CAS9 Technology Market 2023 Size, Demand, Growth Prospects, Key Opportunities, Trends, Forecasts, Key Players and Industry Analysis
December 11, 2019 by Market-NewsFlash
CAS9 Technology Market: Product Type (Consumables and Vectors), Application (Genome Engineering, Disease Models and In Vitro Genetic Depletion), Delivery Method (Physical Delivery Methods, Viral Delivery Methods and Non-Viral Delivery Methods) and End User (Biotechnology & Pharmaceutical Companies and Academic & Research Institutes) and Region — Global Forecast Till 2023
A strong commercial interest and rising application opportunities to boost the global CAS9 technology market in the forthcoming years. The market is projected to soar at a compound annual growth rate of 11.30% between 2018 and 2023.
Emergence of genome editing or gene editing with engineered nucleases has taken genetic engineering to the next level. CAS9 technology is quickly gaining prominence as a genome editing tool. Advanced countries in North America and Europe are witnessing a faster uptake of the technology. Asia Pacific is also likely to present lucrative growth opportunities to market players during the review period.
CAS9 Technology Market — Segments
The MRFR analysis is segmented into five key dynamics for enhanced understanding.
By Medium : Enzyme, and RNA, among others
By Application : DNA sequencing, DNA repair, Gene Library Development, Cell Line Engineering, Genetic Engineering, Cancer, and Hepatitis B Gene Therapy among others.
By Delivery : IV Infusion, Injection, and Inhalation among others.
By End-user : Hospitals, Cardiac Care Centers, Ambulatory and others.
By Region : Europe, North America, APAC, and the Rest-of-the-World (RoW).
The subsegment Genetic engineering holds the largest market share by applications.
Global CAS9 Technology Market — Competitive Landscape
The rapidly growing market for CAS9 technology is fiercely competitive and fragmented with many well-established as well as small & new entrants forming the competitive edge. Innovation, new technology launch and Brand reinforcement remain the popular trends for the key players in the market. The growth statistics of the Nerve market presage the probable heights the market can reach further.
Fervent players leading the global CAS9 technology market include CRISPR Therapeutics, Thermo Fisher Scientific Inc., Lonza, Agilent Technologies, GenScript, Editas Medicine, Horizon Discovery Group plc., New England Biolabs, Albany Molecular Research Inc., Transposagen, Inc., and CRISPR Therapeutics.
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