CRISPR Technology Market Future Challenges, Growth Outlook 2021 And Size

Posted by Meghana on May 21st, 2021

The CRISPR Technology Global Market Report 2020-30 by The Business Research Company describes and explains the global CRISPR technology market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

The CRISPR Technology Global Market Opportunities And Strategies Report covers CRISPR technology market drivers, CRISPR technology market trends, CRISPR technology market segments, CRISPR technology market growth rate, CRISPR technology market major players, and CRISPR technology market size.

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The CRISPR technology market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.

CRISPR Technology Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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Trends in the market include:
Technological Advances-
Scientists, researchers and companies are increasingly developing advanced CRISPR technologies for more precise editing and to get access to difficult to reach areas of human genome. For instance, In March 2020, Scientists at University of Toronto developed CHyMErA, a CRISPR-based tool for more versatile genome editingvi. In March 2020, researchers at New York genome center developed a new CRISPR screening technology to target RNA, including RNA of novel viruses like COVID. In November 2019, researchers at ETH Zurich, Switzerland, swapped CAS9 enzyme for Cas 12a, that allowed the researchers to edit genes in 25 target sitesvii. It is also estimated that hundreds of target sites can be modified using the above method. In October 2019, a team from MIT and Harvard developed new CRISPR genome editing approach called prime editing by combining CRISPR-Cas9 and reverse transcriptase into a single protein. The prime editing has the potential to directly edit human cells with high precision and efficiency.

Increased Demand For CRISPR Technology In Drug Discovery And Screening -
Swift progress in drug discovery and development has increased the demand for new technologies and processes. Screening is an important phase in new drug development. It helps in target identification and validation. Gene editing technologies such as CRISPR produces good results in the screening phase by using the CRISPR–associated protein 9 (Cas9) enzyme and guide RNA to edit the genome at a particular point.viii The technology enables researchers to identify the target more accurately. CRISPR technology increases screening efficiency by its statistical significance, high effect rate through genetic ablation, and allows researchers to observe meaningful phenotypic effects. For example, in November 2019, German drug discovery and development company, Evotec SE received the CRISPR gene-editing technology license from Merck to discover and test new drugs.

The market is segmented:
By Product Type -
a. CAS9 And GRNA
b. Design Tools
c. Plasmid And Vector
d. Other Delivery System Products

By End-User –
a. Academic Research Organizations
b. Biopharmaceutical Companies
c. Agricultural Biotechnology Companies
d. Contract Research Organizations (CROs)

By Application –
a. Biomedical
b. Agriculture
c. Diagnostics and Others

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Joined: January 20th, 2021
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