Reports and Data has released a report predicting that the global Genome Editing Market will reach USD 30.23 billion in 2030, with a CAGR of 18.2% during the forecast period. The growth of the market is driven by factors such as the increasing application of Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) genome in various biotechnology fields and the rising investments made by governments and private investors in biotechnology and biomedical research.

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Genome editing, also known as gene editing or genome engineering, allows researchers to modify or change the gene sequences of living organisms.

The market is widely used by pharmaceutical companies, biotechnology companies, and academic & government research institutes. The pharmaceutical segment accounted for the majority of the revenue share in the global market in 2020, which is attributed to the increasing use of gene editing technology in pharmaceutical research & development activities.

The North America region is expected to account for the largest revenue share over the forecast period, with major contributors to revenue growth being the United States and Canada.

Factors such as rapid advancement in genome editing technologies, high demand for genetically modified crops, and increasing focus on R&D activities associated with gene therapy are expected to drive the revenue growth of the market in this region. Europe accounted for the second-largest revenue share in the global market in 2020, with increasing investments in genome editing technologies being one of the key factors driving revenue growth in this region.

The Asia Pacific region accounted for a 23.4% revenue share in the global market in 2020 and is expected to register the fastest revenue CAGR compared to other regional markets over the forecast period. This can be attributed to the rising prevalence of various infectious diseases.

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The market report includes some key highlights such as the launch of Horizon Discovery Group's predesigned synthetic Single Guide RNA (sgRNA) in December 2019. This would enable researchers to obtain reliable gene knockouts in difficult-to-edit, complex cell types, and experimental models. The CRISPR segment accounted for the largest revenue share in the global market in 2020 due to its advantages such as ease of use, enhanced efficacy, and cost-effectiveness.

The market report also includes some players in the market, including Thermo Fisher Scientific, Merck & Co, Horizon Discovery Limited, Lonza, GenScript, Eurofins Scientific, Precision Biosciences, Oxford Genetics, Intellia Therapeutics, and Sangamo Therapeutics.

The genome editing market has been segmented by Reports and Data based on technology, product & service, application, end-use, and region. The technology segment includes Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR), Zinc-finger Nucleases (ZFNs), Transcription Activator-like Effector Nucleases (TALEN), Antisense, and Others. The product and service segment includes Software & Systems, Reagents & Consumables, and Services. The application segment includes Cell Line Engineering, Diagnostic Applications, Genetic Engineering, Drug Discovery & Development, and Others. Finally, the end-use segment includes Pharmaceutical Companies, Biotechnology Companies, and Academic & Government Research Institutes. The regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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