Genome Editing Market Is Expected To Register A CAGR Of 8.76% During 2024-2032

The global genome editing market size was worth around USD 6.21 Billion in 2023 and is predicted to grow to around USD 13.23 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.76% between 2024 and 2032.

Genome editing refers to a suite of technologies enabling precise modifications to an organism's DNA. This involves inserting, deleting, or altering specific DNA sequences, leading to improved traits or the correction of genetic disorders. Applications of genome editing span various fields, including healthcare where it is utilized for developing therapies for genetic diseases and cancer, agriculture where it enhances crop resilience and yield, and industrial biotechnology which focuses on optimizing production processes.

Browse the full “Genome Editing Market - By Technology (CRISPR, TALEN, ZFN, Antisense, And Others), By Application (Cell Line Engineering, Genetic Engineering, And Others), And By End-User (Pharmaceutical & Biotechnological Companies, Academic And Research Institutes, And Contract Research Organizations), By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 - 2032” Report at https://www.zionmarketresearch.com/report/genome-editing-genome-engineering-market

The increasing investments in genetic research and the demand for personalized medicine are the key drivers for the genome editing market growth.

Market Growth Factors

Key factors driving the genome editing market include:

• High Cancer Prevalence: The rising global cancer rates create a strong need for better treatments.
• Technological Advancements: New gene editing technologies improve the accuracy and effectiveness of genetic changes.
• Investment in Research: Increased funding from both public and private sectors supports the development of cutting-edge genome editing tools.

Restraints

Despite its growth potential, the market faces challenges such as:

• Ethical & Technical Challenges: Ethical issues like gene editing in embryos and technical problems, lead to stricter rules, thus slowing the progress of the genome editing industry.
• Cost & IP Barriers: High costs and patent issues make it harder for companies to develop and widely use genome editing, slowing down growth.

Genome Editing Market: Report Scope

Market Segmentation

The genome editing market is segmented based on technology, end-user, application, and region.

On the basis of technology, the industry is segmented into CRISPR-Cas9, TALENs, and ZFNs. CRISPR-Cas9 is the leading technology as it is relatively simple, cost-effective, highly efficient, and versatile, enabling precise genome modifications across various organisms.

Based on end-user, the genome editing industry is classified into pharmaceutical & biotechnology companies, academic & research Institutes, contract research organizations (CROs), and others. The pharmaceutical & biotechnology companies are expected to dominate the market during the forecast period as they play a major role in using genome editing technologies for drug discovery, development, and personalized medicine.

On the basis of application, the genome editing market is categorized into therapeutic, agricultural, industrial, and research applications. Therapeutic applications are expected to hold the largest market share, as genome editing mainly focuses on gene therapy and developing new treatments, making it a key area for investment and growth.

North America leads the genome editing industry due to its strong presence of major pharmaceutical and biotechnology companies. The region benefits from substantial research funding, both public and private, which supports the development of innovative genome editing technologies.

Additionally, North America has a well-established healthcare infrastructure, providing the necessary support for clinical trials. Regulatory agencies like the FDA ensure safety standards, boosting market growth. The region’s high level of investment in biotech startups and collaborations also accelerates advancements in genome editing.

Key Market Players

Prominent companies operating in the genome editing market include:

• Thermo Fisher Scientific
• OriGene Technologies
• CRISPR Therapeutics.
• GenScript
• Transposagen Biopharmaceuticals
• Editas Medicine
• Integrated DNA Technologies
• Sangamo BioSciences
• Horizon Discovery
• Lonza Group
• Merck
• New England Biolabs

Recent Developments

• In February 2024, Ginkgo Bioworks acquired Proof Diagnostics, expanding Ginkgo's portfolio into medical genetics repair tools.
• In January 2024, Danaher Corporation partnered with the Innovative Genomics Institute (IGI) to advance CRISPR-based treatments for rare genetic diseases.
• In February 2024, Editas Medicine partnered with Bristol Myers Squibb to advance CRISPR gene therapies for inherited retinal diseases.

This report segments the global genome editing market into:

Global Genome Editing Market: Technology Analysis

• CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats)
• TALEN (Transcriptor-Activator-Like Effector Nuclease)
• ZFN (Zinc Finger Nucleases)
• Antisense
• Others

Global Genome Editing Market: Application Analysis

• Cell Line Engineering
• Genetic Engineering
• Others

Global Genome Editing Market: End-User Analysis

• Pharmaceutical and Biotechnological Companies
• Academic and Research Institutes
• Contract Research Organizations

Global Genome Editing Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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