Gene Editing Tool Market Overview
As per MRFR analysis, the Gene Editing Tool Market Size was estimated at 24.65 (USD Billion) in 2022. The Global Gene Editing Tool Market Industry is expected to grow from 30.06(USD Billion) in 2023 to 179.0 (USD Billion) by 2032. The Gene Editing Tool Market CAGR (growth rate) is expected to be around 21.93% during the forecast period (2024 - 2032).
Key Gene Editing Tool Market Trends Highlighted
Key market drivers include the increasing incidence of genetic disorders, technological advancements in gene editing, and rising research and development activities. Opportunities lie in the application of gene editing in personalized medicine, the development of new diagnostic tools, and the treatment of complex diseases. Recent trends encompass the integration of artificial intelligence and machine learning, the emergence of high-throughput gene editing methods, and the development of non-viral delivery systems. As the technology continues to advance, its potential to revolutionize various industries, including healthcare, biotechnology, and agriculture, is immense.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gene Editing Tool Market Drivers
Advancements in Gene Editing Techniques
Gene editing techniques, especially those considered rapid, have transformed the genetic engineering landscape. Technologies like CRISPR-Cas9 have enabled the mutation of genes with precision and efficiency that was practically impossible before. These developments have opened possibilities for treating genetic diseases, developing new medicines, and improving crop varieties. The continuous advancement of tools of that kind means that the Global Gene Editing Tool Market Industry will experience great growth.
Growing Prevalence of Genetic Diseases
Another reason for the growth of the Global Gene Editing Tool Market abroad is an increasing spread of genetic diseases around the world. There are a lot of genetic diseases that affect people all around the world, such as sickle cell anemia, cystic fibrosis, and Huntington’s disease, among others. Gene editing gives new hope for more effective treatment of these diseases as it offers opportunities for targeting genes that cause these diseases for correction or modification.
Government Initiatives and Funding
Across the globe, governments have recognized the possibilities that gene editing can offer in terms of development and other spheres like agriculture. As a result, they are investing heavily in research and development, providing funding for clinical trials, and implementing regulatory frameworks to support the responsible use of gene editing tools. This support from governments is expected to boost the growth of the Gene Editing Tool Market Industry in the coming years.
Gene Editing Tool Market Segment Insights
Gene Editing Tool Market Technology Insights
The Gene Editing Tool Market is segmented by Technology into CRISPR-Cas9, TALENs, ZFNs, RGENs, and MegaTALs. CRISPR-Cas9 is the most widely used gene editing technology, accounting for over 70% of the market share in 2023. It is a versatile and efficient tool that can be used to make precise changes to DNA. TALENs and ZFNs are also widely used, but they are less versatile than CRISPR-Cas9. RGENs and MegaTALs are newer technologies that are still in development. The CRISPR-Cas9 segment is expected to continue to dominate the market over the forecast period.
The market for CRISPR-Cas9 is projected to grow from USD 10.5 billion in 2023 to USD 27.2 billion by 2032, at a CAGR of 12.3%. The growth of this segment is attributed to the increasing adoption of CRISPR-Cas9 technology in research and development, as well as its potential applications in therapeutic applications. The TALENs segment is expected to grow from USD 2.5 billion in 2023 to USD 6.3 billion by 2032, at a CAGR of 10.6%. The growth of this segment is attributed to the increasing adoption of TALENs technology in research and development, as well as its potential applications in therapeutic applications.
The ZFNs segment is expected to grow from USD 1.8 billion in 2023 to USD 4.6 billion by 2032, at a CAGR of 11.2%. The growth of this segment is attributed to the increasing adoption of ZFNs technology in research and development, as well as its potential applications in therapeutic applications. The RGENs segment is expected to grow from USD 0.5 billion in 2023 to USD 1.3 billion by 2032, at a CAGR of 12.5%. The growth of this segment is attributed to the increasing adoption of RGENs technology in research and development, as well as its potential applications in therapeutic applications.
The MegaTALs segment is expected to grow from USD 0.3 billion in 2023 to USD 0.8 billion by 2032, at a CAGR of 13.1%. The growth of this segment is attributed to the increasing adoption of MegaTALs technology in research and development, as well as its potential applications in therapeutic applications.
Global Gene Editing Tool Market, by Technology 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gene Editing Tool Market Application Insights
Global Gene Editing Tool Market revenue generated from the application segment is expected to observe consistent growth during the forecast period. The therapeutics segment led the market with a share of over 35% in 2023, owing to rising prevalence of genetic disorders and advancements in gene editing techniques. The diagnostics segment is anticipated to grow at a significant CAGR of 23.5% over the forecast period. This growth is driven by the increasing adoption of gene editing technologies for early disease detection, personalized medicine, and genetic testing.
Research and Development segment is also poised for substantial growth, driven by continuous advancements in gene editing technologies and their applications in basic and translational research.
Gene Editing Tool Market End User Insights
The end-user segment of the Gene Editing Tool Market is categorized into academic institutions, biotechnology companies, and hospitals and clinics. Academic institutions, which include universities and research institutes, are heavily involved in gene editing research and development. They utilize gene editing tools to study gene function, develop novel therapies, and train future scientists in this field. The research conducted by academic institutions contributes significantly to the advancement of gene editing technologies and applications.
Biotechnology companies, on the other hand, are focused on commercializing gene editing tools and developing gene-based therapies. They invest heavily in research and development to create innovative solutions for various diseases and genetic disorders. Hospitals and clinics adopt gene editing tools in clinical settings, offering gene-based therapies and diagnostic services to patients. The increasing prevalence of genetic disorders and the growing demand for personalized medicine drive the adoption of gene editing tools in healthcare facilities.
Gene Editing Tool Market Disease Insights
The Gene Editing Tool Market is segmented into disease areas such as oncology, genetic disorders, and infectious diseases. The oncology segment held the largest market share in 2023 and is projected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing prevalence of cancer and the growing adoption of gene-editing technologies for cancer treatment. The genetic disorders segment is also expected to witness significant growth during the forecast period due to the rising incidence of genetic diseases and the increasing demand for personalized medicine.
The infectious diseases segment is expected to show moderate growth, driven by the growing threat of infectious diseases and the potential of gene editing technologies to develop new treatments and vaccines.
Gene Editing Tool Market Regional Insights
The Gene Editing Tool Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, followed by Europe and APAC. The growth in the North American region is attributed to the presence of major players in the market, such as Thermos Fisher Scientific and Illumina. Europe is also a significant market for gene editing tools, with a growing number of research institutions and biotechnology companies. The APAC region is expected to experience the highest growth rate during the forecast period, due to the increasing adoption of gene editing technologies in the region.
South America and MEA are expected to have a relatively smaller market share but are expected to grow at a steady pace in the coming years.
Global Gene Editing Tool Market, by Region 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gene Editing Tool Market Key Players And Competitive Insights:
Innovations and new developments are key strategies that are regularly adopted in the Gene Editing Tool Market. In order to gain a competitive advantage, major players in the Gene Editing Tool Market are investing in research and development activities. The attractions of the Gene Editing Tool Market industry are expected to be great as there is the expectation of new players venturing into the industry. Also, some of the players in the industry are expanding their product lines, and this is also expected to increase the competition in the Gene Editing Tool Market.
One of the firms that are playing a major role in the Gene Editing Tool Market is Intellia Therapeutics. Intellia Therapeutics focuses on developing and offering therapies to people who are suffering from genetic diseases. The firm is dedicated to meeting the needs of their clients and has adopted several strategies, such as designing NTLA-2001 to help fight the transthyretin amyloidosis. NTLA-2001 is used to alter the hATTR gene and is currently in Phase 3 of the clinical study. By the end of 2023, the firm is expected to submit applications seeking regulatory approvals. Intellia Therapeutics also produces NTLA-5001 gene editing therapy for sickle cell disease. Additionally, to reduce the impacts of gene editing mutations such as sickle cell disease, Intellia Therapeutics has released two other therapies for beta-thalassemia. To combat cancer, Intellia Therapeutics has come up with a therapy called NTLA-6001.
Key Companies in the Gene Editing Tool Market Include:
- CRISPR Therapeutics
- Editas Medicine
- Horizon Discovery
- Cellecta
- Transposagen Biopharmaceuticals
- Agilent Technologies
- Caribou Biosciences
- Thermo Fisher Scientific
- BioRad Laboratories
- New England Biolabs
- Intellia Therapeutics
- ToolGen
- QIAGEN
- MilliporeSigma
- Takara Bio
Gene Editing Tool Market Industry Developments
The gene editing tool market is poised for substantial growth in the coming years, driven by advancements in technology and increasing demand for personalized medicine. Key market trends include the rising adoption of CRISPR-Cas systems, the development of novel gene editing techniques, and increasing investment in research and development.
Recent news developments include the approval of CRISPR-based therapies for various genetic disorders and the establishment of strategic partnerships between industry players to accelerate the development of gene editing technologies.
Gene Editing Tool Market Segmentation Insights
Gene Editing Tool Market Technology Outlook
- CRISPR-Cas9
- TALENs
- ZFNs
- RGENs
- MegaTALs
Gene Editing Tool Market Application Outlook
- Research and Development
- Diagnostics
- Therapeutics
Gene Editing Tool Market End User Outlook
- Academic Institutions
- Biotechnology Companies
- Hospitals and Clinics
Gene Editing Tool Market Disease Outlook
Gene Editing Tool Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
24.65(USD Billion) |
| Market Size 2023 |
30.06(USD Billion) |
| Market Size 2032 |
179.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
21.93% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
CRISPR Therapeutics, Editas Medicine, Horizon Discovery, Cellecta, Transposagen Biopharmaceuticals, Agilent Technologies, Caribou Biosciences, Thermo Fisher Scientific, BioRad Laboratories, New England Biolabs, Intellia Therapeutics, ToolGen, QIAGEN, MilliporeSigma, Takara Bio |
| Segments Covered |
Technology, Application, End User, Disease, Regional |
| Key Market Opportunities |
CRISPRCas9 Optimization Delivery Advancements Growing Demand for Multiplex Gene Editing Expansion into New Therapeutic Areas Commercialization of Gene Editing Tools |
| Key Market Dynamics |
CRISPRCas9 Dominance Gene Editing for Genetic Disorders Advancements in Delivery Systems IP Landscape Challenges Regulatory Considerations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Gene Editing Tool Market is estimated to reach USD 30.06 billion in 2023 and is projected to grow at a CAGR of 21.93% from 2024 to 2032, reaching USD 179.0 billion by 2032.
North America is expected to dominate the Global Gene Editing Tool Market throughout the forecast period, owing to the presence of major market players, high healthcare expenditure, and favorable government initiatives.
Key growth factors driving the Global Gene Editing Tool Market include the increasing prevalence of genetic disorders, technological advancements, rising demand for personalized medicine, and growing investments in research and development.
Major applications of gene editing tools include gene therapy, genome engineering, diagnostics, and agricultural biotechnology.
Key competitors in the Global Gene Editing Tool Market include Thermo Fisher Scientific, Merck, Horizon Discovery Group, Editas Medicine, CRISPR Therapeutics, Intellia Therapeutics, and Beam Therapeutics.
Challenges faced by the Global Gene Editing Tool Market include ethical concerns, regulatory hurdles, and technical limitations.
The COVID-19 pandemic had a significant impact on the Global Gene Editing Tool Market, leading to disruptions in research and development activities. However, the market is expected to recover post-pandemic due to increased demand for gene editing technologies in diagnostics and therapeutics.
The Global Gene Editing Tool Market is expected to witness significant growth in the coming years, driven by advancements in technology, increasing demand for personalized medicine, and favorable government policies.
Key trends shaping the Global Gene Editing Tool Market include the development of novel gene editing techniques, increasing adoption of CRISPR-Cas systems, and the emergence of gene editing startups.
Potential applications of gene editing tools in healthcare include the development of cures for genetic diseases, personalized cancer therapies, and gene-based vaccines.
