Market Dynamics:
One of the key driver responsible for the high growth of genome engineering market is increasing applications of synthetic biology. Synthetic biology leverages genome engineering tools and techniques to design and construct new biological parts, devices and systems as well as redesign existing natural biological systems. Genome engineering tools play a critical role in advancing capabilities of synthetic biology for a wide range of applications such as developing genetically engineered organisms for production of biofuels, drugs, chemicals and materials. Rising investments in synthetic biology is expected to significantly drive the demand for genome engineering tools over the forecast period. Moreover, increasing efforts towards drug discovery and development of advanced therapeutics such as immuno-oncology drugs, gene therapies and cell therapies will further contribute to the growth of genome engineering market during the forecast period.

Key Takeaways
Global Genome Engineering Market Size is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis: North America currently dominates the global market due to heavy investments in genomic research and regulatory support for applications. However, Asia Pacific is anticipated to grow at the fastest pace during the forecast period on back of initiatives in India and China aimed at genomic applications to address health and agriculture issues.

Key players: Key players operating in the Genome Engineering market include Accenture, Appian Corporation, Genpact, Infosys Limited (Infosys BPM), Open Text Corporation, Kissflow Inc., Nintex Global Ltd., Software AG, International Business Machines Corporation, Tata Consultancy Services Limited., and Pegasystems Inc. These companies are focusing on developing innovative genome editing tools and technologies to enable advanced applications. Partnerships with research institutes are helping expand clinical research applications.

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