The global CRISPR and Cas gene editing Market is expected to generate US$ 1.8 billion in sales by 2021. The anticipated market growth between 2023 and 2033, at 30.2%, is anticipated to be substantially more than the growth observed historically. The biomedical sector is anticipated to generate the most income, with a compound annual growth rate (CAGR) of more than 30.5% between 2023 and 2033.
The industry, which generated US$1.8 billion in sales in 2021, is expected to experience significant expansion across various sectors. However, the biomedical sector is projected to be the frontrunner, boasting a robust CAGR exceeding 30.5% during the same timeframe. This dominance reflects the immense potential of CRISPR-Cas gene editing in developing cures and treatments for a wide range of diseases.
In this extensive business analysis, Future Market Insights carefully looks at the production, consumption, volume, and value of the global CRISPR and Cas Gene Industry both historically and now. Based on demand trends and growth prospects, the research carefully analyzes the market across several categories, key players, and geographic areas.
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COVID-19 Impact Analysis on CRISPR and Cas Gene Industry
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Global CRISPR and Cas Gene market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the CRISPR and Cas Gene industry.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the CRISPR and Cas Gene industry. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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CRISPR and Cas Gene Industryt: Segmentation
Valuable information covered in the FMI’s Global CRISPR and Cas Gene market report has been segregated into key segments and sub-segments.
By Product Type:
- Kits & Enzymes
- Libraries
- Design Tool
- Antibodies
- Other products
By Service Type:
- Cell Line Engineering
- gRNA design
- Microbial Gene Editing
- DNA Synthesis
By Application:
- Clinical
- Financial
- Operational & Administrative
By End Use:
- Biotechnology & Pharmaceutical Companies
- Academics & Government Research Institutes
- Contract Research Organizations (CROs)
CRISPR and Cas Gene Industry: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the CRISPR and Cas Gene industry. Competitive information detailed in the Global CRISPR and Cas Gene market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the CRISPR and Cas Gene industry report.
Key players covered in the report include:
AstraZeneca plc, Addgene, Caribou Biosciences, Inc., Cellectis, CRISPR Therapeutics, Editas Medicine, Inc., 23andMe, Inc., Color Genomics, Inc., Myriad Genetics, Inc., F. Hoffmann-La Roche AG, Bio-Rad Laboratories, Inc., Quest Diagnostics, Air Methods, and ALPHASTAR
Important Questions Answered in the CRISPR and Cas Gene Industryt Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global CRISPR and Cas Gene market been expanding during the forecast period?
- How will the global CRISPR and Cas Gene industry look like by the end of the forecast period?
- What innovative strategies are adopted by Global CRISPR and Cas Gene market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global CRISPR and Cas Gene industry?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the CRISPR and Cas Gene industry
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