Vancouver, BC -- (SBWIRE) -- 03/19/2021 -- The global CRISPR Technology Market is projected to reach USD 3.94 billion by 2027, according to a recent report by Emergen Research. Certain factors that are driving the market growth include increasing government and personal funding, rising demand and adoption of CRISPR, and technological advancements.

The rise in funding, initiatives by the government to develop vaccines, medical technologies, drugs, devices are propellant towards the expansion of the genome editing market globally. As compared to previous systems, CRISPR has a lot of potentials and applications. Among these, one necessary application is that the use of CRISPR in understanding numerous genetic and epigenetic diseases as well as cancer. Study of cancer by the CRISPR system is usually done by 2 approaches i.e. turning on the growth suppressor genes and turning off the oncogenes. As per the precise capability of CRISPR, this method may also be used to make specific mutations in numerous cell lines so as to model the cancers. This sort of modeling may end up during a higher understanding of a range of diseases like cancer and therefore the ability to develop more effective medicine.

Based on the types, the CRISPR Technology market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives. The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.

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Key Highlights From The Report
Beam Therapeutics primarily owned by Feng Zhang started developing CRISPR officially declared in May 2018 because of which they were able to generate USD 87 million in series A funding. The main motive of the initiative was to utilize CRISPR technology in order to develop "precision genetic medicines". This would further help to edit a single nucleotide base in the genome at one time.
In US, the first trial of CRISPR in humans began in April 2019. Two patients are currently being treated as a part of a study being conducted by University of Pennsylvania. In line with NPR (National Public Radio, America), each have different types of cancer that are tough to treat and each have relapsed normal treatments. As a part of the trial, researchers are taking immune cells from the patients' bodies and editing them with CRISPR after which they're putting them back. Such novel research are expected to drive the market growth throughout the region.
With different versions of CRISPR-Cas being pursued by different companies, the landscape of genome editing is changing with a variety of advantages associated with it. This is primarily due to major discoveries of nucleic acids coupled with their sensitivity and reliability in approach. Furthermore, this entire procedure eliminated the requirement of an expensive PCR platform.
Key participants include Origene Technologies, Inc., Agilent Technologies, Cellecta, Inc., GeneCopoeia, Inc., Integrated DNA Technologies (IDT), Horizon Discovery Group, Merck KGaA, New England Biolabs, Thermo Fisher Scientific and GenScript among others.

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All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global CRISPR Technology market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global CRISPR Technology market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA

Product Type Outlook (Revenue, USD Billion; 2017-2027)
Enzymes
Kits and Reagents
Guide RNA
Others

Applications Outlook (Revenue, USD Billion; 2017-2027)
Biomedical
Agricultural
Industrial
Others

End User Type Outlook (Revenue, USD Billion; 2017-2027)
Pharmaceutical and Biotechnology Companies
Academics and Government Research Institutes
Contract Research Organizations (CROs)
Others

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Important the study on the CRISPR Technology market takes a closer look at the top market performers and monitors the strategies that have enabled them to occupy a strong foothold in the market. Performance of the product and services across different segments and geography are thoroughly assessed during the research. Apart from this, the research brings to light real-time data about opportunities that will completely transform the trajectory of the business environment in the coming years.

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Table of Content
Chapter 1. CRISPR Technology Market Methodology & Sources
1.1. CRISPR Technology Market Definition
1.2. CRISPR Technology Market Research Scope
1.3. CRISPR Technology Market Methodology
1.4. CRISPR Technology Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. CRISPR Technology Market Key Insights
Chapter 4. CRISPR Technology Market Segmentation & Impact Analysis
Chapter 5. CRISPR Technology Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. CRISPR Technology Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. CRISPR Technology Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. CRISPR Technology Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. CRISPR Technology Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…