – By

Technology

  • CRISPR
  • TALEN
  • Antisense
  • Other

Middle East & Africa Genome Editing Market – By

Application

  • Cell Line Engineering
  • Genetic Engineering
  • Diagnostic Applications
  • Drug Discovery
  • Others

Middle East & Africa Genome Editing Market – By

End User

  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institutes
  • Clinical Research Organizations (CRO's)

Middle East & Africa Genome Editing Market – By

Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Middle East & Africa Genome Editing Market – Companies Mentioned

  • THERMO FISHER SCIENTIFIC INC.
  • MERCK KGaA
  • Lonza
  • Horizon Discovery Group plc.            
  • GenScript
  • New England Biolabs
  • Eurofins Scientific
  • CRISPR Therapeutics

Middle East and Africa Genome Editing Strategic Insights

Strategic insights for the Middle East and Africa Genome Editing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Middle East and Africa Genome Editing Report Scope

Report Attribute Details
Market size in 2021 US$ 205.01 Million
Market Size by 2028 US$ 609.86 Million
Global CAGR (2021 - 2028) 16.9%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Technology
  • CRISPR
  • TALEN
  • Antisense
By Application
  • Cell Line Engineering
  • Genetic Engineering
  • Diagnostic Applications
  • Drug Discovery
By End User
  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institutes
  • Clinical Research Organizations
Regions and Countries Covered Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • THERMO FISHER SCIENTIFIC INC.
  • MERCK KGaA
  • Lonza
  • Horizon Discovery Group plc.
  • GenScript
  • New England Biolabs
  • Eurofins Scientific
  • CRISPR Therapeutics
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    Middle East and Africa Genome Editing Regional Insights

    The geographic scope of the Middle East and Africa Genome Editing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - Middle East and Africa Genome Editing Market

    1. THERMO FISHER SCIENTIFIC INC.
    2. MERCK KGaA
    3. Lonza
    4. Horizon Discovery Group plc.            
    5. GenScript
    6. New England Biolabs
    7. Eurofins Scientific
    8. CRISPR Therapeutics
    Frequently Asked Questions
    How big is the Middle East and Africa Genome Editing Market?

    The Middle East and Africa Genome Editing Market is valued at US$ 205.01 Million in 2021, it is projected to reach US$ 609.86 Million by 2028.

    What is the CAGR for Middle East and Africa Genome Editing Market by (2021 - 2028)?

    As per our report Middle East and Africa Genome Editing Market, the market size is valued at US$ 205.01 Million in 2021, projecting it to reach US$ 609.86 Million by 2028. This translates to a CAGR of approximately 16.9% during the forecast period.

    What segments are covered in this report?

    The Middle East and Africa Genome Editing Market report typically cover these key segments-

    • Technology (CRISPR, TALEN, Antisense)
    • Application (Cell Line Engineering, Genetic Engineering, Diagnostic Applications, Drug Discovery)
    • End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Clinical Research Organizations)

    What is the historic period, base year, and forecast period taken for Middle East and Africa Genome Editing Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Genome Editing Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Middle East and Africa Genome Editing Market?

    The Middle East and Africa Genome Editing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • THERMO FISHER SCIENTIFIC INC.
  • MERCK KGaA
  • Lonza
  • Horizon Discovery Group plc.
  • GenScript
  • New England Biolabs
  • Eurofins Scientific
  • CRISPR Therapeutics
  • Who should buy this report?

    The Middle East and Africa Genome Editing Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Middle East and Africa Genome Editing Market value chain can benefit from the information contained in a comprehensive market report.