The global clustered regularly interspaced short palindromic repeats (CRISPR) and CRISPR-associated (Cas) genes market size is expected to reach USD 4.88 billion by 2027, expanding at a CAGR of 16.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rise in the adoption of CRISPR technology in epigenetics, therapeutics, human germline editing, plant genome editing, and other fields of biotechnology is expected to drive the market.
Presence
of a large number of service providers that provide knockout, knock-in, gene
repression, gene activation, and other cell line engineering services propel
the growth of cell line engineering services. In biomedical applications,
genome engineering held the largest revenue share in 2019. Adoption of gene
editing techniques for human- and non-human-based genomic engineering is one of
the key factors that drive the segment.
The
molecular scissor can facilitate the detection of viruses, allowing the
development of cost-effective, robust, and rapid point-of-care diagnostics. It
allows the detection of viruses at a level of molecular concentration that
researchers rarely assess. Sherlock Bioscience estimated that a CRISPR-powered
diagnostic test would be available in the future at a reasonable price. In
recent times, the most important innovation has been the development of a test
for COVID-19.
In
March 2020, Mesa Biotech announced FDA authorization for its Accula device, a
hand-held COVID-19 diagnostic test. Similarly, in April 2020, CSIR lab
announced the development of a paper-strip test for Covid-19 that uses
CRISPR-Cas9 to target and identifies the genomic sequences of the virus. Unlike
the PCR tests, this test is available at a very low price, USD 6.59 (INR 1 =
USD 0.013). Therefore, such initiatives are expected to encourage other players
to leverage this crisis and launch novel products.
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CRISPR & Cas
Genes Market Report Highlights
- The product
segment is anticipated to dominate the market throughout the forecast
period. This is attributed to the presence of enhanced individual products
that can serve multiple purposes including genome engineering, specific
genome cleavage using gRNAs, easy gene knockouts, along with reduced
off-target cutting, and increased specificity
- Cell line
engineering services accounted for the largest market share in 2019. The
development of this technology has simplified the genome engineering
process to a large extent
- In biomedical
applications, genome engineering held the largest revenue share in 2019 as
a result of an increase in the adoption of genome editing techniques for
modifications in germline and therapeutics development
- Recent
advancements in CRISPR/Cas genome editing allow targeted modification in
crops, thereby promising crop improvement and revenue generation in the
market
- A significant
number of research studies carried out to develop disease-specific novel
therapies and presence of a huge clinical pipeline that integrates the
application of this gene-editing technology are expected to boost revenue
generation for the biotechnology and pharmaceutical companies segment
- Asia Pacific
is anticipated to witness the fastest growth over the forecast period.
China holds a significant position in the CRISPR market and is
increasingly exploring genome-editing for the development of medicines.
The country has launched several CRISPER-based clinical trials, especially
for cancer treatment.
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CRISPR & Cas
Genes Market Segmentation
Grand View Research has
segmented the global CRISPR and Cas Genes market on the basis of product and
service, application, end use, and region:
CRISPR & Cas
Genes Product & Service Outlook (Revenue, USD Million, 2016 - 2027)
- By Product
- Kits & Enzymes
- Vector-based Cas
- DNA-free Cas
- Libraries
- Design Tool
- Antibodies
- Others
- By Service
- Cell Line Engineering
- gRNA Design
- Microbial Gene Editing
- DNA synthesis
CRISPR & Cas
Genes Application Outlook (Revenue, USD Million, 2016 - 2027)
- Biomedical
- Genome Engineering
- Disease Model Studies
- Functional Genomics
- Epigenetics
- Others
- Agricultural
CRISPR & Cas
Genes End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Biotechnology & Pharmaceutical Companies
- Academics & Government Research Institutes
- Contract Research Organizations (CROs)
CRISPR & Cas
Genes Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Asia Pacific
- Japan
- China
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
List of Key
Players of CRISPR & CRISPR-Associated (Cas) Genes Market:
- CRISPR Therapeutics
- AstraZeneca
- Addgene
- Caribou Biosciences, Inc.
- Cellectis
- Editas Medicine, Inc.
- Egenesis
- F. Hoffmann-La Roche Ltd.
- Horizon Discovery Group Plc
- Genscript
- Danaher Corporation
- Intellia Therapeutics, Inc.
- Lonza
- Merck KGaA
- New England BioLabs
- Takara Bio, Inc.
- Thermo Fisher Scientific, Inc.
- Synthego
- Mammoth Biosciences
- Inscripta, Inc.
- Cibus
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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