The global Crispr And Cas Gene Market is estimated to be valued at US$ 1.54 Bn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
CRISPR and Cas gene products are genomic editing tools used to modify genes and regulate gene expression. CRISPR allows scientists to easily alter DNA sequences and modify gene function. It has applications in gene therapy, drug discovery, agricultural sciences and biological research.

Market key trends:
The increasing adoption of CRISPR technology in clinical trials for treatment of various genetic disorders is a major trend in the market. Currently around 400 clinical trials using CRISPR genome editing are underway for treating cancer, genetic disorders like sickle cell disease, HIV infections and more. Another major trend is the increasing funding from private and public organizations to support CRISPR research and product development. In 2021, Editas Medicine, a leading genome editing company received $80 million in funding from Biomedical Advanced Research and Development Authority (BARDA) to accelerate development of CRISPR therapeutics for treating Leber congenital amaurosis 10 (LCA10).


SWOT Analysis

Strength: CRISPR and Cas gene technology is a simple, efficient and affordable way to edit genomes. It allows precise modification of genes and regulatory elements, which provides potential to cure genetic diseases.
Weakness: Off-target effects whereby CRISPR/Cas system inadvertently edits the wrong DNA sequences remains a major limitation. There are also concerns regarding safety and ethics of genome editing technology.
Opportunity: CRISPR promises cures and treatments for thousands of genetic diseases like cancer, diabetes, Alzheimer’s disease, HIV/AIDS etc. It provides opportunities for advances in Agriculture through development of drought tolerant and pest resistant crops.
Threats: Strict regulations for testing of CRISPR technology in human subjects poses a challenge. Intellectual property disputes around ownership of foundational CRISPR patents also pose threat to innovation. Rise of alternative technologies like base editing poses competitive threat.

Key Takeaways

The Global Crispr And Cas Gene Market Size is expected to witness high growth, exhibiting CAGR of 22% over the forecast period, due to increasing investments from biotechnology and pharmaceutical companies in genome editing research.

Regional analysis: North America dominated the global CRISPR and Cas gene market in 2023 and is expected to grow at a CAGR of 21.2% during the forecast period. This can be attributed to presence of major market players, advanced research infrastructure and expertise in genomics domain in the US and Canada. Asia Pacific is expected to be the fastest growing region due to increasing government initiatives to promote biotechnology research in countries like China and India.

Key players operating in the CRISPR and Cas gene market are Thermo Fisher Scientific Inc., Merck KGaA (Sigma-Aldrich), OriGene Technologies, Inc., New England Biolabs, Cellecta, Inc., Agilent Technologies, Inc., Applied StemCell, Inc., Synthego, Genscript, Mirus Bio LLC, Integrated DNA Technologies, Inc., and Mammoth Biosciences, Inc. Major players are focusing on strategic collaborations and partnerships to expand product portfolio and strengthen their presence across regions.

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