Global CRISPR Market (2019 to 2028) – Advancements in the Applications of Gene-Based Therapy Presents Opportunities – ResearchAndMarkets.com -…

Posted: June 23, 2020 at 12:56 am

DUBLIN--(BUSINESS WIRE)--The "Global CRISPR Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

The global CRISPR market is estimated to expand at a CAGR of 23.95% over the forecasting period 2019-2028.

The increasing lifestyle-oriented diseases, the rising prevalence of genetic diseases and the growing application of drugs are the primary factors driving the growth of the CRISPR market. In addition, the increasing geriatric population and the rising incidence of genetic ailments are also likely to lead to an increase in demand for global CRISPR technology.

However, ethical issues associated with the technology and the changing regulatory environment is restraining the market. The market is also challenged by the availability of alternate technologies and the lack of awareness regarding CRISPR. But, the advancements in the gene-based therapy application and the increased demand for CRISPR will create market opportunities.

The global market report covers the countries from North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Asia-Pacific is likely to be the fastest-growing for the CRISPR market in the world. With the rapidly advancing technological developments and the wide range of applications of CRISPR technology in countries like India and China, regional growth is expected in the next few years. China has already started various gene-editing research work focusing on the CRISPR technology market.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/so6ult

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