Global CRISPR Technology Market Size To Grow At A CAGR Of 23.1% During The Forecast Period Of 2023-2031

The 'Global CRISPR Technology Market Size, Share, Report and Forecast 2023-2031' by Expert Market Research gives an extensive outlook of the global CRISPR technology market, assessing the market on the basis of its segments like type, cas type, application, end-user, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

The key highlights of the report include:

Market Overview (2016-2031)

Historical Market Size (2022): USD 1.8 Billion
Forecast CAGR (2023-2031): 23.1%
Forecast Market Size (2031): USD 11.9 Billion

CRISPR technology, also known as CRISPR-Cas9, is a tool used for editing the genetic code of living organisms. It has been widely adopted in various regions around the world and is being used for a wide range of applications, including basic research, agriculture, and medicine.

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North America is the leading region for CRISPR technology. In the United States, CRISPR technology is being used for a wide range of applications, including basic research, agriculture, and medicine. The United States is home to many leading CRISPR companies and research institutions, such as Editas Medicine, CRISPR Therapeutics, and the Broad Institute. Additionally, the United States Food and Drug Administration (FDA) has approved the use of CRISPR in clinical trials for treating genetic disorders.

The European Union, on the other hand, has invested heavily in CRISPR research, with the European Commission funding a number of projects aimed at developing new CRISPR applications. Additionally, the European Medicines Agency (EMA) has approved the use of CRISPR in clinical trials for treating genetic disorders.

In the Asia Pacific region, China has invested heavily in CRISPR research, with many leading Chinese scientists and institutions working on new CRISPR applications. China has also approved the use of CRISPR in clinical trials for treating genetic disorders.

CRISPR Technology Industry Definition and Major Segments

CRISPR technology is a powerful genetic engineering tool which enables scientists to make precise alterations to the DNA of living organisms. The process includes the use an enzyme called Cas9, which acts like a pair of molecular scissors, to cut specific sequences of DNA. Once the DNA is cut, scientists can then add, delete, or replace specific genes or sequences to change the characteristics of the organism. CRISPR technology has a wide range of applications, including gene therapy, disease treatment, and crop improvement.

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Market Breakup by Type

Cas9 and gRNA
Design Tools
Plasmid and Vectors
Other Delivery System Products

Market Breakup by Cas Type

Cas3 in Type I Systems
Cas9 in Type II Systems
Cas10 in Type III Systems

Market Breakup by Application

Genome Engineering
Disease Models
Functional Genomics
Knockdown/Activation
Others

Market Breakup by End User

Academic Research Organisations
Biopharmaceutical Companies
Agriculture Biotechnology Companies
Contract Research Organisations (CROs)

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

CRISPR Technology Market Trends

The CRISPR technology market is driven by a number of factors, including the increasing demand for precision medicine, the growing awareness of the potential applications of CRISPR technology, and the increasing availability of funding for research and development. The advancements in the technology itself, such as the development of new delivery methods, have also contributed to the growth of the market.

Another driver of the CRISPR technology market is the growing awareness of the potential applications of CRISPR technology. Researchers and scientists have begun to explore the use of CRISPR technology for a wide range of applications, including agriculture, biotechnology, and environmental conservation. This has led to a growing interest in the technology, which has contributed to the growth of the market.

The increasing availability of funding for research and development has also driven the growth of the CRISPR technology market. Governments, private organizations, and venture capitalists are investing heavily in the development of new CRISPR technologies and applications, which has led to a surge in research and development activities. This has in turn led to the development of new products and services, which has contributed to the growth of the market.

Key Market Players

The key players in the market are:

Horizon Discovery Group plc
Sangamo Therapeutics
GenScript Biotech
Integrated DNA Technologies, Inc.
Precision Biosciences
Beam Therapeutics Inc.
Thermo Fisher Scientific Inc.
Intellia Therapeutics
CRISPR Therapeutics AG
Vertex Pharmaceuticals Incorporated
New England Biolabs
Agilent Technologies, Inc.
Merck KGaA

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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