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Global CRISPR Technology Market Outlook, Opportunities And Strategies

November 24, 2021 by The Business Research Company

Learn about the global CRISPR technology market through The Business Research Company, which provides information on CRISPR technology market size, CRISPR technology market drivers and restraints, CRISPR technology market players, the COVID-19 impact on the CRISPR technology market, and more.

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The global CRISPR technology market is expected to grow from $0.8 billion in 2020 to $0.95 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The CRISPR technology market is expected to reach $2.22 billion in 2025 at a CAGR of 24%.

The application of CRISPR technology as a diagnostic tool is expected to drive innovation in CRISPR technology, thus driving the market during the forecast period.

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The CRISPR technology market consists of sales of CRISPR technology products and services which is a gene-editing technology that allows researchers to alter DNA sequences and modify gene function. The revenue generated by the market includes the sales of products such as design tools, plasmid & vector, Cas9 & gRNA, libraries & delivery system products and services that include design & vector construction, screening and cell line engineering.

Global CRISPR technology market segments include:

By Product Type: Design Tools, Plasmid And Vector, Cas9 And G-RNA, Delivery System Products

By Application: Genome Editing/ Genetic Engineering, Genetically Modified Organisms, Agricultural Biotechnology, Others

By End-User: Industrial Biotech, Biological Research, Agricultural Research, Therapeutics And Drug Discovery

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Several advancements in CRISPR technology are trending in the market during the period. Advancements in technology will help in reducing errors, limiting unintended effects, improving the accuracy of the tool, widening its applications, developing gene therapies and more.

TBRC’s CRISPR technology market report covers:

Major Market Players: Thermo Fisher Scientific, GenScript Biotech Corporation, CRISPR Therapeutics AG, Editas Medicine, Horizon Discovery Plc., Integrated DNA Technologies, Inc. (Danaher), Origene Technologies, Inc., Transposagenbio Biopharmaceuticals (Hera Biolabs), Intellia Therapeutics Inc., and GeneCopoeia Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The CRISPR Technology Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides CRISPR technology market overviews, analyzes and forecasts market size, share, CRISPR technology market players, CRISPR technology market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s CRISPR technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Gene Editing Global Market Report 2021

Cell And Gene Therapy Global Market Report 2021

Gene Therapy Global Market Report 2021

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