CRISPR and Cas Gene Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2030

Market Insights and Analyst View:
The report includes growth prospects owing to the current CRISPR and Cas gene market trends and their foreseeable impact during the forecast period. Factors such as the increasing prevalence of cancer and genetic diseases, and the growing adoption of CRISPR-based screens with improved genomic targets propel the market growth. However, off-target effects and ethical concerns associated with CRISPR technology impede the growth of the market. In the coming years, increasing research funding for genomic studies and efforts made to demonstrate the effectiveness of CRISPR in genomics are likely to bring new trends into the market.

The CRISPR technology is useful in identifying mutations in many tumors. They recognize modified proteins that are specific to human tumors. Therefore, personalized treatments enabled by CRISPR technology for chronic diseases such as cancer drive the market expansion. In addition, factors such as investments by biotech companies in new treatments; increased genomic research and development; and the rising burden of cancer, bloodborne diseases, and so on are facilitating the CRISPR and Cas gene market growth. However, the use of CRISPR in drug development and therapeutic procedures is limited by its possibility of going off target, which limits the market progress.

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Key Players Analysis:

• CRISPR Therapeutics
• BRAIN Biotech AG
• Thermo Fisher Scientific
• Merck KGaA
• Editas Medicine
• Takara Bio
• Genscript
• Qiagen
• New England Biolabs

Growth Drivers:

Increasing Prevalence of Cancer and Genetic Disorders Drives Market Growth
According to the American Cancer Society, the estimated number of people diagnosed with cancer in the US was 1.9 million in 2022. Additionally, a paper published in November 2022 in the Nature Journal states that researchers can use CRISPR gene editing to alter immune cells to recognize altered proteins specific to a person's tumors. These cells can then be safely delivered into the body to locate their targets for elimination, thus aiding in a personalized treatment option against cancer and other chronic diseases.

The increasing prevalence of genetic disorders further drives the need for gene editing technologies such as CRISPR and Cas genes. According to the World Health Organization (WHO), millions of people worldwide are affected by genetic disorders, as almost 1 in 20 live births has a genetic disorder. The CRISPR/Cas system can be used as a potential tool in developing treatment approaches for various genetic diseases, including sickle cell anemia, cystic fibrosis, and Huntington's disease. Many clinical trials are ongoing for testing the safety and effectiveness of CRISPR-based therapies in genetic disorders. Thus, the increasing demand for CRISPR and Cas gene technologies in various therapeutic areas to treat cancer and other chronic and genetic diseases fuels the CRISPR and Cas gene market growth.

Report Segmentation and Scope:
The CRISPR and Cas gene market analysis has been carried out by considering the following segments: product & service, application, and end user.

Segmental Analysis:
By application, the CRISPR and Cas gene market is bifurcated into biomedical and agriculture. The biomedical segment held a larger market share in 2022. The same segment is anticipated to register a higher CAGR of 23.8% during the forecast period. CRISPR gene editing technologies are being used in different areas of life sciences. Well-established delivery methods and nanocarrier usage have further improved the effectiveness and specificity of this technology. Various studies have been conducted to explain the use of this method to modify human somatic cell and pluripotent stem cell genomes. Some companies also offer commercial kits and services to assist researchers through the use of CRISPR gene editing techniques.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the CRISPR and Cas Gene Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The CRISPR and Cas Gene Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.