CRISPR Technology Market Latest Innovations, Industry Challenges,
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Key players are looking for licensing with the other companies
The key players operating in the global CRISPR technology market include Addgene, Caribou Biosciences, Inc., Merck KGaA, Horizon Discovery Group plc,CRISPR THERAPEUTICS, Mirus Bio LLC, Takara Bio USA, Editas Medicine, Thermo Fisher Scientific, Inc., GE Healthcare Dharmacon Inc. and Intellia Therapeutics, Inc. Companies are involved in collaborations to gain share in the market.For instance, Caribou Biosciences develop CRISPR technology in collaboration with the research based on University of California.
CRISPR Technology is a comparatively new yet powerful technology that gives researchers the opportunity to adjust DNA sequences and modify gene function. It is used in genome editing or gene editing. CRISPR is the short form for "CRISPR-Cas9 which is specialized stretches of DNA and has various applications. Cas9 is an enzyme which can cut strands of DNA and also acts like a pair of molecular scissors.
CRISPR-Cas9 has recently become prominent, is easy to use and even more efficient than the previously used best-genome editing tool. Researchers from the laboratories of Church and Feng Zhang of the Broad Institute of the Massachusetts Institute of Technology and Harvard were the first to publish their research that used CRISPR-Cas9 to edit human cells in an experimental setting. The food and agriculture industries have also seen the recent popularity of CRISPR technology that has been applied to devise probiotic cultures and to vaccinate industrial cultures against viruses. The technology is also being used in crops to improve yield, its nutritional properties and drought tolerance.
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Increasing prevalence of genetic disorders, promoting the growth of market
The CRISPR technology is focused on development or growth of the gene therapeutics for the treatment of several genetic disorders including hemophilia, thalassemia, and sickle cell anemia, among others. The growing prevalence of hereditary disorders is promoting the growth of the market, for improved treatment and better quality of life for patients. According to Center for Disease Control and Prevention (CDC), in 2017, almost 1000 people in U.S. suffer from the most severe form of the thalassemia every year.
Repeated off-target and safety studies to restrain the market growth
Reducing the length of the director sequence from 20 to 18 nucleotides can increase specificity up to 5,000 times without affecting cutting efficiency. However, every new CRISPR-based therapy requires a new sgRNA, safety and off-target studies will need to be performed each time which is expected to restrain growth of the market.
Table Of Contents:
1. COMPETETIVE LANDSCAPE
1.1. Market Share Analysis (2018)
1.2. Key Strategies Assessment
1.2.1. New Product Launches
1.2.2. Merger & Acquisitions
1.2.3. Agreements, Collaborations, & Partnerships
1.2.4. Expansions
1.2.5. Other Strategies
2. COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
2.1. Merck KGaA
2.2. Thermo Fisher Scientific
2.3. Agilent Technologies
2.4. Integrated DNA Technologies (IDT)
2.5. GenScript
2.6. GeneCopoeia, Inc.
2.7. New England Biolabs
2.8. Origene Technologies, Inc.
2.9. Transposagen Biopharmaceuticals, Inc
2.10. Applied StemCell. Inc
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