The size of the global genome engineering market is estimated to be worth USD 10.88 billion by 2029 from USD 5.5 billion in 2024, growing at a CAGR of 14.61% from 2024 to 2029.
Genome engineering is a compilation of technologies that enable the alteration of DNA. These methodologies are developed to help researchers add, remove, replicate, and alter DNA in multiple applications for various purposes. For instance, the genome editing process can be used in somatic and germline cells to perform research and development activities. In addition, these procedures aim to provide faster and more accurate diagnostic procedures, initiate personalized treatments, and find cures for genetic disorders. CRISPR-Cas9 is the most recognized and widely used genome engineering tool in the current industry due to its efficiency, speed, affordability, and extensive range of applications.
Genome engineering is used to study gene functions, targets for novel drugs, visualize proteins, etc., which gives it the ability to have applications in medicine, agricultural studies, biomaterials, and even environmental studies. Genome engineering is continuously applied in drug discovery, therapeutics for diseases like sickle-cell anemia, better diagnostic procedures through biosciences, create models for diseases to study their physiology adequately, and in recent times there have been genome-engineered cattle and plants supporting the growth of the market due to vivid applications.
In addition, scientists from the Francis Crick Institute have discovered rules to determine the precision of CRISPR/Cas9 genome editing in human cells. These rules are expected to help improve the safety and efficiency of genome engineering in both clinics and labs. The growth of the global genome engineering market is further driven by the ease of using CRISPR technology for genome study and modifications, especially for cell line engineering applications. Also, the need for action against common cancers and infectious diseases is another primary driver of global market growth.
However, there is a lack of R&D centers across the globe as they are required to pull the growth of the global market in the mentioned forecast period. Also, the global concentration of the genome engineering market in regions such as North America and Europe reduces the chances of global market expansion into areas such as Africa and the Middle East.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
Segments Covered |
By Technology, Application, End-User, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Key Market Players |
Transposagen Biopharmaceuticals (US), Thermo Fisher Scientific (US), Editas Medicine, Inc. (the US), Merck (Germany), Lonza Group (Switzerland), OriGene Technologies (US), Horizon Discovery Group (UK), Intellia Therapeutics, Inc. (US), GenScript (US), Sangamo BioSciences (US), Cellectis S.A. (France), Integrated DNA Technologies (US), Bluebird Bio, Inc. (the US), New England Biolabs (US), Editas Medicine (US), Sigma-Aldrich Corporation (US), and CRISPR Therapeutics (Switzerland) |
Among the mentioned technologies, the CRISPR segment is anticipated to account for the largest share of the global market for genome editing during the forecast period. The exceptional growth is attributed to the convenient usage of this technology and its multiple capabilities. CRISPR cas9 has a wide range of applications in biologics. It has also been used in the research and development of various kinds, like eliminating viral infections and biotechnological and agricultural applications.
Of the mentioned applications, the cell line engineering segment is projected to have the largest share in the forecast period and the fastest growth rate among others. The growth is because industries focus on stem cell research, which has shown decent results recently.
However, the plant and animal genetic engineering segments are also expected to grow over the forecast period due to the growing applications of gene editing in agriculture for better crop production with better resistance from infestation and healthier produce and drug discovery in the veterinary sector.
The pharmaceutical and biotechnology companies segment is expected to have the highest growth rate in the forecast, as mentioned earlier, due to the increase in the prevalent infectious diseases and cancer, which drive the research to prevent and cure these diseases worldwide.
The academics and research institutes are also expected to have sizable growth during the forecast period due to growing investments in R&D activities relating to biotechnological companies and biologics in the genome engineering field.
The North American region leads the global market by value and volume as of 2023. The domination of the North American region is anticipated to continue throughout the forecast period. The presence of key market participants in the North American region is one of the major factors supporting the market growth in this region. In addition, countries such as the United States and Canada play a vital role in the success of the North American region.
Europe is expected to account for the second-largest global market share during the forecast period. The presence of a considerable customer base in and around this region is helping in the growth of the genome engineering market in Europe, significantly supporting the market growth in this region. Also, the technological supremacy of Europe and North America over the rest of the world is the necessary condition that facilitates them to develop in this emerging field, creating an eye-catching performance in the global market.
The Asia-Pacific region is predicted to be the fastest-growing regional market in the global market during the forecast period. The presence of emerging economies and the advantages associated with the Asia-Pacific region, such as ease of setup, cheap resources, and the availability of a skillful workforce, are a few factors accelerating the market growth in the Asia-Pacific region. However, the lack of healthcare-related advancements and research initiatives in the Asia-Pacific region is anticipated to limit the market growth in this region.
On the other hand, the Middle East & Africa, and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer opportunities for market growth. Hence, the Genome Engineering Market grows slowly in these regions.
By the end of 2023, Transposagen Biopharmaceuticals (US), Thermo Fisher Scientific (US), Editas Medicine, Inc. (the US), Merck (Germany), Lonza Group (Switzerland), OriGene Technologies (US), Horizon Discovery Group (UK), Intellia Therapeutics, Inc. (US), GenScript (US), Sangamo BioSciences (US), Cellectis S.A. (France), Integrated DNA Technologies (US), Bluebird Bio, Inc. (the US), New England Biolabs (US), Editas Medicine (US), Sigma-Aldrich Corporation (US), and CRISPR Therapeutics (Switzerland) are the leading shareholders of the global market for Genome Engineering. There is constant competition between these companies regarding the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.
By Technology
By Application
By End User
By Region
Frequently Asked Questions
The global genome engineering market size was valued at USD 3.66 billion in 2021.
The global genome engineering market size is expected to be worth USD 8.29 billion by 2027.
During the forecast period, the Asia-Pacific region is estimated to showcase the fastest CAGR in the global genome engineering market.
Transposagen Biopharmaceuticals (US), Thermo Fisher Scientific (US), Editas Medicine, Inc. (the US), Merck (Germany), Lonza Group (Switzerland), OriGene Technologies (US), Horizon Discovery Group (UK), Intellia Therapeutics, Inc. (US), GenScript (US), Sangamo BioSciences (US), Cellectis S.A. (France), Integrated DNA Technologies (US), Bluebird Bio, Inc. (the US), New England Biolabs (US), Editas Medicine (US), Sigma-Aldrich Corporation (US), and CRISPR Therapeutics (Switzerland) are a few of the leading companies in the genome engineering market.
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