PUBLISHER: Orion Market Research | PRODUCT CODE: 1078110
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078110
Title:
Global CRISPR
Market Size, Share & Trends Analysis Report by Application (Cell Line Engineering, CRISPR Plasmid, Gene Database/Gene Library, Genetic Engineering, Genetically Modified Organism or Crops, Genome Editing, and Human Stem Cells), and by End-Users (Academic Institutes, Biotechnology Companies, Pharmaceuticals Companies, and Research and Development Institutes) Forecast Period (2022-2028).
The global CRISPR market is anticipated to grow at a substantial CAGR of 36.8 % during the forecast period. The growing age-related disorders, increasing prevalence of lifestyle-oriented diseases and fatalities, and growing drug discovery market are also expected to be the key factors that are driving the growth of the market. However, there are certain factors that are hampering the growth of the market. Patent infringement and ethical issues associated with the misuse of CRISPR gene editing tools are estimated to hamper the growth of the market.
The global CRISPR market is segmented based on the application and end-user. Based on the application, the market is segmented intocell line engineering, CRISPR plasmid, gene database/gene library, genetic engineering, genetically modified organism or crops, genome editing, and human stem cells. Based on the end-user, the market is sub-segmented into academic institutes, biotechnology companies, pharmaceutical companies, and research and development institutes. The above-mentioned segments can be customized as per the requirements.Among application segments, the CRISPR plasmid is expected to hold a prominent share in the market over the forecast period. The CRISPR-Cas9 system offers over other mutagenic techniques like ZFN and TALEN is the relative simplicity of its plasmid design and construction, which supports the segment growth positively during the forecast period.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a significant share in the market during the forecast period. Several advancements in CRISPR technology by players in the region are propelling the growth of the market. The 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.
The major companies serving the global CRISPR market include: Caribou Bioscience Inc., Cellectis SA, Crispr Therapeutics AG, Editas Medicine, Inc., Genscript Biotech Corp., Horizon Discovery Ltd., Lonza Group Ltd., Merck KGaA, Darmstadt, Origene Technologies, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2020, CRISPR-edited immune cells can survive and thrive after infusion into cancer patients. The team showed cells removed from patients and brought back into the lab setting were able to kill cancer months after their original manufacturing and infusion. Further analysis of these cells confirmed they were successfully edited in three specific ways, marking the first-ever sanctioned investigational use of multiple edits to the human genome.
The market study of the global CRISPR market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.