CRISPR Gene Editing Market to Witness Rapid Growth Driven by Advancements in Gene Therapy and Biomedical Research

PRESS RELEASE
Published March 17, 2023

CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) is a revolutionary gene-editing technology that enables precise and efficient genetic modifications. The CRISPR gene editing market has been growing rapidly in recent years due to its potential in treating genetic diseases, creating genetically modified organisms (GMOs), and advancing biomedical research.

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One of the primary drivers of the CRISPR gene editing market is the increasing prevalence of genetic diseases. According to the World Health Organization (WHO), genetic disorders affect millions of people worldwide, and there is an urgent need for effective treatments. CRISPR gene editing offers a promising solution to this problem by enabling precise and efficient genetic modifications that can potentially cure genetic diseases. Another driver of the market is the growing demand for genetically modified organisms (GMOs). GMOs have been used in agriculture to produce crops that are more resistant to pests, diseases, and environmental stresses. CRISPR gene editing technology allows for precise and efficient genetic modifications in a variety of organisms, including plants and animals, enabling the creation of new GMOs with desirable traits.

Furthermore, advancements in biomedical research are driving market growth. CRISPR gene editing has the potential to revolutionize drug discovery, enabling the creation of more effective and targeted treatments for various diseases. The technology can also be used to create animal models of human diseases, enabling researchers to study disease mechanisms and test potential treatments.

Despite the growth potential, the CRISPR gene editing market is restrained by several factors, including ethical concerns, regulatory challenges, and off-target effects. Ethical concerns around the use of gene editing in humans and GMOs have led to regulatory challenges in many countries, limiting the adoption of the technology. Furthermore, off-target effects, where unintended genetic modifications occur, are a significant concern for researchers and healthcare providers. While advances in CRISPR gene editing have reduced the risk of off-target effects, it is still a concern for some applications.

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Some of the Key Players Operating in the Global CRISPR Gene Editing Market include:

Beam Therapeutics, Caribou Biosciences, Inc., Creative Biolabs, CRISPR Therapeutics, Editas Medicine, Eurofins Genomics, GenScript, Horizon Discovery Ltd., Integrated DNA Technologies, Inc., Intellia Therapeutics, Inc., Lonza Group Ltd., Merck KGaA, New England Biolabs, OriGene Technologies, Inc., OXGENE, Sangamo Therapeutics, Synthego, Thermo Fisher Scientific, ToolGen, Inc., Vigene Biosciences.

Key Insights of the Report:

  • The report provides key statistics on the market status of the CRISPR Gene Editing manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  • The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
  • The report presents the company profile, product specifications, capacity, production value, and 2022-2030 market shares for key vendors.
  • The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
  • The report estimates 2022-2030 market development trends of CRISPR Gene Editing industry.
  • Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
  • The report makes some important proposals for a new project of CRISPR Gene Editing Industry before evaluating its feasibility.

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Our 420+ Pages Report titled, CRISPR Gene Editing Market will include extensive information on the following pointers:

  • Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
  • Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
  • Years Considered (2015 – 2030)
    • (Historic Years: 2015 – 2020
    • Base Year: 2021
    • Forecast Years: 2022 – 2030)
  • Market determinants and Influencing Factors
  • Market Dynamics (Drivers, Restraints, Opportunities and Trends)
  • Analysis on Impact of Covid-19 on Global CRISPR Gene Editing Market
  • Macro-Economic and Micro-Economic Indicators
  • Porter’s Five Forces Analysis
  • Regulatory Landscape
  • PESTEL Analysis
  • Competitive Benchmarking: Global Presence and Growth Strategies
    • (Mergers and Acquisitions
    • Product Launches
    • Investments Trends
    • R&D Initiatives)
  • Market Share Analysis, 2021
  • Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
  • Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
  • The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.

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Global CRISPR Gene Editing Market Segmentation:

By Offering

  • Product
  • Software
  • Services

By Application

  • Gene silencing and Engineering
  • Animal
  • Plant
  • Homology-directed repair (HDR)
  • Transient gene silencing or transcriptional repression (CRISPRi)
  • Pooled genome-scale knockout screening
  • Drug Discovery
  • Others

By End-User

  • Biotechnology and Pharmaceutical Companies
  • Academic and Research Institutions
  • Others

By Geography:

  • North America [U.S., Canada, Mexico]
  • Europe [Germany, UK, France, Italy, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
  • South America [Brazil, Argentina, Rest of Latin America]
  • Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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