The United States is predicted to dominate the CRISPR and Cas Gene Industry, reaching a staggering US$9.4 billion by 2033 according to Future Market Insights (FMI). This dominance can be attributed to several key factors that position the US as a prime market for this revolutionary technology.
Future Market Insights (FMI) reports that the global CRISPR and CAS gene industry will generate US$1.8 billion in sales by 2021. The sector is currently poised for unprecedented expansion, with predictions showing a Compound Annual expansion Rate (CAGR) of 30.2% between 2023 and 2033, outpacing previous growth rates.
A key highlight of this projected growth is the biomedical sector, set to emerge as the leading revenue generator. FMI predicts a robust CAGR exceeding 30.5% within the period from 2023 to 2033, signifying a substantial opportunity for stakeholders in the CRISPR and Cas Gene market.
In its comprehensive business report, Future Market Insights meticulously examines the historical and current landscape of the global CRISPR and Cas Gene Industry. The report delves into crucial aspects such as production, consumption, volume, and value, providing valuable insights into the market’s dynamics. The market analysis further dissects the industry across diverse segments, geographical regions, and key players, rooted in demand patterns and growth opportunities.
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COVID-19 Impact Analysis on USA CRISPR and Cas Gene Industry
The recent outbreak of 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 several COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the CRISPR and Cas Gene industry.
Following government 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 the preliminary impact of 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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USA CRISPR and Cas Gene Industry: Segmentation
Valuable information covered in 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
- 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)
USA CRISPR and Cas Gene Industry: Competition Analysis
The FMI’s study comprehensively analyzes 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
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Important Questions Answered in the USA CRISPR and Cas Gene Industry 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
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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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