The Genome Editing/Genome Engineering Market Size is valued at 5900.0 Million in 2022 and is predicted to reach 28469.3 Million by the year 2031 at a 19.20 % CAGR during the forecast period for 2023-2031.
Genome engineering is the technique that involves gene modification by certain process include DNA is insertion, cutting, modification or replacement of genome of a living organism. Due to increasing the research and development spend by companies and organization fueling the highest growth of genome engineering market.
Advancement in genomic technologies helping research organizations to take deep dive in genome engineering hence companies are making significant investment in Research and development. For instance, Thermo Fisher Scientific is developing cutting edge CRISPR technology for providing better efficiency and accuracy in research, and to fulfil the unmet demands in research and therapeutics. Additionally, contribution by the research organization and universities are tremendous creating high impact in the market. For instance, in November 2015, a new CRISPR technology was developed by scientists at the University of Massachusetts Medical School. This technology help in the genome editing at specific target location.
The Global Genome Editing/Genome Engineering market is segmented on the basis of base technology, product, application, end users and region. Based on the base type, the market is divided into CRISPR, TALEN, ZFN, antisense and other technologies. On the basis of product, the market is segmented into reagents & consumables, software & systems and services. Based on the application, the market is divided into animal genetic engineering, plant genetic engineering, diagnostic applications, drug discovery & development and other. Based on the end users, the market is divided into pharmaceutical companies, biotechnology companies, academic & government and research institutes. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that Europe held the largest share of the market, followed by America and Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of forecast period.
| Report Attribute | Specifications |
| Market Size Value In 2022 | USD 5900.0 Million |
| Revenue Forecast In 2031 | USD 28469.3 Million |
| Growth Rate CAGR | CAGR of 19.20 % from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Technology, By Products, By Application, By End Users |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
| Competitive Landscape | Thermo Fisher Scientific Inc., Merck & Co. Inc, Horizon Discovery group plc, Genscript biotech corporation, Sangamo Therapeutics Inc., lonza group ltd, Editas Medicine Inc, Crispr Therapeutics, Eurofins Scientific Inc, Precision Biosciences Inc, Oxford Genetics Ltd., Intellia Therapeutics Inc, Synthego corporation, Vigene Biosciences Inc, Epigenie, Integrated DNA Technologies Inc, New England Biolabs Inc, Origene Technologies Inc, Transposagen Biopharmaceuticals Inc, and Creative Biogene Inc. among others |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Technology
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on Products
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on Application
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on End Users
Global Genome Editing/Genome Engineering Market Revenue (US$ Mn) Based on Region
Europe Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
North America Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
Asia Pacific Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
Latin America Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
Middle East & Africa Genome Editing/Genome Engineering Market Revenue (US$ Mn) by Country
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.