Gene Editing Market Highlights

• Global gene editing market revenue is poised to garner USD 22.2 billion by 2032 with a CAGR of 16.4% from 2023 to 2032
• North America gene editing market value occupied around USD 2.3 billion in 2022
• Asia-Pacific gene editing market growth will record a CAGR of more than 17% from 2023 to 2032
• Among technology, the CRISPR sub-segment generated over USD$ 2.01 billion revenue in 2022
• Based on end-user, the pharmaceutical & biotechnology companies sub-segment generated around 52% share in 2022
• Increasing government funding and growth in the number of genomics projects is a popular gene editing market trend that fuels the industry demand

Gene editing is a form of genetic engineering that involves the precise alteration of DNA within a cell. This process allows for the insertion, deletion, replacement, or modification of specific genetic sequences. One of the key enzymes used in this technique is responsible for cutting the DNA at targeted locations, facilitating the desired genetic changes.

The applications of gene editing are diverse and impactful. It has the potential to revolutionize disease treatment by correcting faulty genes responsible for certain conditions. Additionally, gene editing plays a crucial role in advancing scientific research and understanding genetic functions better. In the realm of agriculture, this technology holds promise for enhancing crop yields and improving plant characteristics by modifying their genetic makeup.

Among the various techniques employed for gene editing, CRISPR-Cas9 stands out as the most widely used, cost-effective, and efficient system. However, other significant methods like zinc-finger nucleases (ZFNs) and TALENs (Transcription activator-like effector nucleases) are also employed for this purpose.

Global Gene Editing Market Dynamics

Market Drivers

• Increasing applications of genomics
• Rising popularity for synthetic genes in Asia-Pacific and North America
• Growing R&D expenditure and growth of biotechnology in Europe

Market Restraints

• Lack of public awareness in underdevelopment economies 
• High equipment cost

Market Opportunities

• Expansion of pipeline for gene therapy
• Presence of key players in emerging economies and applications in several drug discovery processes

Gene Editing Market Report Coverage

Gene Editing Market Insights

The biotechnological field is expected to experience significant growth during the forecast period, driven by technological advancements. This is one of the leading factors that is fueling the genome editing market value. Progress in gene editing technology has led to the development of more effective approaches for treating genetic diseases compared to traditional therapies. Notably, the CRISPR-Cas9 systems have gained widespread adoption due to their superior accuracy, efficiency, and cost-effectiveness, surpassing existing methods.

The gene editing market is poised to expand further, fueled by increasing demand for synthetic genes in North America and Asia Pacific regions, along with growing funding for genetic research in both developed and developing countries. Genetic research, which involves the detailed study of genes at the molecular level, provides valuable insights that contribute to the gene editing process, thereby promoting industry growth.

Gene Editing Market Segmentation

The worldwide market for gene editing market is split based on technology, product & services, application, end-user, and geography.

Gene Editing Market Technology

• CRISPR
• TALEN
• ZFN
• Other Technologies

The market is categorized into different technology segments, including clustered regularly interspaced short palindromic repeats (CRISPR), Transcription activator-like effector nucleases (TALEN), zinc finger nucleases (ZFN), and other technologies. Among these, CRISPR holds the largest market share due to several advantages it offers.

CRISPR technology's popularity stems from its ability to provide tailor-made solutions specific to a patient's mutations for diseases such as cystic fibrosis. Moreover, government initiatives aimed at fostering the development of drugs, devices, and vaccines, along with investments by market players, have contributed to CRISPR's dominance. For example, in October 2017, Thermo Fisher Scientific and Synthego joined forces to produce and distribute synthetic guide RNA products for CRISPR genome engineering. Additionally, CRISPR stands out for its user-friendly nature, compatibility with high-throughput applications, and affordability, further boosting its adoption and market share.

Gene Editing Market Product & Services

• Reagents & Consumables
• Software & Systems
• Services

In the gene editing market, the product & services segment is divided into three categories: reagents & consumables, software & systems, and services. Among these, the reagents & consumables category has been the top revenue generator in previous years.

Reagents and consumables encompass a wide range of products, including purification, library preparation, and target enrichment kits, as well as plates, foil seals, slide holders, tube strips, and chips. These essential items play a critical role in various gene editing processes.

The increasing application of genomics across various fields has been a significant driving force behind the growth of the consumables market. As genomics becomes increasingly integrated into diverse areas of research and applications, the demand for consumable products used in gene editing processes has also surged. This trend has contributed to the dominance of the reagents & consumables category within the genome editing market.

Gene Editing Market Applications

• Cell Line Editing
• Animal Genome Editing
• Plant Genome Editing
• Others

In the gene editing market, the application segment that has taken the lead in recent years is animal genetic editing. The global gene editing market is categorized into various applications, including cell line editing, animal genome editing, plant genome editing, and others. Among these, animal genome editing has emerged as the dominant segment.

The dominance of the animal genetic editing segment can be attributed to the widespread utilization of gene-editing technology to modify the genome sequence of domestic animals. This practice aims to enhance desirable traits, optimize productivity, and improve various characteristics in livestock. By using gene editing techniques, researchers and breeders can achieve better outputs from domestic animals, making this segment a key driver of growth in the gene editing market.

Gene Editing Market End-Users

• Pharmaceutical & Biotechnology Companies
• Academics And Government Research Institutes
• Clinical Research Organizations (CRO)

The gene editing market is segmented based on end-users into pharmaceutical & biotechnology companies, academics and government research institutes, and clinical research organizations (CRO). Among these, pharmaceutical and biotechnology companies held the largest market share in 2022, and they are projected to continue their dominance throughout the forecast period.

The leading position of pharmaceutical and biotech companies in the gene editing market is attributed to several factors. One significant factor is the rising prevalence of rare diseases and the growing number of patients affected by these conditions. Gene editing technology offers potential solutions for developing targeted therapies and personalized treatments for rare diseases, driving increased investment from these companies.

Pharmaceutical and biotechnology companies are actively investing in research and development efforts to develop new drugs and therapies using gene editing technology. The prospect of innovative treatments for rare diseases has spurred substantial investments in this field, further solidifying the dominance of this segment in the gene editing market.

Gene Editing Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Gene Editing Market Regional Analysis

The global gene editing market is divided into several major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Presently, North America occupies the largest share of the global gene editing market and is projected to maintain its leading position throughout the forecast period.

The dominance of North America in the gene editing market can be attributed to several factors. Firstly, the region benefits from the presence of major market players that are actively engaged in gene editing research and development. This leads to early adoption of the latest gene editing technologies and advancements, giving North America a competitive edge.

Additionally, North America enjoys higher awareness among both researchers and the general population regarding the benefits associated with gene editing, fostering a favorable environment for its growth.

The region's position is further reinforced by significant government funding and substantial investments by market players to support research and development activities related to genetic modification.

In contrast, the Asia-Pacific region is expected to witness steady growth due to comparatively slower adoption of gene editing technologies and an unorganized regulatory environment across and within countries. However, the presence of government funding, an increasing number of laboratories, and investment from market players are expected to drive market growth in the region.

China, in particular, dominates the gene editing market in the Asia-Pacific region. The country exhibits high penetration of gene editing technologies and leads in research activities. Notably, China has seen a rapid increase in patent applications for CRISPR in recent years, underscoring its prominence in industrial and agricultural gene editing applications.

Gene Editing Market Players

Some of the top gene editing market companies offered in our report includes Addgene, Allele Biotech, Bio-Rad, Caribou Biosciences, Inc., CRISPR Therapeutics, Dharmacon Inc., GE Healthcare, GeneCopoeia, Inc., GenScript Corporation, Horizon Discovery Group plc, Integrated DNA Technologies, OriGene Technologies, Merck Millipore Limited, Precision Biosciences, Sangamo Biosciences, Inc., Takara Bio, Agilent Technologies, Inc., and Thermo Fisher Scientific.