According to a new report published by UnivDatos Markets Insights, the CRISPR gene editing market was valued at more than USD 800 million in 2020 and is expected to grow at a CAGR of around 18% from 2022-2028. The analysis has been segmented into Product Type (CRISPR Products and CRISPR Services); Application (Agricultural, Biomedical (Gene Therapy, Drug Discovery, And Diagnostics), Industrial, and Others); End-User (Academic Institutes & Research Centres, Biotechnology Companies, Contract Research Organizations (CROs), Pharmaceutical & Biopharmaceutical Companies); and Region/Country.
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The CRISPR gene editing market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the CRISPR gene editing market. The CRISPR gene editing market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the CRISPR gene editing market at the global and regional levels.
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Market Overview
CRISPR gene editing is a scientific method that enables geneticists and medical researchers to modify, add, or delete specific DNA sequences to alter portions of the genome. It is currently the most straightforward, adaptable, and precise method of genetic modification. CRISPR has a lot of potential as a tool for treating genetic diseases like cancer, high cholesterol, and hepatitis B. For instance, according to the World Health Organization, around 296 million people were living with chronic hepatitis B infection in 2019, with 1.5 million new infections occurring every year.
the CRISPR gene editing market is a rapidly growing and highly competitive market, driven by the increasing demand for new and effective treatments for various diseases and conditions, as well as the growing interest in precision medicine and personalized treatments. With advancements in technology and the increasing number of companies entering the market, the market is expected to continue growing in the coming years. For instance, in 2020, zon Discovery Group launched the Edit-R CRISPRa Portfolio. The Edit-R CRISPRa Portfolio is a collection of plasmids that use CRISPR activation (CRISPRa) technology to turn on the expression of specific genes in mammalian cells. The Edit-R CRISPRa Portfolio provides researchers with a powerful tool for studying gene function and developing new therapies for genetic diseases.
Some of the major players operating in the market include CRISPR Therapeutics; Thermo Fisher Scientific Inc.; Synthego; System Biosciences, LLC; ToolGen, Inc.; Agilent Technologies, Inc.; Merck KGaA; Applied StemCell; GeneCopoeia, Inc.; Cellecta, Inc.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. Due to their reliability and sensitivity, CRISPR gene editing technology has been widely utilized in nucleic acid detection since the COVID-19 pandemic. As a DNA editing tool, CRISPR has become increasingly popular with major pharmaceutical and biotechnology companies for drug and therapy development.
The global CRISPR gene editing market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on application, the market is categorized into agricultural, biomedical (gene therapy, drug discovery, and diagnostics), industrial, and others. Among these, the agricultural category is anticipated to register the fastest growth rate during the forecast period. This is mainly due to the consumption of nutritional food has risen globally because of improvements in agricultural productivity brought on by the adoption of advanced breeding technologies. For instance, researchers at Cold Spring Harbor Laboratory used CRISPR/Cas9 technology in June 2019 to create mutations in the tomato flowering suppressor, which led to quick flowering, more compact development, and ultimately an early harvest.
· On the basis of end-user, the market is segmented into academic institutes & research centers, biotechnology companies, contract research organizations (CROs), and pharmaceutical & biopharmaceutical companies. The academic institutes and research centers category witness the fastest CAGR during the forecast period owing to their fundamental research, innovation, training & education, and collaborations with industry partners. These activities are crucial for the continued growth and success of the CRISPR gene editing market.
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CRISPR gene editing market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
APAC is anticipated to witness the fastest growth in the market. This is mainly due to the increasing investments in gene editing research, the rising prevalence of genetic disorders, and the adoption of CRISPR technology in agriculture & animal breeding in the region. Also, the increasing government investment in R&D and patents assigned for these technologies to develop novel treatments is driving market expansion in developing countries. For instance, in March 2021, a CRISPR-Cas9 patent was given to the Japanese biotech firm Setsuro Tech by the Dublin-based ERS Genomics. With the help of these advanced technologies, the company is developing cell & animal models.
The major players targeting the market include
· CRISPR Therapeutics
· Thermo Fisher Scientific Inc.
· Synthego
· System Biosciences, LLC
· ToolGen, Inc.
· Agilent Technologies, Inc.
· Merck KGaA
· Applied StemCell
· GeneCopoeia, Inc.
· Cellecta, Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the CRISPR gene editing market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the CRISPR gene editing market?
• Which factors are influencing the CRISPR gene editing market over the forecast period?
• What are the global challenges, threats, and risks in the CRISPR gene editing market?
• Which factors are propelling and restraining the CRISPR gene editing market?
• What are the demanding global regions of the CRISPR gene editing market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE CRISPR GENE EDITING MARKET
6 CRISPR GENE EDITING MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY PRODUCT TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY END-USER
10 MARKET INSIGHTS BY REGION
11 CRISPR GENE EDITING MARKET DYNAMICS
12 CRISPR GENE EDITING MARKET OPPORTUNITIES
13 CRISPR GENE EDITING MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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