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Global CRISPR Technology Market Future Outlook, Trends And Forecast To 2033

Global CRISPR Technology Market Future Outlook, Trends And Forecast To 2033

The CRISPR Technology by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In recent years, the CRISPR technology market, as reported by The Business Research Company, has witnessed an extraordinary surge, exhibiting exponential growth. Projected to ascend from $1.64 billion in 2024 to $2.04 billion in the same year, the compound annual growth rate (CAGR) stands impressively at 24.1%. This notable expansion during the historical period can be ascribed to increased funding and augmented expenditure in pharmaceutical research and development.

Anticipating an even more remarkable trajectory, the CRISPR technology market is poised for substantial expansion, reaching $4.65 billion by 2028, with a CAGR of 22.9%. This surge is underpinned by escalating demand for gene therapeutics, continuous technological advancements in genome editing, a growing need for drug discovery, heightened utilization of CRISPR in diagnostics, burgeoning demand in agriculture applications, and an uptick in the adoption of CRISPR technologies. Noteworthy trends in the forecast period include the development of innovative next-generation technology, enhanced CRISPR technologies for superior results in new drug developments, leveraging AI to boost the efficiency and accuracy of gene editing with CRISPR, investing in novel approaches like IDMSEQ to enhance precision, forging strategic collaborations, and providing license agreements to biotechnology and pharmaceutical entities.

The application of CRISPR technology as a diagnostic tool is expected to boost the market during the period. The Sherlock CRISPR SARS-CoV-2 kit is the first diagnostic kit based on CRISPR technology for infectious diseases caused due to COVID-19. In February 2021, FDA announced the emergency use authorization to the Sherlock BioSciences Inc’s Sherlock CRISPR SARS-CoV-2 kit which is a CRISPR-based SHERLOCK (Specific High-sensitivity Enzymatic Reporter unLOCKing) diagnostic test. This test helps in specifically targeting RNA or DNA sequences of the SARS-CoV-2 virus from specimens or samples such as nasal swabs from the upper respiratory tract and fluid in the lungs from bronchoalveolar lavage specimens. This diagnostic kit has high specificity and sensitivity and does not provide false negative or positive results. Widening the application of CRISPR technology for the diagnosis of infectious diseases will increase the demand for CRISPR technology products and services.

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The crispr technology market covered in this report is segmented –

1) By Product Type: Design Tools, Plasmid And Vector, Cas9 And G-RNA, Delivery System Products

2) By Application: Biomedical, Agriculture, Diagnostics, Other Applications

3) By End-User: Academic Research Organizations, Biopharmaceutical Companies, Agricultural Biotechnology Companies, Contract Research Organizations (CROs)

In this dynamic landscape, key players in the CRISPR technology market are channeling their efforts into crafting pioneering solutions, exemplified by the introduction of dedicated CRISPR products. QIAGEN NV, a Germany-based sample and assay technology provider, exemplifies this trend with the launch of the QIAprep&amp CRISPR Kit and CRISPR Q-Primer Solutions in June 2021. These products, meticulously designed as all-in-one, sensitive methods, demonstrate exceptional efficacy in identifying knock-ins from minute insertions during gene editing and knockouts resulting from guide RNA (gRNA). Employing the Sanger method of DNA sequencing coupled with downstream PCR detection, these kits and solutions integrate liquid-based sample preparation, marking a significant stride in the CRISPR technology landscape.

The crispr technology market report table of contents includes:

1. Executive Summary

2. CRISPR Technology Market Characteristics

3. CRISPR Technology Market Trends And Strategies

4. CRISPR Technology Market - Macro Economic Scenario

5. Global CRISPR Technology Market Size and Growth


32. Global CRISPR Technology Market Competitive Benchmarking

33. Global CRISPR Technology Market Competitive Dashboard

34. Key Mergers And Acquisitions In The CRISPR Technology Market

35. CRISPR Technology Market Future Outlook and Potential Analysis

36. Appendix

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