The US & EU gene editing market is projected to reach US$ 15,052.92 million by 2030 from US$ 3,955.09 million in 2022; it is expected to grow at a CAGR of 18.2% from 2022 to 2030.
The factors such as rise in the prevalence of cancer and other genetic disorders and continuous technological advancements in gene editing tools are expected to drive the US & EU gene editing market growth. Moreover, growing innovations and rising investments in biotechnology is also expected to foster the US & EU gene editing market growth during the forecast period. However, the high cost of production of gene editing methods may hinder the US & EU gene editing market growth.
Strategic Initiatives by Market Players to Develop New Products to Boost the US & EU Gene Editing Market in Future
Technological developments in healthcare IT allow the use of artificial intelligence (AI) for manufacturing CRISPR Systems. Developers working in the healthcare IT domain are engaged in analyzing the processes to control and monitor all the stages of product development. The focus is to develop technologies from discovering biomarkers to clinical trials and patient monitoring. A few companies have initiated implementing their expertise to use AI for digital manufacturing. In February 2023, Sherlock Biosciences, which develops CRISPR, synthetic biology, and artificial intelligence (AI) technologies, acquired Sense Biodetection, an Oxford, UK-based developer of a rapid molecular testing platform. This acquisition accelerates Sherlock's ability to put the most advanced CRISPR-based diagnostics conveniently in the hands of global consumers.
In January 2020, ERS Genomics and New England Biolab collaborated to develop and commercialize CRISPR gene modification tools and reagents. New England Biolab offers the largest selection of recombinant and native enzymes for genomic research. The company continues expanding its product offerings into new research areas, including genome editing. As a provider of CRISPR/Cas9 reagents and tools, NEB's license from ERS Genomics expands the company's rights to use and sell these technologies.
Thus, such initiatives are expected to foster genome editing and enhance the US & EU gene editing market growth in the coming years.
The US & EU gene editing market is segmented on the basis of technology, product and services, application, and end user. Based on the technology is segmented into CRISPR, TALEN, antisense, Zinc Finger Nucleases (ZFNs), and others. In 2022, the CRISPR segment held the largest share of the US & EU gene editing market. Moreover, the same segment is also expected to grow at the fastest rate during the coming years. Based on the products and services is segmented into reagents and consumables, instruments, and others. In 2022, the reagents and consumables segment held the largest share of the US & EU gene editing market. Moreover, the same segment is also expected to grow at the fastest rate during the coming years. Based on the application is segmented into cell line engineering, genetic engineering, diagnostic application, drug discovery, and others. In 2022, the cell line engineering segment held the largest share of the market. Moreover, the same segment is also expected to grow at the fastest rate during the coming years. Based on the end user is segmented into pharmaceutical & biotechnology companies, academic and research institutes, contract research organization (CROs), others. In 2022, the pharmaceutical & biotechnology companies segment held the largest share of the US & EU gene editing market. However, the academic and research institutes segment is expected to grow at the fastest rate during the coming years.
The World Health Organization (WHO), Centre For Research in Agricultural Genomics (CRAG), Centers for Disease Control and Prevention (CDC), Department For Environment, Food, And Rural Affairs (DEFRA), Food And Agricultural Organization (FAO), US Food and Drug Administration (FDA), Italian Society of Agricultural Genetics (SIGA) are among some of the primary and secondary sources referred to while preparing the report on the US & EU gene editing market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the US and Europe Gene editing market.
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- The key findings and recommendations highlight crucial progressive industry trends in the US and Europe Gene editing market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 US and Europe Gene Editing Market- By Technology
- 1.3.2 US and Europe Gene Editing Market- By Products and Services
- 1.3.3 US and Europe Gene Editing Market- By Application
- 1.3.4 US and Europe Gene Editing Market- By End User
- 1.3.5 Gene Editing Market- By Geography
2. Executive Summary
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. US and Europe Gene Editing Market - Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 US - PEST Analysis
- 4.2.2 Europe - PEST Analysis
- 4.3 Expert Opinions
5. Gene Editing Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rise in Prevalence of Cancer and Other Genetic Disorders
- 5.1.2 Continuous Technological Advancements in Gene Editing Tools
- 5.2 Market Restraints
- 5.2.1 High Cost of Production of Gene Editing Methods
- 5.3 Market Opportunities
- 5.3.1 Growing Biotechnology Industry in US and Europe
- 5.4 Future Trends
- 5.4.1 Strategic Initiatives by Market Players to Develop New Products
- 5.5 Impact Analysis
6. Gene Editing Market - US and Europe Analysis
- 6.1 US and Europe Gene Editing Market Revenue Forecast and Analysis
- 6.2 Market Positioning of Key Players
7. US and Europe Gene Editing Market Analysis - By Technology
- 7.1 Overview
- 7.1.1 US and Europe Gene Editing Market, By Technology 2022 & 2030 (%)
- 7.2 CRISPR
- 7.2.1 Overview
- 7.2.2 US and Europe CRISPR Market Revenue and Forecasts to 2030 (US$ Million)
- 7.3 TALEN
- 7.3.1 Overview
- 7.3.2 US and Europe TALEN Market Revenue and Forecasts to 2030 (US$ Million)
- 7.4 Antisense
- 7.4.1 Overview
- 7.4.2 US and Europe Antisense Market Revenue and Forecasts to 2030 (US$ Million)
- 7.5 Zinc Finger Nucleases (ZFNs)
- 7.5.1 Overview
- 7.5.2 US and Europe Zinc Finger Nucleases (ZFNs)Market Revenue and Forecasts to 2030 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 US and Europe Others Market Revenue and Forecasts to 2030 (US$ Million)
8. US and Europe Gene Editing Market Analysis - By Products and Services
- 8.1 Overview
- 8.1.1 US and Europe Gene Editing Market, By Products and Services 2022 & 2030 (%)
- 8.2 Reagents and Consumables
- 8.2.1 Overview
- 8.2.2 US and Europe Reagents and Consumables Market Revenue and Forecasts to 2030 (US$ Million)
- 8.3 Instruments
- 8.3.1 Overview
- 8.3.2 US and Europe Instruments Market Revenue and Forecasts to 2030 (US$ Million)
- 8.4 Others
- 8.4.1 Overview
- 8.4.2 US and Europe Others Market Revenue and Forecasts to 2030 (US$ Million)
9. US and Europe Gene Editing Market Analysis - By Application
- 9.1 Overview
- 9.1.1 US and Europe Gene Editing Market, By Application 2022 & 2030 (%)
- 9.2 Cell Line Engineering
- 9.2.1 Overview
- 9.2.2 US and Europe Cell Line Engineering Market Revenue and Forecasts to 2030 (US$ Million)
- 9.3 Genetic Engineering
- 9.3.1 Overview
- 9.3.2 US and Europe Genetic Engineering Market Revenue and Forecasts to 2030 (US$ Million)
- 9.4 Diagnostic Application
- 9.4.1 Overview
- 9.4.2 US and Europe Diagnostic Application Market Revenue and Forecasts to 2030 (US$ Million)
- 9.5 Drug Discovery
- 9.5.1 Overview
- 9.5.2 US and Europe Drug Discovery Market Revenue and Forecasts to 2030 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 US and Europe Others Market Revenue and Forecasts to 2030 (US$ Million)
10. US and Europe Gene Editing Market Analysis - By End User
- 10.1 Overview
- 10.1.1 US and Europe Gene Editing Market, By End User 2022 & 2030 (%)
- 10.2 Pharmaceutical & Biotechnology Companies
- 10.2.1 Overview
- 10.2.2 US and Europe Pharmaceutical & Biotechnology Companies Market Revenue and Forecasts to 2030 (US$ Million)
- 10.3 Academic and Research Institutes
- 10.3.1 Overview
- 10.3.2 US and Europe Academic and Research Institutes Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4 Contract Research Organization (CROs)
- 10.4.1 Overview
- 10.4.2 US and Europe Contract Research Organization (CROs) Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5 Others
- 10.5.1 Overview
- 10.5.2 US and Europe Others Market Revenue and Forecasts to 2030 (US$ Million)
11. US and Europe Gene Editing Market Analysis
- 11.1 US Gene Editing Market Revenue Forecast and Analysis
- 11.1.1 Overview
- 11.1.2 US: Gene Editing Market - Revenue and Forecasts to 2030 (USD Million)
- 11.1.3 US: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.1.4 US: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.1.5 US: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.1.6 US: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2 Europe Gene Editing Market Revenue Forecast and Analysis
- 11.2.1 Overview
- 11.2.2 Europe: Gene Editing Market - Revenue and Forecasts to 2030 (USD Million)
- 11.2.3 Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.4 Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.5 Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.6 Europe: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2.7 Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Country (%)
- 11.2.8 Germany: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.8.1 Germany: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.8.2 Germany: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.8.3 Germany: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.8.4 Germany: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.8.5 Germany: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2.9 UK: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.9.1 UK: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.9.2 UK: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.9.3 UK: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.9.4 UK: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.9.5 UK: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2.10 France: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.10.1 France: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.10.2 France: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.10.3 France: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.10.4 France: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.10.5 France: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2.11 Italy: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.11.1 Italy: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.11.2 Italy: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.11.3 Italy: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.11.4 Italy: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.11.5 Italy: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2.12 Spain: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.12.1 Spain: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.12.2 Spain: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.12.3 Spain: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.12.4 Spain: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.12.5 Spain: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
- 11.2.13 Rest of Europe: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.13.1 Rest of Europe: Gene Editing Market - Revenue and Forecast to 2030 (USD Million)
- 11.2.13.2 Rest of Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Technology (USD Million)
- 11.2.13.3 Rest of Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Products and Services (USD Million)
- 11.2.13.4 Rest of Europe: Gene Editing Market- Revenue and Forecasts to 2030, By Application (USD Million)
- 11.2.13.5 Rest of Europe: Gene Editing Market- Revenue and Forecasts to 2030, By End User (USD Million)
12. Industry Landscape
- 12.1 Overview
- 12.2 Growth Strategies in US and Europe Gene Editing Market
- 12.3 Organic Growth Strategies
- 12.4 Inorganic Growth Strategies
13. Company Profiles
- 13.1 Thermo Fisher Scientific Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Merck KGaA
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Lonza Group AG
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Horizon Discovery Group plc.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Integrated DNA Technologies, Inc.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 GenScript Biotech Corporation
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 New England Biolabs
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Eurofins Scientific SE
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 CRISPR Therapeutics
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Editas Medicine Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 13.11 ElevateBio LLC
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
14. Appendix