Genome Editing Market

The report "Gene Editing Market by Product (Kits, Reagents, Libraries, Software), Services (gRNA Synthesis & Vector Construction), Technique (Knock-Out, Knock-In), Technology (CRISPR, ZFN, TALEN), Application (Genome Editing, Drug Discovery) - Global Forecast to 2029"gene editing market is expected to reach USD 7.59 billion by 2029 from USD 4.66 billion in 2024, at a CAGR of 10.2% during the forecast period. Advancements in gene editing technologies, and the expanding range of gene editing applications are driving the growth of the gene editing market.  However, difficulties in scalability and manufacturing, pose significant hurdles to the market.

Browse 636 market data Tables and 65 Figures spread through 497 Pages and in-depth TOC on "Gene Editing Market by Product (Kits, Reagents, Libraries, Software), Services (gRNA Synthesis & Vector Construction), Technique (Knock-Out, Knock-In), Technology (CRISPR, ZFN, TALEN), Application (Genome Editing, Drug Discovery) - Global Forecast to 2029"
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The products segment accounted for the largest share by offerings segment in the gene editing market in 2023.

By offerings, the gene editing market is divided into products and services. In 2023, the products segment accounted for the largest share of the gene editing market. The demand for gene editing products, for research and experiment in cell line development as well as drug development and discovery, makes them an essential component of the gene market. Pharmaceutical and biotechnology companies, as well as academic and research institutions, use gene editing products as reagents and consumables, as well as software and systems such as gene editing kits, gene editing reagents, and gene editing libraries, in various  gene editing workflows. Services accounted for the second largest proportion of the gene editing market  in 2023.

The drug discovery & development segment accounted for the largest share of the service application segment of the gene editing market in 2023.

By services application, the gene editing market is segmented into cell line engineering, genome editing, drug discovery & development and other applications which include clinical diagnostics, and xenotransplantion among others. The drug discovery & development application held the highest share of the gene editing services market by application in 2023. The drug discovery & development segment is further subsegmented into blood disorders, cancer, CNS and others which include Ophthalmology, infections and dystrophies among others. The rising trend of companies exploring and developing gene therapies for these disorders is driving the demand for gene editing services in drug discovery and development. Cell line engineering application held the second highest share of the market.

The North American region accounted for the largest share of the gene editing market in 2023.

The gene editing market is segmented into six major regions, namely, North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is the largest regional market for gene editing in 2023, while Europe is the second-largest market. The large share of North America can be attributed to the surge in development and approval of advanced therapies requiring gene editing products and services. However, The Asia Pacific is estimated to be the fastest-growing segment of the market characterized by a significant focus on R&D activities to broaden the scope of genomics applications, increasing adoption of genomics technologies for diagnostics, and technological developments in genomic data analysis.

Key players in the gene editing market are Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), GenScript (US), Agilent Technologies, Inc. (US), Revvity (US), Lonza (US), Tecan Trading AG (Switzerland), Sangamo therapeutics (US). Precision BioSciences (US), Cellectis S.A. (France), Regeneron Pharmaceuticals Inc. (US), AMSBIO (UK), Creative Biogene (US), Synthego (US), Takara Bio Inc. (Japan), Bio-Techne (US), Caribou Biosciences, Inc. (US) Bioneer corporation (South Korea), and REPROCELL Inc. (Japan).

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