CRISPR Technology market Stand Out as the Biggest Contributor to Global Growth 2019 – 2030
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 expected to grow at a double digit CAGR during the forecasted period.
The prominent players in the global CRISPR Technology market are Thermo Fisher Scientific, Inc., GenScript, Merck KGaA, GeneCopoeia, Inc., Integrated DNA Technologies, Inc., Transposagen Biopharmaceuticals, Inc., OriGene Technologies, Inc., New England Biolabs, Agilent Technologies, and Applied StemCell, Inc., among others.
Request for PDF sample copy of CRISPR Technology Market report at: https://www.marketindustryreports.com/pdf/6 CRISPR or clustered regularly interspaced short palindromic repeats as it is called are a family of DNA sequences found within the genomes of prokaryotic organisms such as bacteria and archaea. These DNA sequences are derived from viruses that have previously infected the prokaryotic and are now being used to detect and destroy DNA from viruses during subsequent infections. The main component of CRISPR is an enzyme called Cas9 that is used as a guide to recognize and leave specific strands of DNA that are complementary to the CRISPR sequence. Cas9 combined with the CRISPR from the basis of technology known as CRISPR/Cas9 which is used to edit genes within organisms. The CRISPR market is on a high growth rate due to various factors such as growing applications of genome editing, availability of government and private funding and the technological developments in the CRISPR/Cas9 methodology. However lack of skilled professionals and stringent regulatory norms regarding studies for the technology hinder the CRISPR market to some extent. On the basis of geographic representation and use of technology, the CRISPR technology market is segmented into the regions of North America, Europe, Asia-Pacific regions and the Rest of the World (RoW). The North American market dominates as the largest share in the CRISPR technology market due to their growing research and advancements in the CRISPR technology space. However it should be noted that the Asia-Pacific regions are expected to have the highest CAGR with the primary growth areas expected to be China, India and Japan. Growing government support and increasing public awareness about CRISPR technology are some factors for the growth spike in the following areas.
