The global CRISPR technology market was valued at over US$ 550.0 Mn in 2018 and is anticipated to grow at a CAGR of 24.0% from 2019 to 2030.
Key factors driving the growth of the market include the increasing funding from the private and government organizations and the high implementation of CRISPR technology. Currently, the technology is considered as a valuable tool for the biopharmaceutical and biotechnology companies to conduct highly efficient and cost effective genome editing procedures.
Key Players
The key players operating in the global CRISPR technology market include Addgene, Caribou Biosciences, Inc., Merck KGaA, Horizon Discovery Group plc,CRISPR THERAPEUTICS, Mirus Bio LLC, Takara Bio USA, Editas Medicine, Thermo Fisher Scientific, Inc., GE Healthcare Dharmacon Inc. and Intellia Therapeutics, Inc. Companies are involved in collaborations to gain share in the market.For instance, Caribou Biosciences develop CRISPR technology in collaboration with the research based on University of California.
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Increasing prevalence of genetic disorders, promoting the growth of market
CRISPR technology including designing tools, libraries, control kit, plasmids, vectors, proteins, gRNA and other products desired to perform experiments and study the results. Currently, the CRISPR technology is regarded as a valuable tool for the biotechnology and biopharmaceutical companies to conduct cost-effective and highly efficient genome editing procedure. In addition, technological advances CRISPR reduce turn-around time and the complexity of the genome editing process. CRISPR technology provides multiple opportunities for developing one treatment for a variety of rare genetic disorders. The pharmaceutical industry is witnessing growth in pipeline candidates developed using CRISPR technology.
Segmentation of CRISPR Technology Market Based On:
By Product
CRISPR Enzymes,
Kits
By Service:
Design & Vector Construction,
Cell Line Engineering, Screening
By Application:
Biological & Biomedical,
Agricultural,
Industrial.
By End User:
Pharmaceutical & Biotechnology Companies,
Academics Institutes & Research Centers,
CROs.
Report Objectives
-To define, describe, and forecast the CRISPR technology market based on product and service, application, end user, and region
-To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
-To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
-To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
-To strategically analyze the market structure, profile the key players of the market.To forecast the size of market segments in North America, Europe, Asia Pacific, and the Rest of the World.
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottom Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecast Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Epidemiological Assessment: Chronic Respiratory Diseases
- Key Product Assessment
In the end,Genome editing accounted for the major share in 2015 due to increase in the adoption of various genome editing procedures for therapeutic development and germ line modifications. High implementation in plant genome editing is also supportive for the market growth. CRISPR holds potential to become a substitute biotechnology treatment for supporting or replacement of the current single-antibody drugs. Furthermore genome editing that is proposed to switch on the immune response for cancer is anticipated to drive the industrial growth significantly.
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