Genome Editing Market Size is Predicted to Reach $23 Billion by 2030g, growing at a CAGR of 19.2 % during the forecast Period 2023-2030 according to the latest market research report published by IndustryARC. The streaming demand for synthetic genes and personalised medicine and increase in the infectious diseases like Cancer are poised to propel the market growth, finds IndustryARC in its recent report, titled “Genome Editing Market Size, Share & Trends Analysis [By Product and Service Type (reagents and consumables, software and systems, services) By Technology (Restriction Enzymes, Zinc-Finger Nucleases (ZFN), transcription activator-like effector nucleases (TALEN), Clustered regularly interspaced short palindromic repeats (CRISPR), Antisense and Others) By Application(Animal Genetic Engineering, Plant Genetic Engineering, Drug Discovery and Development, Diagnostic applications, Cell Line Engineering, Others) By End User(biotech and pharma companies, Government and Academic Research Institutes, contract research organizations) By Delivery Method( Ex- vivo, In- vivo) By Mode( Contract, In- house) By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030].
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North America Contributes with Largest Market Share:
North America Genome Editing Market held the largest share in 2022 contributing with more than 40% of the total market revenue. It is mainly owing to its use in various end varieties of crops to modify the crops to yield better results. Additionally, the region’s predominant position in local infrastructure pertaining to giant bio-pharma companies. The leading genome editing companies in the region are also focussed on continuously conducting experiments in introducing new drugs for various life threating genetic disorders including Hereditary angioedema. In March 2023, INTELLIA Therapeutics, Inc. announced that it has received clearance from the U.S. Food and Drug Administration (FDA) for the company’s investigational new drug application TLA-2002 for the treatment of hereditary angioedema (HAE), . This will help the company to include the United States in the global Phase 2 portion of its ongoing Phase 1/2 study.
Genome Editing Market 2023-2030: Segmentation
| By Product and Service Type | Reagents and Consumables Software and Systems Services |
| By Technology | Restriction Enzymes Zinc-Finger Nucleases (ZFN) Transcription activator-like effector nucleases (TALEN) Clustered regularly interspaced short palindromic repeats (CRISPR) Antisense Others |
| By Delivery Method | Ex- vivo In- vivo |
| By Mode | Contract In-house |
| By Application | Animal Genetic Engineering Plant Genetic Engineering Drug Discovery and Development Diagnostic Applications Cell Line Engineering Other |
| By End-User | Biotech and Pharma Companies Government and Academic Research Institutes Contract Research Organizations (CRO’s) |
| By Geography | North America (U.S., Canada and Mexico and Rest of North America) Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), LAMEA (Saudi Arab, Brazil, Qatar, Argentina, South Africa, Nigeria, UAE and Rest of LAMEA) Rest of the World (Middle East and Africa). |
| By companies profiled | Thermo Fisher Scientific,Inc. Merck KGaA Integrated DNA Technologies, Inc. New England Biolabs, Inc. Sangamo Biosciences, Inc. GenScript (China) Agilent Technologies, Inc. Creative Biogene IntelliaTherapeutics, Inc. Lonza Group Horizon Discovery Ltd. Tecan Genomics, Inc. Synthego Corp. Bean Therapeutics, Inc Bluebird Bio, Inc. |
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Genome Editing Market Report – Key Takeaways:
CRISPR Technology is Leading the Market, TALEN is Fastest Growing
CRISPR and CRISPER-Cas9 is an immune defense system to edit the DNA and has redefined the approach to gene therapy across the globe owing to their simplicity and being a more efficient alternative to specific gene editing. This technology is the largest revenue contributor in the genome editing market and is estimated to grow with a double digit CAGR during the forecast period 2023-2030. On the other hand, TALEN technology is witnessed to be growing at the fastest CAGR of 20.3% during the period under study. The major factors behind the fastest growth of TALEN technique is its specificity, versatility and accessibility. It can be used to edit a wide range of organisms including bacteria and plants and can be used for any type of DNA mutation such as substitutions, insertions and deletions.
Asia Pacific Region Grows Fastest, Development of Gene-editing Policies in Many Countries
Asia Pacific market for genome editing is growing fastest during the forecast period 2023-2030. Many regional countries such as Japan, India, Philippines, Vietnam, Indonesia are setting, revising or are coming up with clear guidelines for the use of genome editing tools. Japan has commercialized the gene-edited products and has implemented clear guidelines whereas, in India, Department of Biotechnology has introduced a new set of guidelines for genome editing in 2022, to ensure the safety of environment and organisms under its Environment Protection Act.
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Key Opportunity Analysis:
Reduction in Breeding Time through Gene-editing offers Large Opportunities in Agriculture Sector
Gene editing leads to reduced breeding time in the produce any new variety of plants and also reduce the expenses for research and development. This technique offers an opportunity to address a range of difficulties associated with developing durable resistances to ailments, pests and abiotic stresses It also has the potential to reduce costs of crop protection and decrease labour demand. Regulators of different counties have been involved in considering the process to manage gene-edited products in agrifood systems over a decade. For example, in 2022, Health Canada published a scientific opinion on the regulation of gene-edited plant products which stated that novel food products from any breeding technique that might represent a food safety hazard would require a food safety assessment, to be done according to domestic guidance.
Gene-editing Increasingly Gaining Momentum in Europe, Seeking Relaxation of Rules
Countries such as UK announced to relax rules and regulations for research on genetically engineered crops. Agriculture ministers in EU also agreed to relax rules on GMOs and the use of new precision techniques which can make the modification of a plant’s DNA at a faster pace and can result in strengthening the food sector in EU. According to the European Commission, the EU has spent €685.5 million on bioeconomy-oriented research related to NGTs, including €271 million for plant biotechnology research in the past decade. Companies can tap the market potential in Europe region and come up
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The Report also Covers the Following Areas:
Genome Editing Market 2023-2030: Key Highlights
COVID-19 / Ukraine Crisis – Impact Analysis: Key Takeaways:
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List of Key Market Players in Genome Editing Market:
The top 10 companies in this Industry are listed below:
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