Crop Biotech Update

CRISPR Market Size to Reach US$3.73B by 2032

August 24, 2022

In 2021, the CRISPR/CRISPR-associated genes market was valued at US$1.56 billion. With a compound annual growth rate (CAGR) of 16.67%, the market is expected to reach US$3.73 billion by 2032, Market.us reported.

CRISPR has a wide array of applications, particularly for genome editing. Its popularity has increased over the years since its discovery as a tool in genetics. Since then, CRISPR has been driving developments in genome editing across medicine and biotechnology.

The market growth is attributed to the increasing investments by biotechnology companies and non-profit entities in research and developmental initiatives. The primary drivers are the pharmaceutical and biopharmaceutical industries.

Read the original article from Eturbo or download the report from Market.us to know more.

You might also like: