Genome Editing Market Share

North American Market Forecast

The genome editing market in North America is expected to dominate over the forecast period accounting for 35% of the revenue share. The growth in the region is primarily due to an increase in population and research activity, as well as the availability of health insurance that covers various cancer diagnoses and related genome editing. Patients' ability to afford advanced treatments and the rising economic status in the region are expected to further drive market growth during the forecast period. In August 2022, personal income in the U.S. grew by 0.3% to reach USD 71.6 billion, while personal spending grew by 0.4% to reach USD 6.75 billion, according to the U.S. Bureau of Economic Analysis.

APAC Statistics

The Asia Pacific genome editing market is expected to hold a large share of about 24%. This is due to the region having the fastest ageing population in the world, with an estimated 1.3 billion geriatric population by 2050. The rise in cancer patients and deaths, along with funding for medical infrastructure, are also expected to contribute to market growth.