CRISPR Technology Market Share Sales, Production, And Cost Forecasting Upto 2028
Clustered regularly interspaced short palindromic repeats (CRISPR) is a technology used for editing genomes. It allows researchers to easily alter DNA sequences and modify gene function. The global CRISPR technology market revenue is expected to register a lucrative CAGR over the forecast period. The global CRISPR technology market report have been segmented on the product, application, and region.
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Based on product, the global CRISPR technology market is segmented based on library, plasmids and vectors, proteins, and others (control kits and gRNA). The plasmids and vectors segment is expected to register a CAGR over the forecast period.
Based on application, the global target market is segmented based on biological research, agricultural biotech, industrial biotech, and therapeutics and drug discovery. The industrial biotech segment is expected to register a CAGR over the forecast period.
Based on region, the global market is segmented based on North America, Europe, Latin America, Asia Pacific and Middle East & Africa. North America contributes for significant market share in terms of revenue in global CRISPR technology market and is expected to maintain its dominance over the forecast period. In addition, the market in Asia Pacific is expected to register fastest growth rate over the forecast period. Increasing demand for CRISPR technology, especially from countries such as China, India, and Japan, owing to the rapidly growing prevalence of cancer and genetic disorders are major factors expected to drive growth of market in Asia Pacific over the forecast period. Europe is estimated to account for second-highest revenue share in 2017.
Some prominent players in the global CRISPR technology market are Thermo Fisher Scientific, Inc., Merck KGaA, GenScript Corporation, Integrated DNA Technologies, Inc., Horizon Discovery Group, Agilent Technologies, Inc., Cellecta, Inc., GeneCopoeia, Inc., New England Biolabs, Inc., and Origene Technologies, Inc.
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