Global CRISPR Technology Market Expected to Grow at more than 25% CAGR with Key Player's-Thermo Fisher Scientific, Merck KGaA, GenScript, Integrated DNA Technologies (IDT), Horizon Discovery Group, Agilent Technologies, Cellecta, Inc., GeneCopoeia, Inc.

Global CRISPR Technology Market Overview
Global CRISPR Technology Market valued approximately USD 449.6 million in 2017 is anticipated to grow with a healthy growth rate of more than 25 % over the forecast period 2018-2025. Increasing availability of government and private funding and growing adoption of CRISPR technology are some key trends that are responsible for the wide adoption of CRISPR Technology globally.

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As per the Congressional Research Service (US), CRISPR-related research funding by National Institutes of Health (NIH) grew from $5.1 million in FY2011 to $603 million in FY2016, such high funding in the CRISPR has set the scientific foundation for advanced gene editing technologies such as CRISPR-CAS 9. Moreover, between the periods of 2006-2016 (FY) as per National Institute of Health (NIH) approximately $981 million was funded by the NIH for CRISPR related researches. Further in 2017, as per the Defense Advanced Research Projects Agency (DARPA), the DARPA has announced to invest $65 million over the course of next four years till 2021 in order to make CRISPR Gene Editing Safer and to counter bioterrorism threats.

Industry Insights:
According to Pharmaceutical Research and Manufacturers of America (PhRMA), the biopharmaceutical R&D expenditure in the United States grew in 2014 was ~$53.5 billion which grew up-to $58.8 billion in 2015. Similarly, according to the Gov.UK in 2017, UK government recently opened its doors to develop drug discovery by investing around $7.16 million that would help businesses to meet and understand the challenges involved in developing drugs. By use of CRISPR, several drugs can be developed which can enhance the effectiveness and quality of medicines and vaccines available in the market for various blood disorders and heart diseases. As a result, the adoption of CRISPR technology would increase thereby, aiding the growth of the market.

Major Players:
Thermo Fisher Scientific
Merck KGaA
GenScript
Integrated DNA Technologies (IDT)
Horizon Discovery Group
Agilent Technologies
Cellecta, Inc.
GeneCopoeia, Inc.
New England Biolabs
Origene Technologies, Inc.

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Market Segmentation:
By Application:
Biomedical Applications
Agricultural Applications
Industrial Applications
Biological Research

End Users Covered:
Pharmaceutical and Biopharmaceutical Companies
Biotechnology Companies
Academic & Research Institutes
Contract Research Organizations

Regions Covered:
North America
Europe
Asia Pacific
South America
Middle East & Africa

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