Spain Genome Editing Market Size & Outlook, 2023-2030
Spain genome editing market, 2018-2030 (US$M)
Related Markets
Spain genome editing market highlights
- The Spain genome editing market generated a revenue of USD 272.4 million in 2023 and is expected to reach USD 764.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 15.9% 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 272.4 million |
| Market revenue in 2030 | USD 764.4 million |
| Growth rate | 15.9% (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, Spain accounted for 3.4% 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 Europe, UK genome editing market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,597.7 million by 2030.
(crispr)/cas9 was the largest segment with a revenue share of 46.4% in 2023. Horizon Databook has segmented the Spain genome editing market based on (crispr)/cas9, talens/megatals, zfn, meganuclease covering the revenue growth of each sub-segment from 2018 to 2030.
Growing adoption of advanced genome editing technology to cure several diseases, such as cancer, infectious diseases, and genetic disorders, is expected to drive the market growth. For instance, in 2020, Spanish National Cancer Research Center (CNIO) researchers successfully destroyed Ewing’s sarcoma and chronic myeloid leukemia tumor cells by utilizing CRISPR genome editing technology to cut out the fusion gene that causes the development of cancer cells.
This was the first time that fusion genes were efficiently and selectively eliminated utilizing CRISPR genome editing technology. This factor is expected to open avenues for the development of cancer therapies.
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Genome Editing Market Scope
Genome Editing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain genome editing market size, by technology, 2018-2030 (US$M)
Spain Genome Editing Market Outlook Share, 2023 & 2030 (US$M)
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