CRISPR/CAS 9 Technology Market has recently added a report Forecast to 2027 to its repository, which comprises of data relating to the market size, share, value, and volume, production processes, revenue generation, the regional analysis of the business vertical, along with the outcomes of analytical tools including, SWOT analysis and Porter’s Five Forces analysis. The report highlights the growth opportunities and challenges that industry players might encounter in the forecast years, along with an elaborate competitive landscape and expansion strategies adopted by the companies functioning in the Keyword Market.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and future impact assessment of the pandemic on the CRISPR/CAS 9 Technology industry. Hence, the vital COVID-19 insights offered by the report are expected to help organizations manage their businesses effectively in extreme economic uncertainties.
Some major players in the market include Boston Merck KGaA, AstraZeneca PLC, GenScript, eGenesis, Caribou Biosciences, Inc., Horizon Discovery Group plc, Lonza, Thermo Fisher Scientific, Inc., Hera BioLabs, and Takara Bio Inc.
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Novel treatment for single-gene disorders such as hemophilia, cystic fibrosis, and sickle cell disease are being researched using CAS 9 tools. The technique is useful in prevention and cure of complex conditions such as heart diseases, cancer, HIV (Human Immunodeficiency Virus), and mental illness. With increase in research and development in technology, its potential can be explored in new areas of disease model development, target screening and drug compound, and agriculture and nutritional health products.However, ethical concerns regarding genetic research will hinder growth of the market to a major extent. Possibility of off-target effects and lack of informed consent for germline therapy is hampering market growth.
The technique is useful in prevention and cure of complex conditions such as heart diseases, cancer, HIV (Human Immunodeficiency Virus), and mental illness. With increase in research and development in technology, its potential can be explored in new areas of disease model development, target screening and drug compound, and agriculture and nutritional health products.
Academics & government research institutes segment revenue is expected to expand at a rapid rate during the forecast period due to high number of ongoing pipeline projects. Increased investment by government and private sectors to develop more advanced technologies for treatment of chronic diseases is further driving revenue growth of this segment.
North America accounted for largest revenue share in 2020 due to increased government investment in development of innovative solutions to treat genetic diseases. Crops treated with CRISPR in countries in the region are not classified as GMOs (Genetically modified organisms), which further attract several agricultural companies to commercialize CRISPR-edited crops.
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Exhaustive coverage of the COVID-19 impact on the ACRISPR/CAS 9 Technology industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the ACRISPR/CAS 9 Technology market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the ACRISPR/CAS 9 Technology industry.
Emergen Research has segmented the global CRISPR/CAS 9 Technology market on the basis of product & service, application, end-use, and region:
Product & Service Outlook (Revenue, USD Million; 2018–2028)
- By Product
- Kits & Enzymes
- Vector-based Cas
- DNA-free Cas
- Design Tool
- Kits & Enzymes
- By Service
- Cell Line Engineering
- gRNA Design
- Microbial Gene Editing
- DNA Synthesis
Application Outlook (Revenue, USD Million; 2018–2028)
- Genome Engineering
- Disease Model Studies
- Functional Genomics
End-use Outlook (Revenue, USD Million; 2018–2028)
- Biotechnology & Pharmaceutical Companies
- Contract Research Organizations (CROs)
- Academics & Government Research Institutes
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest Of MEA
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global ACRISPR/CAS 9 Technology market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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