CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) gene editing is a revolutionary new technology that allows scientists to precisely modify genes in living organisms. This technology has the potential to revolutionize the field of medicine and provide new treatments for a range of diseases and medical conditions, including genetic disorders, cancer, and infectious diseases. The market for CRISPR gene editing is growing rapidly, driven by the increasing demand for new and effective treatments for various diseases and conditions, as well as the growing interest in precision medicine and personalized treatments. The market is also being driven by advancements in the technology itself, which are making it increasingly accessible and cost-effective for researchers and companies to use.

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The CRISPR gene editing market is expected to grow at a steady rate of around 18% owing to the growing need for novel therapeutics. The CRISPR gene editing market is highly competitive, with many established players and new entrants. Key players in the market include Editas Medicine, CRISPR Therapeutics, Intellia Therapeutics, and Caribou Biosciences. These companies offer a range of CRISPR gene editing products and services, including research and development, clinical trials, and commercialization. For instance, in October 2020, CRISPR Therapeutics announced the launch of a new gene-editing program for the treatment of inherited retinal diseases (IRDs). The program aims to use CRISPR-Cas9 gene editing to target and correct mutations in the genes responsible for IRDs, which can cause blindness.

According to UnivDatos Market Insights (UMI)’ research report “Global CRISPR Gene Editing Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due increasing availability of nutrient-rich foods because of innovations in breeding technology being incorporated into agricultural production.

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Based on product type, the market is segmented into CRISPR products and CRISPR services. Among these, the CRISPR products category is to witness higher CAGR during the forecast period owing to the rising demand for genetic engineering technologies, and the development of many cutting-edge technologies, including CRISPR gene editing kits. Additionally, the availability of enhanced individual products that can be used to achieve a variety of goals, such as sim pler gene knockouts, selective genome cleavage, less off-target cutting, genome engineering, and higher specificity, is accountable for the growth of this segment.

Based on the application, the market is categorized into agricultural, biomedical (gene therapy, drug discovery, and diagnostics), industrial, and others. Among these, the biomedical category held a significant share of the market in 2021. The biomedical industry has been one of the earliest adopters of CRISPR gene editing technology. This is because of the high potential to revolutionize the treatment of genetic disorders and diseases. Furthermore, growing investment in research and development in CRISPR gene editing technology, early adoption, and strict regulatory standards has made the biomedical category a key driver in the growth of the segment.

North America to witness extensive growth

For a better understanding of the market adoption of the CRISPR gene editing industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the presence of a well-developed healthcare infrastructure and a highly skilled workforce, providing a conducive environment for the development and commercialization of CRISPR gene editing technology. The region's strong research ecosystem, including many renowned academic and research institutions, also contributes to the growth of the CRISPR gene editing market in North America.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the CRISPR gene editing market are CRISPR Therapeutics; Thermo Fisher Scientific Inc.; Synthego; System Biosciences, LLC; ToolGen, Inc.; Agilent Technologies, Inc.; Merck KGaA; Applied StemCell; GeneCopoeia, Inc.; Cellecta, Inc.

“Global CRISPR Gene Editing Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1. By Product Type (CRISPR Products and CRISPR Services)
2. By Application (Agricultural, Biomedical (Gene Therapy, Drug Discovery, And Diagnostics), Industrial, and Others)
3. By End-User (Academic Institutes & Research Centres, Biotechnology Companies, Contract Research Organizations (CROs), Pharmaceutical & Biopharmaceutical Companies)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (CRISPR Therapeutics; Thermo Fisher Scientific Inc.; Synthego; System Biosciences, LLC; ToolGen, Inc.; Agilent Technologies, Inc.; Merck KGaA; Applied StemCell; GeneCopoeia, Inc.; Cellecta, Inc.)

Key questions answered in the study:

1. What are the current and future trends of the global CRISPR gene editing industry?
2. How the industry has been evolving in terms of product type, application, and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global CRISPR gene editing industry?
5. What is the customer orientation, purchase behavior, and expectations from the global CRISPR gene editing suppliers across various region and countries?