INCREASING RESEARCH AND DEVELOPMENT IN THE FIELD OF CRISPR TECHNOLOGY IS EXPECTED TO BOOST THE GROWTH OF THE GLOBAL CRISPR TECHNOLOGY MARKET DURING THE FORECAST PERIOD

INCREASING RESEARCH AND DEVELOPMENT IN THE FIELD OF CRISPR TECHNOLOGY IS EXPECTED TO BOOST THE GROWTH OF THE GLOBAL CRISPR TECHNOLOGY MARKET DURING THE FORECAST PERIOD 

Global CRISPR Technology Market: Key Highlights

• The global CRISPR technology market is estimated to reach USD 704.467 Million by 2027 at a CAGR of 25.3% during the review period

• The global CRISPR technology market is segmented by product & service, application, and end-user
• Based on product & service the market is segmented by CRISPR Products and CRISPR Services. Further, CRISPR Products are divided into CRISPR enzymes, CRISPR libraries, CRISPR kits and among others. CRISPR Products segment accounted for the major market share and expected to grow at the fastest growth rate
• On the bases of region, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America accounted for the lion share aimed to the presence of major manufacturers, increasing adoption of technological advancement, and among others
• Top players that account for the major share include Agilent Technologies, Thermo Fisher Scientific, Merck KGaA and among others

Global CRISPR Technology Market: Key Market Dynamics

• CRISPR Technology is majorly being used for screening, personalized medicine and among others.  The increasing application areas of CRISPR technology is fueling the growth of the market
• The rising availability of government and private funding, and increasing research & development    is further influencing the growth of the market
• However, off-target activity & the presence of alternative technologies, and high costs of using crispr technology are hindering the growth of the market

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Global CRISPR Technology Market: Regional Overview

On the basis of region, the market is divided into the Americas, Europe, Asia Pacific, Middle East & Africa. North America accounted for the major market share owing to the presence of major manufacturers, increasing technological advancements, presence of major players, increasing investment in research and development.  However, Asia Pacific is projected to grow at the fastest growth rate aimed at rising investment by key manufacturers in the region and others.

Global CRISPR Technology Market: Key Players

Some of the key players operating in the market include Agilent Technologies, Cellecta, Inc., GeneCopoeia, Inc., GenScript, Horizon Discovery Group, Integrated DNA Technologies (IDT), Merck KGaA, New England Biolabs, Origene Technologies, Inc., Synthego Corporation, Thermo Fisher Scientific, Toolgen, Inc. and among others.

Global CRISPR Technology Market: Key Developments

• In February 2021, Mammoth Biosciences along with Agilent expected to deliver CRISPR-based coronavirus tests

• In June 2019, Cellecta, Inc. Launches the First Commercially Available Dual-sgRNA Libraries for CRISPRa and CRISPRi Genetic Screens

• In April 2019, GenScript Launches Single-stranded DNA Service for CRISPR-based Gene Editing

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