Healthcare and Medical

CRISPR Genomic Cure Market Propelled By Adoption Of Crispr Genomic Cures For Chronic Diseases

kiran gire

CRISPR Genomic Cure Market Propelled By Adoption Of Crispr Genomic Cures For Chronic Diseases

CRISPR-Cas9 is a genome editing technology that allows genetic material to be added, removed, or altered at particular locations in the genome. The technology has the potential to treat thousands of genetic diseases like cystic fibrosis, sickle cell anemia, beta-thalassemia by fixing defective genes that cause disease. With its ability to diagnose, treat and prevent diseases, CRISPR technology is transforming the field of genetic medicine. The global Crispr Genomic Cure Market is estimated to be valued at US$ 1.84 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rise of personalized medicine has increased the demand for targeted genomic therapies like CRISPR. Personalized genomic cures allow diseases to be treated at their root genetic cause by either repairing or replacing defective genes. As knowledge of genomics continues to grow through projects like the Human Genome Project, more diseases will be linked to genetic mutations and anomalies. This will create an opportunity for genomic medicines like CRISPR to develop individualized treatments for patients. With further research and clinical trials, CRISPR genomic cures have the potential to revolutionize the treatment of previously incurable genetic disorders.

Segment Analysis

The global genome editing technology market is segmented on the basis of technology, application, end use and geography. Among technologies, the CRISPR segment dominates the market and is expected to maintain its dominance during the forecast period. CRISPR is relatively easy to program and more affordable as compared to other genome editing technologies such as TALENs and Zinc finger nucleases. Due to these advantages, CRISPR accounted for over 50% of the total market share in 2023 and the trend is likely to continue in the coming years.

Key Takeaways

The global Crispr genomic cure market analysis is expected to witness high growth. By 2030, the market is projected to reach US$ 5.54 Bn, expanding at a CAGR of around 11%.

Regional analysis:

North America is expected to dominate the global Crispr genomic cure market during the forecast period. The region accounted for over 40% share of the global market in 2024. Presence of leading genomic cure research companies such as Editas Medicine, Intellia Therapeutics and Crispr Therapeutics has boosted R&D activities in the region. Rising cases of genetic diseases and increasing investments in genomic cure technology development by governments are also supporting market growth.

Key players

operating in the Crispr genomic cure market are Marriott International, Hilton Worldwide Holdings Inc., InterContinental Hotels Group PLC, and Four Seasons Hotels and Resorts. Marriott International is one of the leading chains of hotels and is focused on expanding its product portfolio in the genomic cure space. Hilton Worldwide Holdings Inc. is investing in genomic cure research for developing genetic tests and therapies.

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kiran gire

Crispr Genomic Cure Market Is Estimated To Witness High Growth Owing To Opportunity Of Genome Editing For Complex Diseases

Poonam 2024-01-18

The CRISPR-genomic cure market involves the development of therapies and drugs that use CRISPR-Cas genome editing technology to cure complex diseases by modifying the human genome. The global Crispr Genomic Cure Market is estimated to be valued at US$ 1. Key Takeaways The global CRISPR Genomic Cure Market growth is expected to witness high growth over the forecast period of 2023 to 2030. The global Crispr Genomic Cure Market is estimated to be valued at US$ 1. The development of CRISPR therapies is in early stages currently with a few therapies in clinical trials. Key players: Key players operating in the Crispr genomic cure market include Crispr Therapeutics, Intellia Therapeutics, Editas Medicine, Marriott International, Hilton Worldwide Holdings Inc.

Crispr Genomic Cures is Estimated to Witness High Growth Owing to Opportunity of Treating Rare Genetic Diseases

Mia Yates 2023-12-19

The global Crispr genomic cure Market is estimated to be valued at US$ 1. Many rare genetic diseases lack effective treatment options as conventional drug development is often not commercially viable for such small patient populations. Key Takeaways The Global CRISPR Genomic Cure Market Size is expected to witness high growth led by rising incidence of genetic diseases and increasing product approvals. Regional analysis: North America currently dominates the Crispr genomic cure market led by the US contributing more than 35% of global revenues. Key players operating in the Crispr genomic cure market are CRISPR Therapeutics AG, Editas Medicine, Inc.

Global Genomic Biomarkers Market Size and Share Report 2028 | Growth Market Reports

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Genomic Biomarker Market to Reach US$ 4,396.6 Mn in 2023

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The global Genomic Biomarker Market Share is estimated to be valued at Us$ 4,396. Based on application, the oncology segment is expected to be the fastest-growing segment in the genomic biomarker market. Key Takeaways: The global genomic biomarker market is expected to witness high growth, exhibiting a CAGR of 9. In terms of regional analysis, North America is the fastest-growing and dominating region in the genomic biomarker market. The competitive landscape of the genomic biomarker market is characterized by intense competition due to the presence of several established and emerging players.

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