Genome Editing Market Size, Share, Growth Analysis, By Technology((CRISPR)/Cas9, TALENs/MegaTALs, ZFN, Meganuclease), By Delivery Method(Ex-vivo, In-vivo), By Application(Genetic Engineering [Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering, Others]), By Mode(Contract, In-house), By End-Use(Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, Contract Research Organizations), By Region - Industry Forecast 2024-2031

Global Genome Editing Market size was valued at USD 7.70 billion in 2022 and is poised to grow from USD 8.99 billion in 2023 to USD 31.15 billion by 2031, growing at a CAGR of 16.80% during the forecast period (2024-2031). 

The market is characterized by moderate merger and acquisition activity by many industry players. This is due to several factors including the desire to gain a competitive advantage in the industry. For example, in January 2024, Ginkgo Bioworks launched market that it has acquired Proof Diagnostics, expanding Ginkgo's portfolio of products into medical genetics repair tools. 

Positive government regulations on synthetic organisms, increasing demand for genes and synthetic cells, and heavy investments by governments and large corporations have driven the growth of the market. Various unconventional strategies for editing and exploiting discovered genes is an important new development in gene therapy and molecular biology. 

Large players are adopting this strategy to increase their productivity and marketability and improve their product availability in various geographies. In addition, specialized strategies to raise awareness among students and increase educational materials are expected to boost the genome editing market. For example, in March 2024 Carolina Biological Supply Company and Christianacare Gene Editing Institute worked 9 to 12 Developed exclusive CRISPR in Box educational kit for upper grades and university, offering hands-on instruction in CRISPR techniques.

US Genome Editing Market is poised to grow at a sustainable CAGR for the next forecast year.