The CRISPR technology market report from The Business Research Company covers growth-driving insights such as CRISPR technology market size, CRISPR technology market trends and drivers, CRISPR technology market segmentation, CRISPR technology market competitive landscape and more

The CRISPR technology market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 23%, as per The Business Research Company’s market report!

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The CRISPR Technology Market Size In 2022 And Forecast

The global CRISPR technology market is expected to grow from $1064.91 million in 2021 to $1327.27 million in 2022 at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The CRISPR technology market is expected to reach $3112.26 million in 2026 at a CAGR of 23.7%.

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.

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The Application Of CRISPR Technology As A Diagnostic Tool Is Driving The Growth Of The CRISPR Technology Market

In May 2020, FDA announced the emergency use authorization to the Sherlock BioSciences Inc’s Sherlock CRISPR SARS-CoV-2 kit which is a CRISPR-based SHERLOCK (Specific High-sensitivity Enzymatic Reporter unLOCKing) diagnostic test. This test helps in specifically targeting RNA or DNA sequences of the SARS-CoV-2 virus from specimens or samples such as nasal swabs from the upper respiratory tract and fluid in the lungs from bronchoalveolar lavage specimens. This diagnostic kit has high specificity and sensitivity and does not provide false negative or positive results. Widening the application of CRISPR technology for the diagnosis of infectious diseases will increase the demand for CRISPR technology products and services.

Competitive Landscape And The Regional Analysis Of The CRISPR Technology Market

Major players in the CRISPR technology market are 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.

The CRISPR Technology Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the CRISPR technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the CRISPR technology market.

Technological Advancements – A Key Trend In The CRISPR Technology Market

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.

CRISPR Technology Market Segmentation By The Business Research Company

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

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

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

Here Are Some Reports Related To The CRISPR Technology Market –

Gene Therapy Global Market Report 2022

Gene Editing Global Market Report 2022

Cell And Gene Therapy Global Market Report 2022

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