CAS9 Technology Market to Expand at a Significant CAGR During the Forecast Period 2017-2022

Pune, India, August, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Global CAS9 Technology Market Research Report.

Market Insights

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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America to Maintain its Dominance

Geographically, the CAS9 technology market spans across regions namely America, Europe, Asia-Pacific, and the Middle East and Africa. Among all the regions, America is anticipated to hold the largest market share for CAS9 technology. In America, North America leads the market since countries like Canada and the U.S. have strict mandates for giving medical services and manufacturing medical devices which improve the technology and quality of the devices. This also results in improving the quality of products, technology, devices, and services which are offered by the healthcare sector in America.

Europe has been estimated to hold the second largest position in CAS9 technology and is expected to maintain its dominance in the coming years. Asia Pacific is also estimated to be grow at the fastest pace over the assessment period.

Industry News

Merck, the vibrant science and technology company has announced that the Australian Patent Office allowed the company's patent application for using paired CRISPR nickases. Paired nickases represent a remarkable step in increasing safety by driving specificity through a highly flexible and efficient approach to reduce off-target effects.

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.