India Genome Editing Market Size & Outlook, 2023-2030
India genome editing market, 2018-2030 (US$M)
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India genome editing market highlights
- The India genome editing market generated a revenue of USD 153.5 million in 2023 and is expected to reach USD 626.7 million by 2030.
- The India market is expected to grow at a CAGR of 22.3% from 2024 to 2030.
- In terms of segment, (crispr)/cas9 was the largest revenue generating technology in 2023.
- (CRISPR)/Cas9 is the most lucrative technology segment registering the fastest growth during the forecast period.
Genome editing market data book summary
| Market revenue in 2023 | USD 153.5 million |
| Market revenue in 2030 | USD 626.7 million |
| Growth rate | 22.3% (CAGR from 2023 to 2030) |
| Largest segment | (crispr)/cas9 |
| Fastest growing segment | (CRISPR)/Cas9 |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | (CRISPR)/Cas9, TALENs/MegaTALs, ZFN, Meganuclease |
| Key market players worldwide | Merck KGaA, Cibus Inc Ordinary Shares - Class A, Recombinetics, Sangamo Therapeutics Inc, Editas Medicine Inc, Precision BioSciences Inc, CRISPR Therapeutics AG, Intellia Therapeutics Inc, Caribou Biosciences Inc Ordinary Shares, Cellectis SA, AstraZeneca PLC, Takara Bio Inc, Horizon Discovery, Danaher Corp, Genscript Biotech Corp Class H, New England Biolabs, Origene Technologies, Bluebird bio Inc, Lonza Group Ltd, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, India accounted for 1.9% of the global genome editing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China genome editing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 626.7 million by 2030.
(crispr)/cas9 was the largest segment with a revenue share of 45.54% in 2023. Horizon Databook has segmented the India genome editing market based on (crispr)/cas9, talens/megatals, zfn, meganuclease covering the revenue growth of each sub-segment from 2018 to 2030.
India possesses high growth potential in the genome editing market due to high competency and intense demand for genome editing technology to improve agriculture productivity suitably. In the country, the Department of Biotechnology’s (DBT) National Agri-Food Biotechnology Institute is utilizing CRISPR genome editing technology to modify bananas.
Acknowledging the importance of genome editing techniques in genome modification as a modern-day essential tool for R&D, DBT along with Indo U.S. Science & Technology Forum, announced a fellowship program between U.S. universities and Indian institutes in the field of genome engineering/editing technology.
Furthermore, ongoing research projects related to CRISPR/Cas9 by Indian researchers and scientists are expected to drive the India genome editing market. For instance, Indian scientists have developed a novel variant of the popular genome editing tool, CRISPR-Cas9, and proved that the variant can enhance precision in genome editing while avoiding unintended changes in DNA.
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Genome Editing Market Scope
Genome Editing Market Companies
| Name | Profile | # Employees | HQ | Website |
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India genome editing market size, by technology, 2018-2030 (US$M)
India Genome Editing Market Outlook Share, 2023 & 2030 (US$M)
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