CRISPR Technology Market - By Product Type (Cas9 And GRNA, Design Tools, Plasmid And Vector, Other Delivery System Products), By End-User (Academic Research Organizations, Biopharmaceutical Companies, Agricultural Biotechnology Companies, Contract Research Organizations (CROs), By Application (Biomedical, Agriculture, Diagnostics And Others), And By Region, Opportunities And Strategies - Global Forecast To 2030 By The Business Research Company
The global CRISPR technology market reached a value of nearly $685.5 million in 2019, having increased at a compound annual growth rate (CAGR) of 35.0% since 2015. The market is expected to grow from $685.5 million in 2019 to $1,654.2 million in 2020 at a rate of 24.6%. It is expected to reach $2,569.8 million in 2023, and $6,703.7 million in 2030.
The Key drivers of the crispr technology market include:-
Rising focus on gene therapeutics will contribute to the growth of the market for CRISPR technology. Globally there has been a growing focus on gene therapeutics due to several factors including increasing prevalence of various genetic disorders such as hemophilia, and thalassemia.
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CRISPR Technology Market Segmentation:-
By Product Type
1. Cas9 And gRNA
2. Design Tools
3. Plasmid And Vector
4. Other Delivery System Products
The Cas9 And gRNA market was the largest segment of the CRISPR technology market segmented by product type, accounting for 76.4% of the total in 2019. Going forward, the design tool segment is expected to be the fastest growing segment in the CRISPR technology market, at a CAGR of 29.7% during 2019-2023.
1. Academic Research Organizations
2. Biopharmaceutical Companies
3. Agricultural Biotechnology Companies
4. Contract Research Organizations (CROs)
The biopharmaceutical companies market was the largest segment of the CRISPR technology market segmented by end-user, accounting for 55.0% of the total in 2019. Going forward, it is also expected to be the fastest-growing segment in the CRISPR technology market segmented by end-user, at a CAGR of 26.0% during 2019-2023.
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By Geography - The crispr technology market is segmented In to
Some of the major key players involved in the crispr technology market are
1. Crispr Therapeutics
2. Thermo Fisher Scientific
3. Intellia Therapeutics
4. Horizon Discovery
5. Synthego Corporation
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