CAS9 Technology Market to See Booming Growth |
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Market Overview
The science field is
developing at a rapid speed; every sector related to science is emerging highly
due to technological advancement. The biotechnology field of science comprises
biology and technology, which is an advanced form of technology that is
propelling the CAS9
Technology Market. The rise in the
emergence of genome editing or gene editing, which comes under genetic
engineering with engineered nucleases, has taken the technology to the top
level. Due to these advancements, CAS9 technology is highly gaining importance
as a genome-editing tool. Gene-editing tools are highly used in gene
recombination and other genome experiments in genetic research. Developed
countries present in North America and Europe are highly driving the market due
to huge research labs in the regions.
The growth factors are
responsible for driving the market at the global level. For instance, the rise
in awareness of the benefits of biotechnology products and techniques is a
major driving factor of the market. The restraining factor is affecting the CAS9
Technology Market; the risk factors and high cost are hampering the growth of
the CAS9 technology market.
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But the growth
opportunities to propel the market's demand and the rise in acceptance of gene
therapy-based treatments are setting huge opportunities for the CAS9 technology
market growth.
The commercial interest and
rise in the application will bring new growth opportunities to boost the CAS9
technology market in the upcoming years. The market is estimated to soar at a
compound annual growth rate of 11.30% by 2023.
Some key industrial players
are taking the responsibility to drive the market worldwide. Their presence in
various regions of the world is fueling up the regional market's growth. Some
of the major players of the market are Cellecta, Inc., ABM Inc., GenScript,
CRISPR Therapeutic, Intellia Therapeutics, Inc., Danaher Corporation
(Integrated DNA Technologies, Inc.), New England Biolabs, OriGene Technologies,
Inc., GE Healthcare, Takara Bio, Inc., AstraZeneca, PLC, Merck KGaA, Bio-Rad
Laboratories, Inc., Lonza Group, and Thermo Fisher Scientific.
Each player is committed to
providing high-quality services and products to enhance patient care in the
health care sector. They established themselves as major companies across the
globe. Their higher investment in research, awareness, marketing, and
technology advancement will boost market value.
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Market Segmentation
The CAS9 Technology
Market is segmented based on product type, application, delivery
method, and end-user.
The Product Type segment is
divided into consumables and vectors—the application segment of the market
comprised of genome engineering, disease models, and in vitro depletion.
The delivery methods state
the different delivery methods, such as physical delivery methods, viral
delivery methods, and non-viral delivery methods. At the same time, the
end-user section has Biotechnology & pharmaceutical companies and Academic
& research institutes.
Regional Analysis
According to the
geographical status, the CAS9 Technology Market covers major
regions such as North America, Europe, Asia Pacific, Latin America, and the
Middle East and Africa, The North American region is considered the leading
region due to major industrial players. The Asia Pacific sets lucrative growth opportunities
for the market players.
Industry News
In April 2016, Intellia
Therapeutics, Inc partnered with Regeneron Pharmaceuticals, Inc. to advance
CRISPR/Cas gene-editing technology in vivo therapeutic development. Intellia
Therapeutics, Inc is a gene-editing company that develops novel therapeutics
utilizing a biological tool known as the CRISPR/Cas9 system.
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