CRISPR Technology Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by
- elizabethsanchez28
- Aug 31, 2021
- 4 min read
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 rise in funding, initiatives by the government to develop vaccines, medical technologies, drugs, devices are propellant towards the expansion of the genome editing market globally. As compared to previous systems, CRISPR has a lot of potentials and applications. Among these, one necessary application is that the use of CRISPR in understanding numerous genetic and epigenetic diseases as well as cancer. Study of cancer by the CRISPR system is usually done by 2 approaches i.e. turning on the growth suppressor genes and turning off the oncogenes.
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Key Highlights From 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.
· 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.
The report further sheds light on the broad geographical fragmentation of the global CRISPR Technology market, as well as various market segments and sub-segments categorized into product types, applications, and end-users. The regional overview in the global market report comprises the market size, value, share, volume, and cost analysis related to each region.
· Product Type Outlook (Revenue, USD Billion; 2017-2027)
o Enzymes
o Kits and Reagents
o Guide RNA
o Others
· Applications Outlook (Revenue, USD Billion; 2017-2027)
o Biomedical
o Agricultural
o Industrial
o Others
· End User Type Outlook (Revenue, USD Billion; 2017-2027)
o Pharmaceutical and Biotechnology Companies
o Academics and Government Research Institutes
o Contract Research Organizations (CROs)
o Others
The report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers. The market offers a panoramic view of the industry through a thorough analysis of the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Analysis of the Regions of the CRISPR Technology Market Include Regions such as:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Full Coverage of the Report:
l The authors of this report have performed qualitative and quantitative assessments of the global CRISPR Technology industry and further conducted market estimation for the forecast years of 2020-2027.
l The report assesses the global CRISPR Technology market in detail, focusing on the technological advancements, various industry verticals, distribution channels, diverse product types, and the broad application outlook.
l A wide-ranging analysis of the global CRISPR Technology market’s geographical scenario is an integral part of the report.
l In the conclusive section, the report discusses the company profiles of the key market players at length. This section takes a closer look at the financial positions, recent trends and developments, product offerings, and business expansion tactics of the market contenders.
Table Of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. CRISPR Technology Market Segmentation & Impact Analysis 4.1. CRISPR Technology Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rise in funding by various government and private sources 4.2.2.2. Technological advancements leading to adoption of CRISPR 4.2.3. Market restraints analysis 4.2.3.1. Heavy costs related to using CRISPR 4.2.3.2. Lack of trained professionals and standardized regulations 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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