Biotech Updates

Demand for Nutritious Food and Targeted Treatments Fuels Growth of CRISPR Market

February 10, 2021

The global CRISPR gene editing market was valued at $846.2 million in 2019 and is projected to reach $10,825.1 million by 2030, registering a compound annual growth rate of 26.86% during the forecast. This is according to the forecast report of Research and Markets.

The report, titled Global CRISPR Gene Editing Market: Focus on Products, Applications, End Users, Country Data (16 Countries), and Competitive Landscape - Analysis and Forecast, 2020-2030, highlights the answers to the key questions raised about CRISPR including:

  • What is CRISPR gene editing?
  • What is the timeline for the development of CRISPR technology?
  • How did the CRISPR gene editing market evolve, and what is its scope in the future?
  • What are the major market drivers, restraints, and opportunities in the global CRISPR gene editing market?

The growth in the CRISPR market was attributed to the increasing demand for food products with improved quality and nutrient enrichment, as well as targeted treatments for various diseases.

Read more from Research and Market's media release.

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