According to Future Market Insights’ newly released CRISPR and Cas Gene Market analysis report, global sales of CRISPR and Cas Gene Market in 2021 were held at US$ 1.8 Billion. The projected market growth of 30.2% between 2023 and 2033 is expected to be significantly higher than the historical growth. Biomedical is expected to be the highest revenue-generating segment, with a CAGR of more than 30.5% between 2023 and 2033.
FMI, in its business report, elaborates on the historical and current scenario of the global CRISPR and Cas Gene Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the CRISPR and Cas Gene market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
| Attribute | Details |
| Global CRISPR and Cas Genes Market (2023) | US$ 2.4 Billion |
| Global CRISPR and Cas Genes Market (2033) | US$ 32.9 Billion |
| Global CRISPR and Cas Genes Market CAGR (2023 to 2033) | 30.2% |
| USA and Cas Genes Market CAGR (2023 to 2033) | 28.5% |
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COVID-19 Impact Analysis on CRISPR and Cas Gene Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the CRISPR and Cas Gene market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the CRISPR and Cas Gene market.
Following government’s 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 preliminary impact of the COVID-19 on the CRISPR and Cas Gene market. 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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CRISPR and Cas Gene Market: Segmentation
Valuable information covered in the FMI’s CRISPR and Cas Gene market report has been segregated into key segments and sub-segments.
By Product Type:
- Kits & Enzymes
- Libraries
- Design Tool
- Antibodies
- Other products
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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)
CRISPR and Cas Gene Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the CRISPR and Cas Gene market. Competitive information detailed in the 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 market 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
Important Questions Answered in the CRISPR and Cas Gene Market 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 market look like by the end of the forecast period?
- What innovative strategies are adopted by 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 market?
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 market
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 areas such as 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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