CAS9 Technology Market Global Size, Share Analysis, Growth Dynamics, Key Competitors, and Industry Forecast to 2026
Global CAS9 Technology Market - overview
The Global CAS9 Technology Market is growing with the rapid
pace. According to a recent study report published by the Market Research
Future, the Global CAS9 Technology Market is booming and expected to gain
prominence over the forecast period and is projected to grow a sound pace. The
market is projected to demonstrate a sound growth by 2022, surpassing its
previous growth records in terms of value with a striking CAGR during the
anticipated period (2017-2022).
The global CAS9 technology market has been assessed as a
rapidly growing market and it is expected that it will grow further in the
future due to its high demand globally. It is expected to witness high growth
as it is used in various process such as DNA sequence, DNA repair, gene library
development, cell line engineering, and genetic engineering. It is used in
treatment and other medical procedures like cancer, hepatitis B, gene therapy
and more. Moreover, increasing investment in the field of research and
development by various companies for the development of the CAS9 technology is
boosting growth of the CAS9
Technology Market Share further. It is also predicted that factors such
as technological advancements in the field of genome editing will also drive
the market growth in the coming future.
Global CAS9 Technology Market - competitive analysis
Characterized by the presence of several well-established
and small players, the global market of CAS9 technology appears to be highly
competitive and fragmented. International players are increasingly expanding
their footprint in the developing economy, making it difficult for regional vendors
to compete with them, especially in terms of features such as product
differentiation, product portfolios, quality, and pricing. The market is witnessing intensified
competition which is expected to get more intensified further during the
forecast period. The intense competition prevalent in the market dictates the consolidation
among marketers.
Report Details @ https://www.marketresearchfuture.com/reports/cas9-technology-market-2064
Well established players incorporate acquisition,
collaboration, partnership, expansion, and product launch in order to gain
competitive advantage in this market and to maintain their market position.
In October-16, CRISPR Therapeutics AG, a biopharmaceutical
company focused on translating CRISPR/Cas9 gene-editing technology into
transformative medicines, announced the pricing of its initial public offering
of 4,000,000 common shares at a public offering price of USD 14.00 per share.
In addition, CRISPR Therapeutics has granted the underwriters a 30-day option
to purchase up to 600,000 additional common shares at the initial public
offering price, less the underwriting discounts and commissions.
In May-16, Thermo Fisher completed its acquisition of Affymetrix
for USD 14.00 per share in cash, for a total purchase price of approximately
USD 1.3 billion. Completion of the transaction was followed by the approval of
the merger agreement by Affymetrix stockholders at the special meeting.
In December-17, GenScript Biotech Corp., the leading global
provider of gene synthesis services, announced that GenScript USA Inc., its
wholly owned subsidiary, have entered into an agreement to acquire 100 percent
of the issued shares of CustomArray, a privately held DNA microarray company
that provides customized oligonucleotide pools and microarrays to many of the
world's leading academic and industrial organizations for applications in
targeted sequencing, complex DNA libraries, synthetic biology, shRNA libraries,
and CRISPR, from all of its shareholders.
Global CAS9 Technology Market - regional analysis
Depending on geographic region, CAS9 technology market is
segmented into four key regions the Americas, Europe, Asia-Pacific, Middle East
& Africa. Globally America is the largest market for CAS9 technology. North
America is the leading market in America as countries like U.S. and Canada
having strict regulation for manufacturing medical devices and giving medical
services thus improving the quality of devices and technology. This results in
improving the efficiency and quality of products, devices, technology and
service offered by the healthcare industry in America. Europe is expected to be
second largest market globally for CAS9 technology which is expected to sustain
its growth in the coming future. Asia Pacific region is expected to be fastest
growing region in CAS9 technology market.
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