The global genome editing market size is expected to reach USD 30.23 billion in 2030 and register a CAGR of 18.2% over the forecast period, according to the latest report by Reports and Data. Key factors such as rising application of Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) genome in different fields of biotechnology and increasing investments by governments and private investors in biotechnology & biomedical research are driving market revenue growth. Genome editing, commonly known as gene editing or genome engineering is a process that allows researchers to change or modify gene sequences of living organisms.
Genome editing is widely used by pharmaceutical companies, biotechnology companies, and academic & government research institutes. Pharmaceutical companies segment accounted for majority revenue share in the global market in 2020. Increasing use of gene editing technology in pharmaceutical research & development activities is a major factor driving revenue growth of this segment.
Based on regional analysis, North America is expected to account for largest revenue share over the forecast period. Major revenue growth contributors in this region are the United States and Canada. Factors such as rapid advancement in genome editing technologies, high demand for genetically modified crops, and increasing focus on R&D activities associated with gene therapy are expected to drive revenue growth of the market in this region.
Europe accounted for second-largest revenue share in the global market in 2020. Increasing investment in genome editing technologies is one of the key factors driving revenue growth of the market in this region.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Some Key Highlights From the Report:
- In December 2019, Horizon Discovery Group launched its predesigned synthetic Single Guide RNA (sgRNA). It would enable researchers to obtain reliable gene knockouts in difficult-to-edit, complex cell types, and experimental models.
- Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) segment accounted for largest revenue share in the global market in 2020. CRISPR has various advantages such as ease of use, enhanced efficacy, and cost-effectiveness. Therefore, it is extensively used by researchers in gene alteration processes.
- Asia Pacific accounted for a 23.4% revenue share in the global market in 2020 and is expected to register fastest revenue CAGR compared to other regional markets over the forecast period. This can be attributed to rising prevalence of various infectious diseases.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Genome Editing market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
- GenScript
- Sangamo Therapeutics
- Editas Medicine
- CRISPR Therapeutics
- Precision Biosciences
- Agilent Technologies, Inc.
- Intellia Therapeutics, Inc.
- Bluebird Bio, Inc.
- Regeneron Pharmaceuticals
- Creative Biogene
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Genome Editing Market Segmentation:
Technology Outlook:
- Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)
- Zinc-finger Nucleases (ZFNs)
- Transcription Activator-like Effector Nucleases (TALEN)
- Antisense
- Others
Product & Service Outlook:
- Software & Systems
- Reagents & Consumables
- Services
Application Outlook:
- Cell Line Engineering
- Diagnostic Applications
- Genetic Engineering
- Drug Discovery & Development
- Others
End-Use Outlook:
- Pharmaceutical Companies
- Biotechnology Companies
- Academic & Government Research Institutes
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Some essential purposes of the Genome Editing market research report:
- Vital Developments: Custom investigation provides critical improvements to the Genome Editing market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Genome Editing market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Genome Editing market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Genome Editing market.
- Convincingly, the Genome Editing report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Genome Editing market.
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