The global CRISPR Technology Market is projected to reach USD 3.94 billion by 2027, according to a recent report by Emergen Research. Certain factors that are driving the market growth include increasing government and personal funding, rising demand and adoption of CRISPR, and technological advancements.
The research report provides an in-depth evaluation of the Global CRISPR Technology Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
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Key questions answered in the report
1. What will be the market size in terms of value and volume in the next five years?
2. Which segment is currently leading the market?
3. In which region will the market find its highest growth?
4. Which players will take the lead in the market?
5. What are the key drivers and restraints of the market’s growth?
The report also discusses the key players involved in the market such as:
Key participants include Origene Technologies, Inc., Agilent Technologies, Cellecta, Inc., GeneCopoeia, Inc., Integrated DNA Technologies (IDT), Horizon Discovery Group, Merck KGaA, New England Biolabs, Thermo Fisher Scientific and GenScript among others.
Key insights presented in the report:
- Beam Therapeutics primarily owned by Feng Zhang started developing CRISPR officially declared in May 2018 because of which they were able to generate USD 87 million in series A funding. The main motive of the initiative was to utilize CRISPR technology in order to develop “precision genetic medicines”. This would further help to edit a single nucleotide base in the genome at one time.
- In US, the first trial of CRISPR in humans began in April 2019. Two patients are currently being treated as a part of a study being conducted by University of Pennsylvania. In line with NPR (National Public Radio, America), each have different types of cancer that are tough to treat and each have relapsed normal treatments. As a part of the trial, researchers are taking immune cells from the patients' bodies and editing them with CRISPR after which they’re putting them back. Such novel research are expected to drive the market growth throughout the region.
- With different versions of CRISPR-Cas being pursued by different companies, the landscape of genome editing is changing with a variety of advantages associated with it. This is primarily due to major discoveries of nucleic acids coupled with their sensitivity and reliability in approach. Furthermore, this entire procedure eliminated the requirement of an expensive PCR platform.
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CRISPR Technology Market segmentation:
For the purpose of this report, Emergen Research has segmented into the global CRISPR Technology Market on the basis of product type, application, end user type and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Enzymes
- Kits and Reagents
- Guide RNA
- Others
Applications Outlook (Revenue, USD Billion; 2017-2027)
- Biomedical
- Agricultural
- Industrial
- Others
End User Type Outlook (Revenue, USD Billion; 2017-2027)
- Pharmaceutical and Biotechnology Companies
- Academics and Government Research Institutes
- Contract Research Organizations (CROs)
- Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
· North America (U.S.) (Canada) (Mexico)
· Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
· Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
· Latin America (Brazil) (Rest of LATAM)
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Table of Contents:
· Chapter 1 includes an introduction of the global CRISPR Technology Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
· Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
· Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
· In Chapter 4, our team has fragmented the CRISPR Technology market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
· Chapters 5 and 6 have laid emphasis on the CRISPR Technology market segmentation based on product type and application Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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