CRISPR Technology Market Size Forecasted To Achieve $5.75 Billion By 2029 With Steady Growth

The CRISPR Technology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the CRISPR Technology Market Size and Projected Growth Rate?
The market size of CRISPR technology has seen tremendous growth recently. The market value is predicted to increase from $2.05 billion in 2024 to $2.53 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.7%. Factors contributing to this upward trend during the historical period include heightened funding and expanded R&D spending in the pharmaceutical industry.

Anticipations are high that the market for CRISPR technology will surge significantly in the coming years. By 2029, it is expected to be valued at $5.75 billion, with a compound annual growth rate (CAGR) of 22.7%. This projected escalation is due to several factors such as an amplified demand for gene therapeutics, advancements in genome editing technology, the thrust for drug discovery, rising use of CRISPR in diagnostic, growing needs for CRISPR technology in agriculture, and increased acceptance of this technology. Key trends affecting the market during the prediction period encompass the emergence of innovative next-gen technology, enhancements in CRISPR technology for efficient new drug development, the application of artificial intelligence to enhance gene editing accuracy using CRISPR, investments in novel strategies like IDMseq for heightened precision, and strategic partnership with various companies.

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What Are the Major Segments in the CRISPR Technology Market?
The CRISPR technology market covered in this report is segmented -

1) By Product Type: Design Tools, Plasmid And Vector, Cas9 And G-RNA, Delivery System Products
2) By Application: Biomedical, Agriculture, Diagnostics, Other Applications
3) By End-User: Academic Research Organizations, Biopharmaceutical Companies, Agricultural Biotechnology Companies, Contract Research Organizations (CROs)

Subsegments:
1) By Design Tools: CRISPR Design Software, sgRNA Design Tools, Bioinformatics Platforms
2) By Plasmid and Vector: Plasmid Vectors, Viral Vectors, Bacterial Vectors
3) By Cas9 and gRNA: Cas9 Proteins, Guide RNA (gRNA) Products, Cas9 Complexes
4) By Delivery System Products: Electroporation Systems, Lipid-Based Delivery Systems, Viral Delivery Systems, Nanoparticle-Based Delivery Systems

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What Are The Driving CRISPR Technology Market Evolution?
The utilization of CRISPR technology in diagnostics is projected to bolster its market in the given timeframe. Sherlock BioSciences Inc developed the first-ever diagnostic kit using CRISPR technology, the Sherlock CRISPR SARS-CoV-2 kit, for diseases triggered by COVID-19. The emergency use authorization for this kit was granted by the FDA in February 2021. This CRISPR-based Sherlock (Specific High-sensitivity Enzymatic Reporter unLOCKing) diagnostic test assists in identifying the specific RNA or DNA sequences of the SARS-CoV-2 virus in samples such as nasal swabs from the upper respiratory tract and fluids from bronchoalveolar lavage specimens in the lungs. The kit is highly accurate, ensuring no false negatives or positives. With the extension of CRISPR technology's usage in diagnosing infectious diseases, the demand for CRISPR technology products and services is anticipated to surge.

Which Firms Dominate The CRISPR Technology Market Segments?
Major companies operating in the CRISPR technology market include Crispr Therapeutics, Thermo Fisher Scientific, Intellia Therapeutics, Horizon Discovery, Synthego Corporation, Integrated Dna Technology (Danaher), Editas Medicine, GenScript, Agilent Technologies, New England Biolabs, CSIR-Institute of Genomics & Integrative Biology (IGIB), Strand Life Sciences Pvt. Ltd., Bio Palette Co. Ltd., CSL Limited, C4U Co. Ltd., BGI Group, Churchi Genome Engineering and Therapeutic Research Center., Beam Therapeutics Inc., Eurofins Genomics India, Setsurotech Co. Ltd., Merck Japan, Institut Pasteur, CureVac, Cellectis, BiovelocITA S.r.l., Evotec A.G., SNIPR Biome, Oxford Genetics, ERS Genomics, Alia Therapeutics, Solvo, BioTalentum, Rosneft, BIOCAD, BioVendor, Research & Diagnostic Products, Contipro, Lonza Biotec, Sotio, Selvita, BioVentures Institute Ltd, Sigma-Aldrich, Poseida Therapeutics, NanoCellect Biomedical, Sherlock Biosciences, Repare Therapeutics, Inscripta Inc., Santa Cruz Biotechnology, Caribou Biosciences Inc., Egenesis Inc., Homology Medicines, System Biosciences, Takara Bio USA Inc., Inari Agriculture Inc., Precision BioSciences, Cell Microsystems Inc., GeneCopoeia Inc., Horizon Discovery Group, Merck KGaA, Origene Technologies Inc., Pluristem Therapeutics Inc.

What Trends Are Expected to Dominate the CRISPR Technology Market in the Next 5 Years?
Prominent firms active in the CRISPR technology industry are utilizing a strategic alliance model to offer treatments for conditions like sickle cell disease (SCD) and transfusion-reliant beta-thalassemia (TDT). Such strategic alliances allow companies to benefit from each other's respective strengths and capacity, fostering mutual prosperity and achievement. For example, in November 2023, the UK call center company, Vertex engaged in a partnership with Switzerland's biotech firm, CRISPR Therapeutics. Their joint venture aspires to cultivate innovative solutions and introduce the CRISPR/Cas9 Gene-Edited Therapy, CASGEVYTM. CASGEVY (exagamglogene autotemcel) employs CRISPR/Cas9 technology to modify genes in hematopoietic stem cells. This alteration allows for the creation of operational hemoglobin which can drastically curtail or even eradicate the distressing vaso-occlusive incidents connected with sickle cell disease and can also lessen the dependency on blood transfusions for patients suffering from transfusion-dependent beta-thalassemia.

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Which Is The Largest Region In The CRISPR Technology Market?
North America was the largest region in the CRISPR technology market in 2024. Western Europe was the second largest region in the global CRISPR technology market. The regions covered in the CRISPR technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the CRISPR Technology Market?
2. What is the CAGR expected in the CRISPR Technology Market?
3. What Are the Key Innovations Transforming the CRISPR Technology Industry?
4. Which Region Is Leading the CRISPR Technology Market?

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