Crispr Genomic Cure Market Scope
CRISPR Genome editing is a group of technologies that give scientists the ability to change an organism's DNA. These technologies allow genetic material to be added, removed, or altered at particular locations in the genome. Several approaches to genome editing have been developed. A recent one is known as CRISPR-Cas9, which is short for clustered regularly interspaced short palindromic repeats and CRISPR-associated protein 9. The CRISPR-Cas9 system has generated a lot of excitement in the scientific community because it is faster, cheaper, more accurate, and more efficient than other existing genome editing methods.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AstraZeneca plc. (United Kingdom), Addgene (United States), Caribou Biosciences, Inc. (United States), Cellectis, CRISPR Therapeutics (France), Editas Medicine, Inc. (United States), eGenesis (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Horizon Discovery Group plc (United Kingdom), GenScript (United States) and Danaher Corporation (United States) |
CAGR | 20.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
AstraZeneca plc. (United Kingdom), Addgene (United States), Caribou Biosciences, Inc. (United States), Cellectis, CRISPR Therapeutics (France), Editas Medicine, Inc. (United States), eGenesis (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Horizon Discovery Group plc (United Kingdom), GenScript (United States) and Danaher Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Intellia Therapeutics, Inc. (United States), Lonza (Switzerland) and Intellia Therapeutics, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Crispr Genomic Cure market by Type , by Application (Biomedical and Agricultural) and Region with country level break-up.
On the basis of geography, the market of Crispr Genomic Cure has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2020, PerkinElmer acquired Cell Engineering Company Horizon Discovery. This acquisition helps the company expand its portfolio of leading, automated life sciences discovery and applied genomics solutions to include gene editing and gene modulation tools
On 21 June 2021, The product launch marks QIAGEN’s dedicated solutions specific to the fast-growing field of CRISPR technology used for editing genomes and modifying gene function. Short for “clustered regularly interspaced short palindromic repeats,” CRISPR has a host of potential applications, from correcting genetic defects, treating and preventing the spread of diseases, and accelerating drug discovery and biomedical research. The new products add to the range of QIAGEN products that could also be used for CRISPR research such as the QIAGEN EndoFree Plasmid Kits and Plasmid Plus Kits. and On 30 March 2021, Scientists at UC San Francisco, UC Berkeley, and UCLA received U.S. Food and Drug Administration approval to jointly launch an early phase, first-in-human clinical trial of a CRISPR gene correction therapy in patients with sickle cell disease using the patient’s own blood-forming stem cells.
A committee formed in the aftermath of a scandal has advised the World Health Organization (WHO) to take the lead in efforts to regulate genome editing on a global scale. The WHO should assist governments in coordinating their national regulations, according to the advisers, and genome editing should not yet be used to make changes that can be passed down to future generations.
Influencing Trend:
Advancement in CRISPR Genomic Cure
Market Growth Drivers:
Prevalence of Genetic Disorders and Use of Genome Editing and Government and Private Funding
Challenges:
Fierce Competitive Pressure
Restraints:
Occurs Side Effects Severe Muscle Weakness and Spasms, Severe Vomiting, Breathing Issues, Seizures, and Other Symptoms
Opportunities:
High Governmental Healthcare Expenditures and Expanding Gene and Cell Therapy Area
Key Target Audience
Crispr Genomic Cure Manufactures, New Entrants and Investors, Crispr Genomic Cure Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others