The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on CAS9 Technology Market Share. The growth sectors of the CAS9 Technology Market Share are identified with precision for a better growth perspective.
Market Research Future (MRFR) recognizes the following companies as key players in the global CAS9 technology market: CRISPR Therapeutics, Thermo Fisher Scientific Inc., Lonza, Agilent Technologies, GenScript, Editas Medicine, Horizon Discovery Group plc., New England Biolabs, Transposagen, Inc. CRISPR Therapeutics, Albany Molecular Research Inc.. Apart from these there are other companies as well.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said: “The market for CAS9 technology is anticipated to grow at a rapid pace and is expected to continue its growth similarly in the future. This growth is likely to be driven by (drop in development time in association to previous gene editing tools which were comparatively slow,). CAS9 Technology is expected to overcome the following technologies such as zinc finger nucleases (ZFNs) and transcription activator-Like effector nucleases (TALENs) with respect to efficacy and speed. As the technology offers efficacy and speed it is expected that it will be highly demanded in fields where it is being used currently, which includes DNA sequence, DNA repair and others. It is expected that these fields will continuously contribute in the growth of the global CAS9 market. Further increase in ageing population globally due to decrease in mortality rate, along with declining immunity which results in high prevalence of diseases. Due to all these, the requirement of CAS9 technology for treating following diseases like cancer, hepatitis B and others have increased.
Apart from the ageing population and treatments available, major companies in the healthcare industry have increased their research and development expenditure for the development of biotechnology and pharmaceutical industries. Increasing private and public sector funding, rapid improvements in gene editing and DNA sequencing technologies, non-labeling of gene-edited products such as genetically modified organisms (GMOs), applications in various drug discovery processes are some of the major factors which are driving the growth of the global CAS9 technology market. Thus with growing demand due to various application the market for CAS9 technology is expected to grow at a remarkable rate in the coming future.
Moreover factors such as rigorous regulatory framework, ethical issues regarding editing human embryo and opposing public perception, inaccessibility of gene editing based therapeutics in the market, off target effects of CAS9 technology and patent disputes associated with the following technology are hampering the growth of the global CAS9 technology market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants of the industry. The report contains information about the market and vendors of the same in addition to a SWOT analysis of key vendors.
Depending on geographic region, CAS9 technology market is segmented into these key regions: America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for CAS9 technology. North America is the leading market in America. Globally Europe is the second-largest market for CAS9 technology which is expected to continue its growth in the coming future. Asia Pacific region is expected to be fastest growing region in CAS9 technology market with the higher CAGR during the forecasted period.
CAS9 Technology Market is projected to achieve an 11.30 % CAGR while earning revenues worth USD…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Market Research Future
+1 646 845 9312