CRISPR and Cas Genes Market to Expand at Fast Pace, Thanks to Rise in Research and Development Activities, TMR
CRISPR is elaborated as Clustered Regularly Interspaced Short Palindromic Repeats, it is a technology that deals in gene editing. It is considered as one of the biggest discovery in life science. The technology has potential to treat several rare occurring diseases in several areas. However most of the patient in the CRISPR and Cas genes market are under trial and are waiting for the FDA approval. Once approved the technology will revolutionise the way dieses are treated in the human. Hence, investors are citing immense growth potential in the growth of the CRISPR market in the coming few years. However, despite several growth opportunities in the market, it would be too early to predict the market growth owing to several obstacles in moving the great genome editing tools to the clinic.
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On the other hand, Cas genes system is an efficient and easily programmable nucleic acid-targeting devices that is used in breeding of plants and animals and engineering of industrial microbes.
There are several other factors which may contribute to the growth of the CRISPR and Cas Genes Market in the coming few years. We have mentioned a few of them below, have a look-
- Along with this, increasing use of CRISPR-Cas systems in bacteria detection, usage of CRISPR/Cas9 technology to improve crop production and rise in government spending on research and development of genome editing are some of the prominent factors expected to drive the global CRISPR and Cas genes market in the coming years.
- Several factors such as, self-targeted cell killing, and research towards control metabolic pathways for improved biochemical synthesis coupled with growing number of genetic disorder are some of the prominent factors expected to drive the global CRISPR and cas genes market over the forecast period.
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Increase in Usage of DNA-free Cas
DNA-free Cas9 is most commonly used with synthetic crRNA tracrRNA and chosen by researchers who strive to avoid unwanted vector DNA integration into their genomic DNA. CRISPR-Cas9 utilizing mRNA or protein is ideal for applications such as knocking of a fluorescent reporter using HDR or knockout cell line generation. Advantages such as gene editing with DNA-free CRISPR-Cas9 components to reduce potential off-targets and potential usage of CRISPR-Cas9 gene editing to find correlations with human diseases in model systems drive the segment.
Asia Pacific Market to Witness Exponential Growth
In terms of revenue, the CRISPR and Cas genes market in Asia Pacific is expected to expand at a CAGR of 22.0% during the forecast period. Growth of the market in the region can be attributed to increase in incidence of chronic diseases such as cancer and the need of development of genetic engineered treatment options. According to the report, Call for Action: Expanding Cancer Care for Women in India, 2017, an estimated 0.7 million women in India are suffering from cancer. China dominated the CRISPR and Cas genes market in Asia Pacific. In 2016, scientists based in China launched the first known human trials of CRISPR, the genomic tech that involves slicing and dicing the body’s very source code to fight cancer. Japan was the second largest market for CRISPR and Cas genes in Asia Pacific.
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Addgene, Thermo Fisher Scientific, Inc., and Integrated DNA Technologies, Inc. to Lead Market
The report also provides profiles of leading players operating in the global CRISPR and Cas market such as Synthego, Thermo Fisher Scientific, Inc., GenScript, Addgene, Merck KGaA (Sigma-Aldrich), Integrated DNA Technologies, Inc., Transposagen Biopharmaceuticals, Inc., OriGene Technologies, Inc., New England Biolabs, Dharmacon, Cellecta, Inc., Agilent Technologies, and Applied StemCell, Inc.
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