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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Competitive Analysis:
Some of the key players in the CRISPR and Cas Gene Market 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.
Some of the recent developments of key CRISPR and Cas Gene providers are as follows:
- In December 2020, Intellia Therapeutics, Inc. released preclinical data for NTLA-5001, the company’s wholly-owned Wilms’ Tumor 1-directed TCR-T cell therapy candidate for the treatment of acute myeloid leukemia.
- In August 2020, Editas Medicine stated that it has reclaimed complete ownership of a set of investigational CRISPR-based gene editing medicines for eye illnesses from AbbVie Inc.
- In May 2020, Sherlock Biosciences reported that the United States Food and Drug Administration (FDA) had granted Emergency Use Authorization for their Sherlock CRISPR SARS-CoV-2 kit, which is designed to identify the virus that causes COVID-19.
Similarly, recent developments related to the company’s CRISPR and Cas Gene services have been tracked by the team at Future Market Insights, which are available in the full report.
Key Companies Profiled:
- 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
- ALPHASTAR
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)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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