Market Industry Reports (MIR) has published a new report titled “CRISPR Technology Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global CRISPR technology market was valued at over US$ 550.0 Mn in 2017 and is anticipated to grow at a CAGR of 24.0% from 2019 to 2030.
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CRISPR Technology is relatively new technology used in genome editing or gene editing; CRISPR-CAS-9 is cluster of palindromic repeats and is found naturally in bacteria. These sequence enable the bacteria to protection them from virus by producing RNA segment or enzyme that cleaves the virus DNA and deactivates the virus. This ability of CRISPR-CAS9 has allowed scientist to make DNA and RNA libraries as per their need and applications. CRISPR-CAS9 technology have potential applications in the field of treating human diseases, creating gene libraries, and manipulating cell functions like metabolism.
The global CRISPR technology market is driven by growing focus of market players in CRISPR-CAS9 technology, availability of government and private funding and rising incidences related to genetic disorders are major factors driving the market. However, ethical issue, stringent regulatory policy and lack of skilled professionals are likely to restrain the market to certain extent.
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CRISPR Technology Market by Product & Services
On the basis of product, the CRISPR technology market is segmented into CRISPR Kits, Enzymes and Services. The CRISPR services are further sub-segmented into design & vector construction, cell line engineering, screening services and other services.
CRISPR Technology Market by Application
Based on application, the market is segmented into biological & biomedical applications, agricultural applications, industrial applications and other applications.
CRISPR Technology Market by End User
On the basis of end user, the CRISPR technology market is segmented into academic institutes & research centers, contract research organizations (CROs), pharmaceutical and biotechnology companies and other end users.
Some Key Points from TOC :
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottoms Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecasting Model
- Limitations of the Study
- Assumptions of the Study
- Global CRISPR Technology Market – Analysis & Forecast, By Product & Services
- Introduction & Definition
- CRISPR Kits
- CRISPR Enzymes
- CRISPR Services
- Design & Vector Construction
- Cell Line Engineering
- Screening Services
- Other Services
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This post was originally published on Denton Chronicle