CRISPR/CAS 9 Technology Market Size to Reach USD 6,221 Million in 2028 Growing at a CAGR of 20.4%, according to Emergen Research

Emergen Research has published its latest report titled “CRISPR/CAS 9 Technology Market, By Product & Service Type (Kits & Enzymes, Libraries, Design Tool, Antibodies, Cell Line Engineering, gRNA Design, Microbial Gene Editing, DNA Synthesis, Others), By Application (Biomedical, Agricultural), By End-use (Biotechnology & Pharmaceutical Companies, Contract Research Organizations, Academic & Government Research Institutes, Others), and By Region, Forecast to 2028”

According to Emergen Research, the global CRISPR/CAS 9 technology market size was USD 1,404.6 Million in 2020 and is expected to reach USD 6,221 Million in 2028 and register a revenue CAGR of 20.4% during the forecast period, 2021-2028.

Market Dynamics:

Steady revenue growth of the global CRISPR/CAS 9 technology market is primarily driven by increasing government support and funding genetic engineering studies and research programs, growing use of the CRISPR technology in development of new, more advanced treatments for various diseases, including genetic disorders and neurodegenerative diseases, and increasing applications of the technology in research studies for new solutions to crop disease resistance and environmental stress tolerance in plants. CRISPR/CAS 9 is a gene-editing tool widely used by scientist to alter or edit the DNA of different species faster and with high precision.

Advanced CRISPR-based platforms are being developed to help scientists identify the root causes of neurodegenerative diseases such as Parkinson’s disease and Alzheimer’s disease. Hence, other factors contributing to the global CRISPR/CAS 9 technology market revenue growth include growing use of cutting-edge CRISPR/CAS 9 tools in new drug discovery & development and in treatment of single-gene disorders including cystic fibrosis, hemophilia, and sickle cell disease, as well as various heart diseases, HIV (Human Immunodeficiency Virus), cancer, and severe mental illnesses.

Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/768

COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Biomedical Application Segment Accounted for Largest Revenue Share in 2020:

In terms of application, the global CRISPR/CAS 9 technology market is mainly segmented into biomedical and agricultural. The biomedical segment – which is sub-categorized into genome engineering, disease model studies, functional genomics, epigenetics, and others – accounted for the largest revenue share in the global market in 2020. Increasing applications of CRISPR/CAS 9 technology in various fields of biomedical science, extensive use of nano-carriers in research and development activities, rising focus on genome engineering for advanced treatment of genetic disorders, such as cystic fibrosis, sickle cell disease, and hemophilia, are major contributors to the growth of this segment.

Biotechnology & Pharmaceutical Companies Segment to Account for Fastest Revenue CAGR:

Based on end-use, the global CRISPR/CAS 9 technology market is segmented into biotechnology & pharmaceutical companies, CROs, academic & government research institutes, and others. The biotechnology & pharmaceutical companies segment is expected to register the fastest revenue growth rate in the global market over the forecast period, owing to factors such as rapid adoption of CRISPR/CAS 9 technology to develop newer, more advanced biological models for various human diseases and rising number of pipeline projects led by leading pharmaceutical and biotechnology companies around the world.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America CRISPR/CAS 9 technology market accounted for the largest revenue share in the global market in 2020. Increased government investments in development of leading-edge solutions genetic disease treatment, increasing initiatives by agricultural companies towards the commercialization of CRISPR-edited crops, rising number of genetic engineering studies and research programs, and presence of leading industry players in the region, including Boston Scientific Corporation, Thermo Fisher Scientific, AstraZeneca PLC, and Lonza, are key factors supporting the North America CRISPR/CAS 9 technology market revenue growth.

Make Payment [Buy your Exclusive copy]@ https://www.emergenresearch.com/select-license/768

Major Companies in the Global CRISPR/CAS 9 Technology Market Include:

  • Merck KGaA
  • Boston Scientific Corporation
  • Thermo Fisher Scientific
  • AstraZeneca PLC
  • GenScript
  • eGenesis
  • Caribou Biosciences, Inc.
  • Horizon Discovery Group plc
  • Lonza
  • Applied StemCell
  • Synthego Corporation
  • OriGene Technologies
  • Hera BioLabs
  • Takara Bio Inc.
  • Cellecta, Inc.
  • GeneCopoeia, Inc.

For the purpose of this report, Emergen Research has segmented the global CRISPR/CAS 9 technology market based on product & service type, application, end-use, and region:

Product & Service Type Outlook (Revenue, USD Million; 2018–2028)

  • Product
  • Kits & Enzymes
  • Vector-based CAS
  • DNA-free CAS
  • Libraries
  • Design Tool
  • Antibodies
  • Others
  • Service
  • Cell Line Engineering
  • gRNA Design
  • Microbial Gene Editing
  • DNA Synthesis

Application Outlook (Revenue, USD Million; 2018–2028)

  • Biomedical
  • Genome Engineering
  • Disease Model Studies
  • Functional Genomics
  • Epigenetics
  • Others
  • Agricultural

End-use Outlook (Revenue, USD Million; 2018–2028)

  • Biotechnology & Pharmaceutical Companies
  • Contract Research Organizations (CROs)
  • Academic & Government Research Institutes
  • Others

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/crispr-cas-9-technology-market

Region Outlook (Revenue, USD Million; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

Explore Reports offered by Emergen Research:

Battery Materials Market Analysis By Battery Type (Lead-Acid, Lithium-Ion, Others), By Material Type (Metal & Metal Oxide, Other Chemical Compounds), By Application (Consumer Electronics, Automotive, Grid Storage, Others), By Region, Forecasts to 2027

Electric Vehicle Battery Market Size, Share, Trends, By Battery Type (Lead-acid, Lithium-ion, Others), By Vehicle Type (Commercial, Passenger), and By Propulsion (Plug-In Hybrid, Battery), Forecasts to 2027

Anti-Reflective Coatings Market By Resin Type (Acrylic, Urethane, Epoxy), By Technology (Electron Beam, Sputtering), By Application (Eyewear, Electronic, Solar Panels, Automotive), Forecasts to 2027

Nanopatterning Market By Type (Nanoimprint Lithography, E-beam lithography, Others), By Technology (Soft lithography, UV nanoimprint lithography, Others), Application (Consumer Electronics, Healthcare, Foundry, Others), By Region Forecasts to 2027

Polylactic Acid Market By Product Type (Racemic PLLA (Poly-L-lactic Acid), Regular PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid)), Distribution Channel, BY Application (Packaging, Textile, Transport, Agriculture, Electronics, Medical), Forecasts to 2027

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkdIn | Twitter | Blogs

Full Press Release@ https://www.emergenresearch.com/press-release/global-crispr-cas-9-technology-market

Back to news