Genome Editing Market

Genome Editing Market worth $11.7 billion by 2026

The report "Genome Editing Market Size, Growth by Technology (CRISPR, TALEN, ZFN, Antisense), Product & Service, Application (Cell Line Engineering, Genetic Engineering, Diagnostics), End user (Pharmaceutical, Biotechnology, Academia) - Global Forecast to 2026 is projected to reach USD 11.7 billion by 2026, at a CAGR of 18.2%.

Browse 147 market data Tables and 48 Figures spread through 208 Pages and in-depth TOC on "Genome Editing Market - Global Forecast to 2026"
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The reagents & consumables segment accounted for the largest share of the product & service segment in the genome editing market.

Based on product & service, the genome editing market is segmented into reagents & consumables, software & systems, and services. The reagents & consumables segment accounted for the largest share of 58.8%, mainly due to the repetitive purchase of reagents and consumables as well as the rising demand for and multiple uses of editing and sequencing. The growing applications of genomics in various fields are expected to boost the market for consumables during the forecast period.

The CRISPR segment accounted for the largest share of the technology segment in the genome editing market.

Based on technology, the genome editing market is segmented into CRISPR, TALEN, ZFN, antisense, and other technologies. The CRISPR segment accounted for the largest share of 63.1% of the genome editing/genome engineering market in 2020. The ease of use associated with CRISPR technology gives it a significant advantage over ZFN and TALEN, especially in generating a large set of vectors to target numerous sites or even genome-wide libraries. Another potential advantage of CRISPR is its ability to use multiple guide RNA parallelly to target multiple sites simultaneously in the same cell. This makes it easier to mutate multiple genes at once or engineer precise deletions in a genomic region and is driving the growth of this segment.

The cell line engineering segment accounted for the largest share of the application segment in the genome editing market.

Based on application, the genome editing market is segmented into cell line engineering, genetic engineering, diagnostic applications, drug discovery & development, and other applications. The cell line engineering segment accounted for the largest share of 32.0% of the market. Several factors, such as increasing funding from governments and private organizations, growing focus on stem cell research by various companies, and rising global awareness about stem cell therapies, are driving the growth of the cell line engineering segment.

The Asia Pacific region is the fastest-growing region of the genome editing market.

Based on the region, the genome editing/genome engineering market is segmented into North America, Europe, the Asia Pacific (APAC), Latin America (LATAM), and the Middle East and Africa (MEA) regions. The market in Asia Pacific is to grow at the highest growth during the forecast period, primarily due to increasing investments in research and the rising number of applications of gene synthesis for genetic engineering of cells and tissues of organisms.

Key players in the genome editing/genome engineering market include Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), and GenScript (China).

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Genome Editing Market Size,  Share & Growth Report
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BT 3380
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