September 01, 2021
According to the research report titled ‘Global Crispr Market 2019-2028’, available with Market Study Report, global CRISPR market is expected to showcase a y-o-y growth rate of 23.95% during 2019-2028.
Increased pervasiveness of lifestyle-oriented diseases, growing elderly population, and rising prevalence of genetic ailments are some of the major factors driving the growth of global CRISPR market.
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Technological advancements in gene therapy and growing demand for CRISPR solutions are also contributing towards the overall market remuneration. Ethical concerns, changing regulatory landscape, and easy availability of alternate technologies, however, could act as a bottleneck to the market expansion.
Based on product landscape, the market is split into library, control kits, GRNA, design tools, proteins, vectors, plasmids, and others.
Elaborating on the application scope, global CRISPR market is bifurcated into cell line engineering, human stem cells, CRISPR plasmid, GRNA database/gene library, genome editing/genetic engineering.
The end-user reach of this industry vertical consists of industrial biotech, agricultural biotech, biological biotech, therapeutics and drug discovery.
From the regional point of view, Asia-Pacific CRISPR market is predicted to expand significantly during the analysis timeframe. Substantial technological breakthroughs and widespread adoption of the technology are complementing the business dynamics in Asia-Pacific.
The prominent companies operating in global CRISPR market are Transposagen Inc., Thermo Fisher Scientific Inc., MilliporeSigma, Sangamo Therapeutics Inc., Precision Biosciences Inc., OriGene Technologies Inc., New England Biolabs, Lonza Group, Intellia Therapeutics Inc., Integrated DNA Technologies Inc., Horizon Discovery Group plc, Genscript Biotech, Genedata AG, GeneCopoeia Inc., Editas Medicine, DiaCarta Inc., CRISPR Therapeutics AG, Cellectis, Caribou Biosciences, Applied StemCell Inc., and Addgene among others.