CRISPR And Cas Gene Market Set to Reach $10.81 Billion by 2029 with 22.2% Yearly Growth

What market dynamics are playing a key role in accelerating the growth of the crispr and cas gene market?
The burgeoning emphasis on tailor-made therapy is anticipated to accelerate the expansion of the CRISPR and Cas gene markets. Tailor-made therapy denotes a healthcare approach that uses a person's genetic makeup to steer decisions relating to the detection, cure, and prevention of diseases. CRISPR and the Cas gene - specifically Cas9, are leveraged in tailor-made medicine, enabling accurate alterations to an individual's genetic substance and showing promise for major advancements in creating personalized therapies for genetic illnesses, cancer, and numerous health conditions. For example, in January 2023, the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) gave the green light to 37 new molecular entities (NMEs) in 2022, as per the Personalized Medicine Coalition, an American professional association. Out of the 35 therapeutic NMEs, nearly 34% of them, equaling 12, are recognized as personalized medicines by the Personalized Medicine Coalition (PMC). Hence, the escalating demand for tailor-made therapy will fuel the expansion of the CRISPR and Cas gene markets.

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How will the growth rate of the crispr and cas gene market shape industry trends by 2034?
There has been tremendous growth in the market size for crispr and cas gene in the last few years. The market, which was worth $3.99 billion in 2024, is expected to leap to $4.85 billion in 2025, signaling a compound annual growth rate (CAGR) of 21.7%. The driving forces behind this remarkable growth during the historical period are heightened consumer awareness, change in consumer values, increasing celebrity endorsements, the rising popularity of veganism, and growing influence of social media.

The market size for crispr and cas gene is projected to witness a significant surge in the upcoming years, escalating to $10.81 billion by 2029 with a compound annual growth rate (CAGR) of 22.2%. The projected growth during the forecast period might be a result of the worldwide proliferation of bans, increased aware consumerism, the arrival of new brands, initiatives to educate consumers, and beauty inclusivity. Key trends for the forecast period encompass advancements in technology, product innovations, the rise of circular beauty economy, men's grooming sector, social justice, and ethical sourcing.

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What trends are poised to drive the future success of the crispr and cas gene market?
Leading firms in the CRISPR and Cas gene industries are improving their product ranges and gaining a competitive edge by creating unique items such as CRISPR-based cell-based gene therapy. This therapy utilises CRISPR gene-editing technology to alter or rectify genetic material within cells, proposing a specific and potentially revolutionary solution for genetic diseases and other medical conditions at the cell level. For instance, in December 2023, Vertex Pharmaceuticals Incorporated, an American biopharmaceutical company, achieved approval for CASGEVY (exagamglogene autotemcel [exa-cel]) from the U.S. Food and Drug Administration (FDA). This CRISPR/Cas9 genome-edited gene therapy, CASGEVY, is designed to deal with sickle cell disease (SCD) in people aged 12 and above who frequently suffer from vaso-occlusive crises. CASGEVY stands as the first medication of its kind, with the potential to provide a one-off transformational therapy for eligible sickle cell patients. As CASGEVY needs specific expertise in stem cell transplantation, Vertex is partnering with experienced institutions to form a network of independently owned, approved treatment centers (ATCs) nationwide, with the aim of making CASGEVY more accessible to patients.

Which primary segments of the crispr and cas gene market are driving growth and industry transformations?
The crispr and cas gene market covered in this report is segmented -

1) By Product Type: Kits And Enzymes, Libraries, Design Tool, Antibodies, Other Products Types
2) By Service Type: Cell Line Engineering, gRNA Design, Microbial Gene Editing, DNA Synthesis
3) By Application: Clinical, Financial, Operational And Administrative
4) By End Use: Biotechnology And Pharmaceutical Companies, Academics And Government Research Institutes, Contract Research Organizations (CROs)

Subsegments:
1) By Kits And Enzymes: CRISPR Kits, Cas Enzymes, Grna Synthesis Kits
2) By Libraries: CRISPR Libraries For Gene Knockout, CRISPR Libraries For Gene Activation, Sgrna Libraries
3) By Design Tools: Online Design Platforms, Software For CRISPR Guide RNA Design, Custom Design Services
4) By Antibodies: Antibodies For Cas Proteins, Antibodies For Detection Of Edited Cells, Secondary Antibodies For Immunoassays
5) By Other Product Types: Delivery Systems, CRISPR-Related Consumables, Control Plasmids And Reagents

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Which geographical regions are pioneering growth in the crispr and cas gene market?
North America was the largest region in the CRISPR and Cas gene market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the CRISPR and cas gene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the crispr and cas gene market landscape?
Major companies operating in the Crispr and cas gene market report are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., AstraZeneca plc., Danaher Corporation, Quest Diagnostics, Lonza Group AG, Bio-Rad Laboratories Inc., eGenesis, Novartis Institutes for BioMedical Research, Myriad Genetics Inc., GenScript, Takara Bio Inc., 23andMe Inc., Merck KGaA, Color Genomics Inc., Horizon Discovery Group PLC, Beam Therapeutics Inc., Intellia Therapeutics Inc., New England BioLabs, Recursion Pharmaceuticals Inc., Caribou Biosciences Inc., Cellectis S.A., Editas Medicine Inc.

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What Is Covered In The CRISPR And Cas Gene Global Market Report?

• Market Size Forecast: Examine the crispr and cas gene market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the crispr and cas gene market for a structured understanding.
• Key Players Overview: Analyze major players in the crispr and cas gene market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the crispr and cas gene market.
• Segment Contributions: Evaluate how different segments drive overall growth in the crispr and cas gene market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the crispr and cas gene market.
• Industry Challenges: Identify potential risks and obstacles affecting the crispr and cas gene market.
• Competitive Landscape: Review strategic developments in the crispr and cas gene market, including expansions, agreements, and new product launches.

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