Global CRISPR Technology Market 2022-2028
CRISPR stands for Clustered Regularly Interspaced Short Palindromic Repeats. It is a component of bacterial immune systems that can cut DNA, and has been repurposed as a gene editing tool. CRISPR is important because it allows scientists to rewrite the genetic code in almost any organism. It is simpler, cheaper, and more precise than previous gene editing techniques. Moreover, it has a range of real-world applications, including curing genetic disease and creating drought-resistant crops.
The Global CRISPR Technology Market stood at around USD 1,337 million in 2021 and is projected to rise to a worth of USD 7,008 million by 2028 end, thereby garnering a CAGR of 26.7% during 2022-2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global CRISPR technology market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the CRISPR technology industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, end user, and region. The global market for CRISPR technology can be segmented by product: CRISPR products, CRISPR services. The CRISPR products segment is estimated to account for the largest share of the global CRISPR technology market. CRISPR technology market is further segmented by application: agricultural, biomedical, others. The biomedical segment held the largest revenue share in 2021. Based on end user, the CRISPR technology market is segmented into: academic institutes and research centers, contract research organizations (CROs), pharmaceutical companies, biotechnology companies. On the basis of region, the CRISPR technology market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
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