South Africa Genome Editing Market Size & Outlook
South Africa genome editing market, 2018-2030 (US$M)
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South Africa genome editing market highlights
- The South Africa genome editing market generated a revenue of USD 83.7 million in 2023 and is expected to reach USD 199.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.3% 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 83.7 million |
| Market revenue in 2030 | USD 199.9 million |
| Growth rate | 13.3% (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, South Africa accounted for 1.1% 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 Middle East & Africa, Saudi Arabia genome editing market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 166.6 million by 2030.
(crispr)/cas9 was the largest segment with a revenue share of 44.09% in 2023. Horizon Databook has segmented the South Africa genome editing market based on (crispr)/cas9, talens/megatals, zfn, meganuclease covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa genome editing market is majorly driven by continuous efforts undertaken by researchers of various academic institutions and laboratories, to expand awareness and knowledge about genome editing technologies.
For instance, in November 2019, the South African Medical Research Council (SAMRC) and the faculty of health science of the University of Witwatersrand conducted the first South African conference on gene editing to discuss the ethical & legal issues of genome editing and share appropriate &relevant recommendations.
Growing interest in gene editing technologies has been stimulated by the expanding gene therapy market, contributing to its growth. In South Africa, research into somatic cell gene therapy, which includes gene editing technologies, is primarily directed towards addressing prevalent disorders such as hepatitis B, HIV, cancer, and tuberculosis.
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Genome Editing Market Scope
Genome Editing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa genome editing market size, by technology, 2018-2030 (US$M)
South Africa Genome Editing Market Outlook Share, 2023 & 2030 (US$M)
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