Genetic Engineering Market

By Devices;

PCR, Gene Gun, and Gel Assemblies

By Techniques;

Artificial Selection, Cloning, Gene Splicing, and Others

By End User;

Research Institutes, Academic Institutes, Pharmaceutical Industries, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn129175109 Published Date: August, 2025 Updated Date: September, 2025

Genetic Engineering Market Overview

Genetic Engineering Market (USD Million)

Genetic Engineering Market was valued at USD 4,912.49 million in the year 2024. The size of this market is expected to increase to USD 10,361.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.3%.


Genetic Engineering Market

*Market size in USD million

CAGR 11.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.3 %
Market Size (2024)USD 4,912.49 Million
Market Size (2031)USD 10,361.01 Million
Market ConcentrationLow
Report Pages310
4,912.49
2024
10,361.01
2031

Major Players

  • Thermo Fisher Scientific Inc
  • GenScript
  • Amgen Inc
  • Genentech
  • Merck KGaA
  • Horizon Discovery Group plc
  • Sangamo Therapeutics
  • Transposagen Biopharmaceuticals
  • OriGene Technologies

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Genetic Engineering Market

Fragmented - Highly competitive market without dominant players


The Genetic Engineering Market is gaining momentum as precision editing tools like CRISPR become widely adopted, with over 40% of research focusing on reducing off-target effects and improving delivery. Partnerships with academic labs and tool developers are speeding innovation. This progress is catalyzing significant growth in therapeutic, agricultural, and industrial applications.

Collaborative Pipelines Enhance Platform Value
More than 35% of biotech firms are forming strategic collaborations with research organizations to develop optimized editing kits, bioinformatics platforms, and vector systems. These joint efforts are fueling technological advancements that streamline development and support deeper expansion into clinical and crop engineering domains.

Smart Genomics Underpins Future Development
About 30% of current pipelines incorporate AI-enhanced genomics, predictive modeling, and variant analysis tools. Through collaboration with data-tech firms, developers are enabling smarter, personalized applications. This shift represents a compelling future outlook, aligning scientific advancement with practical outcomes.

Industry Consolidation Drives Platform Integration
Nearly 38% of key players have engaged in mergers or acquisitions, combining editing platforms, delivery vehicles, and computational systems. These integrations build comprehensive development frameworks, maintaining innovation momentum and fueling expansive growth and expansion into new markets and sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Devices

    2. Market Snapshot, By Techniques
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Genetic Engineering Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Genetically Modified Organisms (GMOs)
        2. Growing Application in Biopharmaceuticals and Therapeutics
        3. Expanding Biotechnology and Life Sciences Industry
        4. Rising Focus on Precision Medicine
      2. Restraints
        1. Potential for Off-target Effects in Gene Editing
        2. Limited Understanding of Genetic Mechanisms
        3. High Cost of Genetic Engineering Technologies
        4. Public Perception and Acceptance
      3. Opportunities
        1. Expansion into Agricultural Biotechnology
        2. Integration of Gene Editing in Drug Discovery
        3. Collaboration with Academic and Research Institutions
        4. Focus on Synthetic Biology and Gene Synthesis
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Genetic Engineering Market, By Devices, 2021 - 2031 (USD Million)
      1. PCR
      2. Gene Gun
      3. Gel Assemblies
    2. Genetic Engineering Market, By Techniques, 2021 - 2031 (USD Million)
      1. Artificial Selection
      2. Cloning
      3. Gene Splicing
      4. Others
    3. Genetic Engineering Market, By End User, 2021 - 2031 (USD Million)
      1. Research Institutes
      2. Academic Institutes
      3. Pharmaceutical Industries
      4. Others
    4. Genetic Engineering Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Thermo Fisher Scientific Inc
      2. GenScript
      3. Amgen Inc
      4. Genentech
      5. Merck KGaA
      6. Horizon Discovery Group plc
      7. Sangamo Therapeutics
      8. Transposagen Biopharmaceuticals
      9. OriGene Technologies
  7. Analyst Views
  8. Future Outlook of the Market