(MENAFN - GetNews) Thermo Fisher Is One Of The Largest Players In The CRISPR Technology Market, According To The Business Research Company's CRISPR Technology Global Market Report 2020-30: Covid 19 Growth And Change
(Companies Covered: Thermo Fisher Scientific, GenScript Biotech Corporation, CRISPR Therapeutics AG, Editas Medicine, Horizon Discovery Plc., Integrated DNA Technologies Inc. (Danaher), Origene Technologies Inc)
The global CRISPR technology market is expected to increase from $0.76 billion in 2019 to $0.92 billion in 2020 at a compound annual growth rate of 20.91%. The exponential growth is mainly due to the COVID-19 outbreak that has led to the research for drugs for COVID-19 with gene-editing using CRISPR technology. The market is expected to reach $1.55 billion in 2023 at a compound annual growth rate of 19.13%.
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The CRISPR technology market consists of sales of CRISPR technology products and services which is a gene-editing technology that allows researchers to alter DNA sequences and modify gene function. The revenue generated by the market includes the sales of products such as design tools, plasmid & vector, Cas9 & gRNA, libraries & delivery system products and services that include design & vector construction, screening and cell line engineering.
Global CRISPR Technology Market Segmentation
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, Others.
3) By End-User: Industrial Biotech, Biological Research, Agricultural Research, Therapeutics And Drug Discovery.
Global CRISPR Technology Market Driver
Stringent government regulations are expected to retard the growth of the CRISPR technology market during the period. There is no existence of internationally agreed regulatory framework for gene editing products and countries are in the process of evaluating whether and to what extent current regulations are adequate for research conducted with gene editing and applications and products related to gene editing.
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Few Points From The Global CRISPR Technology Market TOC
1. Executive Summary
2. CRISPR Technology Market Characteristics
3. CRISPR Technology Market Size And Growth
3.1. Global CRISPR Technology Historic Market, 2015 - 2019, $ Billion
4. CRISPR Technology Market Segmentation
4.1. Global CRISPR Technology Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. CRISPR Technology Market Regional And Country Analysis
5.1. Global CRISPR Technology Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific CRISPR Technology Market
6.1. Asia-Pacific CRISPR Technology Market Overview
7. China CRISPR Technology Market
7.1. China CRISPR Technology Market Overview
8. India CRISPR Technology Market
8.1. India CRISPR Technology Market Overview
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