A new world is beaconing upon us. Much like computers in 70s. We are in the real early phases of this technology and this would most probably make the world completely different from what it is now.
Mind you, this is just the beginning. First we would have all kinds of diseases being cured using this,
1. It would change the whole medical diagnostics industry to correctly diagnose the pathogen,
2. Then destroy the pathogen using DNA cutting
3. It would cure cancers of many kind by enabling the T-cells to fight the cancer cells effectively
Then we would start with reprogramming cells to do what we want. For instance, we can cure baldness, completely regenerate cardiac cells after heart attack.
However, it would not stop at this. We would have bio-machines which can capture carbon dioxide, generate medicines, make clothes/cotton and food. We would have bio solar cells. We would bio light bulbs which ingest light during the day and glow at night. We would have artificial meat produced using this technology. We would have carbohydrates produced using this. Plastic and sewage eating bacteria would be a reality soon.
Next 30-40 years is going to be biotechnology as last 30-40 were computing.