The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest CRISPR technology market share.

The global CRISPR technology market is expected to grow from $1.33 billion in 2022 to $1.65 billion in 2023 at a compound annual growth rate (CAGR) of 24.6%. The global CRISPR technology market size is expected to grow to $3.77 billion in 2027 at a CAGR of 22.9%.

Major Driver In The CRISPR Technology Market ­– Rise In Application Of CRISPR Technology As A Diagnostic Tool
The FDA granted emergency use authorisation to Sherlock BioSciences Inc’s Sherlock CRISPR SARS-CoV-2 kit, a CRISPR-based SHERLOCK (Specific High-sensitivity Enzymatic Reporter unLOCKing) diagnostic test, in May 2020. This test aids in the identification of SARS-CoV-2 virus RNA or DNA sequences 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 a high specificity and sensitivity and produces no false negative or positive results. The increased use of CRISPR technology for infectious disease detection will enhance demand for CRISPR technology products and services.

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Key CRISPR Technology Market Segments
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, Other Applications
3) By End-User: Industrial Biotech, Biological Research, Agricultural Research, Therapeutics And Drug Discovery

Recent CRISPR Technology Market Trend – Technological Advancement
Technology advancements will aid in reducing errors, limiting unexpected consequences, boosting tool accuracy, broadening its uses, generating gene therapies, and more. A paper published in Springer Nature in 2020 reported that researchers employed enzyme engineering to improve the accuracy of the error-prone CRISPR-Cas9 system to accurately target DNA without generating as many undesired mutations. CRISPR technology developments will result in better tools capable of producing better results.

CRISPR Technology Market Prominent Players
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.

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The CRISPR Technology Global Market Report 2023  provides a comprehensive overview on the CRISPR technology market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

CRISPR is a gene-editing tool that enables scientists to change DNA sequences and affect gene function. It is beneficial in gene editing.

View More Related Reports –
Technology Advisory Global Market Report 2023
Plant Breeding And CRISPR Plants Global Market Report 2023
Genome Editing/Genome Engineering Global Market Report 2023

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