Selbyville, Delaware According to the research report titled ‘Global Crispr Market 2019-2028’, available with Market Study Report LLC, global CRISPR market is anticipated to record a compound annual growth rate of 23.95% through 2028.
Increasing occurrence of genetic diseases, rising use of drugs, and mounting prevalence of lifestyle related ailments are primary drivers for the growth of global CRISPR market. Also, growing geriatric populace who are susceptible to health conditions, in consort with innovations in gene-based therapy will generate revenues for the market.
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However, morals & ethics linked with the CRISPR technology, and unstable regulatory environment are the major restraints in the market sphere. Besides, availability of substitutes, along with lack of cognizance for this technology will act as barriers for global CRISPR market.
Based on product terrain, the marketplace is divided into plasmids, vectors, proteins (CPF 1, CAS 9, others), design tools, gRNA, control kits, library, and others. As per application scope, worldwide CRISPR industry is classified into genome editing/genetic engineering, GRNA database/gene library (agricultural biotechnology, genetically modified organisms, others), CRISPR plasmid, human stem cells, gRNA database/genetic engineering, and cell line engineering. While end-users range include therapeutics & drug discovery, biological research, agricultural biotech, and industrial biotech.
Moving on regional outlook, global CRISPR market space is scrutinized for geographies like Europe, North America, Asia-Pacific, Latin America, and Middle East & Africa.
The report mentions cites that Asia-Pacific is likely to take over the global CRISPR market growth trajectory over 2019-2028. The regional growth is credited to advancing technology, and awareness about wide ranging applications of CRISPR technology in India and China.
Key contenders in global CRISPR market include Addgene, DiaCarta Inc., Applied StemCell Inc., Caribou Biosciences Inc., Cellectis S.A., CRISPR Therapeutics AG, Editas Medicine, GeneCopoeia Inc., Genedata, GenScript Biotech, Transposagen Biopharmaceuticals Inc., Thermo Fisher Scientific Inc., Integrated DNA Technologies Inc., Intellia Therapeutics, Sigma-Aldrich (Merck KGaA), Lonza Group AG, New England Biolabs, OriGene Technologies Inc., Precision BioSciences Inc., Sangamo Therapeutics Inc., and Horizon Discovery Group plc.
Question & Answer: GLOBAL CRISPR MARKET
Question 1: What are the catalysts for the growth of global CRISPR market?
Answer: Increasing occurrence of genetic diseases, rising use of drugs, and mounting prevalence of lifestyle related ailments, along with growing geriatric populace are propelling the growth of global CRISPR market.
Question 2: How is the competitive dashboard of worldwide CRISPR industry formulated?
Answer: The major competitors in global CRISPR marketplace include Addgene, Applied StemCell Inc., Caribou Biosciences Inc., Cellectis S.A., CRISPR Therapeutics AG, DiaCarta Inc., Editas Medicine, and GeneCopoeia Inc. among others.
Question 3: How Asia Pacific generate revenues for worldwide CRISPR industry?
Answer: Asia-Pacific is likely to take over the global CRISPR market growth trajectory over 2019-2028, owing to advancing technology, and awareness about wide ranging applications of CRISPR technology in India and China
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