Genome Editing / Genome Engineering

Genome Editing / Genome Engineering

Global Genome Editing / Genome Engineering Market to Reach $19.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Genome Editing / Genome Engineering estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$19.3 Billion by 2027, growing at a CAGR of 19.9% over the analysis period 2020-2027. CRISPR, one of the segments analyzed in the report, is projected to record a 22.6% CAGR and reach US$9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the ZFN segment is readjusted to a revised 15.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 19.3% CAGR

The Genome Editing / Genome Engineering market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 19.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 16.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.TALEN Segment to Record 20.6% CAGR

In the global TALEN segment, USA, Canada, Japan, China and Europe will drive the 20.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$916.7 Million in the year 2020 will reach a projected size of US$3.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 27 Featured) -

• CRISPR Therapeutics AG
• Editas Medicine, Inc.
• GenScript Biotech Corporation
• Horizon Discovery Group PLC
• Integrated DNA Technologies (IDT), Inc.
• Lonza Group AG
• Merck & Co., Inc.
• New England Biolabs, Inc.
• OriGene Technologies, Inc.
• Sangamo Therapeutics
• Thermo Fisher Scientific, Inc.
• Transposagen Biopharmaceuticals, Inc.

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