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
The global CAS9 technology market is predicted to expand at a significant CAGR and gain prominence over the forecast period (2017-2022) as it is used in several processes such as genetic engineering, DNA sequence, cell line engineering, gene library development, and DNA repair. CAS9 is a genome alternating technology creating a buzz in the healthcare sector. The technology is less expensive, faster in operation, and far more efficient than other technologies for altering DNA. This is a technological innovation that empowers therapeutic and genetic analysts to alter parts of the genome by including, removing, or changing the sections of DNA. CAS9 is the most adaptable technique, less complex, and has a precise technique for genetic manipulation.
Drivers and Constraints Impacting the Market
The global CAS9 technology has been estimated to grow at a rapid pace and is expected to maintain its dominance over the assessment period owing to its high demand worldwide. The CAS9 technology has several applications such as DNA repair, DNA sequence, cell line engineering, gene library development, and genetic engineering. This technology is also used in treating medical procedures such as gene therapy, cancer, hepatitis B, and more. Such factors are estimated to propel the market growth over the review period. Furthermore, with the growing investment in research and development by several companies is also expected to boost the market growth. Technological advancements in the field of genome editing is also expected to propel the market growth over the review period.
Global CAS9 Technology Market: Segmental Analysis
The global CAS9 technology market has been segmented based on medium, application, delivery, end-user, and region.
By mode of medium, the global CAS9 technology market has been segmented into RNA, enzyme, and others.
By mode of application, the global CAS9 technology market has been segmented into hepatitis B, DNA repair, DNA sequence, genetic engineering, cancer, gene therapy, gene library development, cell line engineering, and others.
By mode of delivery, the global CAS9 technology market has been segmented into injection, IV infusion, and inhalation.
By mode of end-users, the global CAS9 technology market has been segmented into biotechnology companies, hospitals, research centers, and others.
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Competitive Analysis
Some of the prominent players operating the global for CAS9 technology are Lonza, Transposagen Inc., Albany Molecular Research Inc., GenScript, Horizon Discovery Group Plc., New England Biolabs, Editas Medicine, CRISPR Therapeutics, CRISPR Therapeutics, Agilent Technologies, Thermo Fisher Scientific Inc., and others.
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The market is projected to achieve an 11.30 % CAGR while earning revenues worth USD 3,505.3 Mn in the course of the forecast from 2018 to 2023.
The biotechnology sector has increased in terms of valuation and awareness regarding biotechnology techniques which is expected to encourage overall market growth.The intensifying investments in the CAS9 technology are estimated to provide a suitable driving force for the market to develop.
The mounting number of applications for the CAS9 technology is spurring the further development of the market.
The rising occurrence of diseases such as cancer, hemophilia, and sickle cell anemia are projected to bolster the CAS9 technology market in the coming years.
The progress observed in genetic engineering-based therapeutics is effectively opening new fields in the medical sector.
Massive developments in the biotechnology sector across developing Asian economies are expected to create favorable opportunities.
Global CAS9 Technology Market – overviewThe Global CAS9 Technology Market is growing with the rapid pace.
According to a recent study report published by the Market Research Future, the Global CAS9 Technology Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace.
Report Details @ https://www.marketresearchfuture.com/reports/cas9-technology-market-2064 Global CAS9 Technology Market – competitive analysisCharacterized by the presence of several well-established and small players, the global market of CAS9 technology appears to be highly competitive and fragmented.
International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing.
The intense competition prevalent in the market dictates the consolidation among marketers.Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.In October-16, CRISPR Therapeutics AG, a biopharmaceutical company focused on translating CRISPR/Cas9 gene-editing technology into transformative medicines, announced the pricing of its initial public offering of 4,000,000 common shares at a public offering price of USD 14.00 per share.
Completion of the transaction was followed by the approval of the merger agreement by Affymetrix stockholders at the special meeting.In December-17, GenScript Biotech Corp., the leading global provider of gene synthesis services, announced that GenScript USA Inc., its wholly owned subsidiary, have entered into an agreement to acquire 100 percent of the issued shares of CustomArray, a privately held DNA microarray company that provides customized oligonucleotide pools and microarrays to many of the world’s leading academic and industrial organizations for applications in targeted sequencing, complex DNA libraries, synthetic biology, shRNA libraries, and CRISPR, from all of its shareholders.
CAS9 Technology Market TrendsThe rapid surge in the biotechnology sector is expected to boost the CAS9 technology market.
An 11.30 % CAGR is expected to boost the potential of the market to earn revenues worth USD 3,505.3 million in the course of the forecast.The increased level of investment in the market is anticipated to create a suitable level of traction for the growth of the market of CAS9 technology.
Based on the regions, the CAS9 technology market is segmented into the Asia Pacific, the Americas, Europe, the Middle East, and Africa.Global CAS9 Technology Market Players:Major players in the market are average who have global operations of the CAS9 technology market; these players are consistently working for the development of technology.
New England Biolabs, Transposagen, Inc. CRISPR Therapeutics, Albany Molecular Research Inc and others.Regional Analysis:Depending on geographic region, CAS9 technology market is segmented into four key regions: America, Europe, Asia-Pacific, Middle East & Africa.
Globally America is the largest market for CAS9 technology.
This results in improving the efficiency and quality of products, devices, technology and service offered by the healthcare industry in America.
The technology has huge potential for application in the biotech industry and is already making a huge difference across many scientific fields such as agriculture and healthcare.In pharmaceuticals it is used in developing new drugs and in agriculture, it is expanding research and development activities aimed at evaluating seed yield, oil content yield, and drought tolerance traits deployed in key agricultural crops and etc.
The promising results delivered by this technology is a key driving factor acting as tailwind escalating the market growth.
Also, substantial investments put into R activities are encouraging the market growth on the global platform.Acknowledging the accruals, the market is enjoying currently, demonstrating the potential to grow further in the years to come, Market Research Future (MRFR) in its recently published study report asserts that the global CAS9 technology market will be valued exponentially by 2022, registering a striking CAGR during the forecast period (2016–2022).Factors such as augmented adoption of CAS9 in precision medicine along with the increasing applications such as edit RNA and shorter snippets of DNA in small organisms, like bacteria, and etc.
Projects such as the human genome and the growing adoption of genetics for livestock and agriculture research are fostering the market growth.
Factors such as insufficient funds for R high cost of development and maintenance, along with the data safety concerns, and ethical considerations among others inhibit the market growth.
Many patents filed since 2011 have been cleared this year.CAS9 Technology Market — SegmentsThe MRFR analysis is segmented into five key dynamics for enhanced understanding.By Medium : Enzyme, and RNA, among othersBy 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.CAS9 Technology Market — Regional AnalysisGlobally, the North American region dominates the CAS9 technology market with the largest market share.
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 2023overviewThe Global CAS9 Technology Market is growing with the rapid pace.
According to a recent study report published by the Market Research Future, the Global CAS9 Technology Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace.
It is also predicted that factors such as technological advancements in the field of genome editing will also drive the market growth in the coming future.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2064Competitive analysisCharacterized by the presence of several well-established and small players, the global market of CAS9 technology appears to be highly competitive and fragmented.
International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing.
The intense competition prevalent in the market dictates the consolidation among marketers.Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.In October-16, CRISPR Therapeutics AG, a biopharmaceutical company focused on translating CRISPR/Cas9 gene-editing technology into transformative medicines, announced the pricing of its initial public offering of 4,000,000 common shares at a public offering price of USD 14.00 per share.
In addition, CRISPR Therapeutics has granted the underwriters a 30-day option to purchase up to 600,000 additional common shares at the initial public offering price, less the underwriting discounts and commissions.
