CRISPR Technology Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

 CRISPR Technology Market size is forecast to reach $2.46 billion by 2025, growing at a CAGR of 24.25 % during the forecast period 2019-2025. Increasing availability of private and government funding and rising incidences of related to genetic disorders are the major factors driving the growth of the market. Need for advanced therapies for cancer and technological advancements in the gene editing techniques along with favorable regulatory technique will further enhance the overall market demand of CRISPR technology during the forecast period.

Request Sample

Key Takeaways

  • North America dominates the CRISPR Technology Market owing to adoption of CRISPR technology by the biopharmaceutical companies and growing research by the academic & research organizations.
  • The growing funding from government and private sectors and the increasing use of CRISPR technology in various industries & the development in the drug discovery is likely to aid in the market growth of CRISPR technology.
  • Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the CRISPR technology market report.
  • High cost associated with the CRISPR and ethical issues in some countries can create a hurdle for the growth of the market.

Product & Services - Segment Analysis

The services segment held the largest share in the CRISPR technology market in 2018 and is estimated to grow with a CAGR of 16.8% during the forecast period 2019-2025.This is mainly owing to the increasing application of services mostly in biomedical and biological industries. CRISPR kits and enzymes are also used in agricultural and industrial sectors. Cas9 homologs include Streptococcus pyogense and Staphylococcus aureus. Cas9 tools will play a multifarious role in agriculture by enabling the industry in editing crops to make them more nutritious, enhanced taste, disease resistant, and less susceptible to drought.  In services segment, cell line engineering segment is estimated to be the fastest growing segment.

Schedule a Call

Application - Segment Analysis

The biomedical segment accounted for the major share in the CRISPR technology market in 2018 and is estimated to grow at a CAGR of 14.60% during the forecast period 2019-2025. The growth in this segment can be attributed to the increasing usage of CRISPR technology in gene therapy, drug discovery and diagnostics. The most widely used of CRISPR technology is I the treatment of Cancer. Depending on CRISPR's precise functionality, this tool can also be used to create specific mutations in different cell lines to model the cancers. Such form of modeling will lead to a better understanding of a variety of diseases like cancer and the ability to develop effective drugs further. CRISPR-CAS-9 is a cluster of palindromic repeats and is found naturally in bacteria. The ability of CRISPR-CAS-9 has allowed scientists to make DNA and RNA libraries as per their need and applications. CRISPR-CAS-9 technology has potential applications in the field of treating human diseases, creating gene libraries and manipulating cell functions like metabolism.The technology of generating extrachromosomal DNA by CRISPR is referred as CRISPR-C. Bacterial genomes editing with Cas9 enzymes has been explored as a transformative genome engineering tool.

Geography - Segment Analysisg with 

North America dominated the CRISPR technology market share accounting for more than 54.13%, followed by Europe. The presence of major pharm and gene therapy companies and the rising government and private funding is helping in this region growth. The adoption of CRISPR in several applications and the increasing R&D by the research institutes and organizations are also supporting the growth of this market in this region. Crops that are treated with CRISPR-based gene editing are not considered as GMOs in US, therefore this has attracted a number of agricultural companies to focus on the commercialization of CRISPR-edited crops.

We also publish more than 100 reports every month in "Lifesciences and Healthcare”, Go through the Domain if there are any other areas for which you would like to get a market research study."

Location: United States

Comments

Post a Comment

Popular posts from this blog

Printed Tape Market - Forecast(2021 - 2026)

  Printed Tape Market  Overview Printed tape market size is forecast to reach  $38.4 billion by 2026 , after growing at a  CAGR of 5.9% during 2021-2026 . Printed tapes can help in spotlighting company, product or logo and can be also used as an alternative for printed cartons in tapes, owing to the printed tape market is witnessing an increase in demand. These printed tapes are hot melt and have fast adhesive strength of synthetic rubber even in lower temperatures as compared to acrylic adhesive, which is more resistant to aging and UV radiation. However, it also gives free professional design assistance, alignments, and quality checks at every step which makes the seller feel protective towards their product and avoids black-marketing. Growing public interest towards printed tapes for packaging will further enhance the overall market demand for Printed tape during the forecast period. Covid Impact The worldwide spread of the COVID-19 pandemic has disrupted the trad...
Read more

Pet Care Market - Forecast(2021 - 2026)

  Pet Care Market Overview: According to the European Pet Food Industry Federation (FEDIAF), the daily diet requirement for a dog and a cat are 37 and 40 nutrients respectively. [1]  This daily requirement of nutrients is largely fulfilled by canned pet foods which throws light on the essentiality of pet products in modern-day life. Pet care is a lucrative market growing rampantly in U.S. and U.K. owing to growing instances of pet ownership in these regions. The pet care market also includes items for pet grooming, pet accessories, pet shops, pet essentials, pet care clinics, pet care insurance, and many others. As a result of this increase in pet adoption, consumers are now spending colossal amounts of their income on pet care thereby ballooning the demand for pet products. Furthermore, ease of pet training and grooming facilities has considerably boosted the global pet care market which offered opportunities worth $125 billion as of 2018. During the forecast period 2019-2025...
Read more

Occupant Classification System Market - Forecast(2021 - 2026)

Image
  Occupant Classification System Market Overview The global Occupant Classification System Market size is estimated to surpass  $1.1 billion mark by 2026  growing at a projected CAGR of more than  6.2%  during the forecast period 2021 to 2026. The surging demand for road safety in automobiles pertaining to driver safety and stringent government regulations related to occupant safety will boost the Occupant Classification Systems market. The market is driven by declining prices of the safety systems in passenger vehicles. The market is also driven by increasing number of accidents and stringent government regulations & policies. The automotive sector has seen a growing inclination towards the safety and comfort of the passenger over the years. This focus on safety of the passengers/driver is illustrated by the steps taken by automotive manufacturers, such as introduction of seat belt tensioners, air-bags and  ABS (anti-lock braking)  in the vehicles...
Read more