The Global CRISPR Market is projected to grow at CAGR of 33.26% between 2018-2023

The report published by Knowledge Sourcing Intelligence titled “CRISPR Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for CRISPR Based tools worldwide. The report has been segmented by-products (design tools, plasmid and vector, Cas9 and g-RNA, delivery system products), applications (genome editing, genetic engineering, GMO and crops, human stem cells, others).

In addition, the CRISPR market has been estimated based on the geography, covering five regions namely North America, South America, Europe, Middle East and Africa, and Asia Pacific, and some of the major economies in each of these regions. CRISPR-based tools are increasingly being adopted by the enterprises globally for new developments in fields like genome editing, genetic engineering, biotechnology, pharmaceutical, and agriculture, thus, boosting the growth of the market during the given forecast period. However, lack of awareness regarding the use of CRISPR and ethical issues related to it might restrain the growth of the market during the given time frame.

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By application, Genetic Engineering segment is projected to grow at a significant CAGR during the given time frame.

Applications of CRISPR-based tools in genetic engineering is expected to grow at a substantial rate owing to the ease it provides to the researchers to perform microsurgery on genes, precisely and easily, changing a DNA sequence at exact locations on a chromosome, thus boosting its adoption in the field of genetic engineering.

The North America region is estimated to hold the lion’s share in the CRISPR market throughout the forecast period.

Geographically, Europe holds the largest market share due to the early adoption of the new technologies in the region coupled with the presence of the presence of key pharmaceuticals and biotechnological companies in the region. On the other hand, the Asia-Pacific market is anticipated to show robust growth during the forecast period owing to the increasing focus on the product and drug development activities in the region.

This report also includes a study of strategies and product portfolios of some of the leading companies in the CRISPR market. It consists of company profiles of the leading companies such as Addgene, CRISPR Therapeutics, and Editas Medicine, among others.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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This release was published on openPR.