The Genome editing market was valued at USD 3.7 Billion in 2020, and it is expected to reach a value of USD 19.4 Billion by 2027, at a CAGR of 22.90% over the forecast period (2020 - 2027).
Genome editing is a technique for making changes to the DNA of a cell or an organism. The process entails cutting DNA sequences to add or remove DNA from the genome. Changes to the genome are made to provide the cell the traits it needs. Various governments worldwide are expanding their assets and awards to foster genome-altering research. Attributable to genome altering's benefits, governments are also supporting public and private examination and scholastic foundations for expanding the exploration exercises for genome altering and hereditary designing. Hence, leading to positive market growth in the given forecast period.
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Global Genome Editing Market Segmentation
The Global Genome editing market is segmented based on Technology, Delivery Method, Mode, End-use, Application and Region. Based on Technology it is categorized into: Meganucleases, (CRISPR)/Cas9, TALENs/MegaTALs, ZFN. Based on Delivery Method it is categorized into: Ex-vivo, In-vivo. Based on Mode it is categorized into: Contract, In-house. Based on End-use it is categorized into: Biotechnology and pharmaceutical companies, Academic and government research institutes, Contract research organizations. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Key players in Genome editing market are:
- Merck KGaA
- Cibus, Recombinetics, Inc.
- Sangamo
- Editas Medicine
- Precision Biosciences
- Ccispr Therapeutics
- Intellia Therapeutics, Inc.
- Caribou Biosciences, Inc.
- Cellectis S.A.
- AstraZeneca
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