From GlobeNewswire: 2025-06-11 09:30:00

The global CRISPR Technology Market was valued at USD 3.45 billion in 2023 and is projected to reach USD 14.75 billion by 2032, growing at a CAGR of 17.17% during the forecast period. The U.S. market is expected to reach USD 5.23 billion by 2032, with North America leading due to R&D investments and major biotech firms. Major players include Thermo Fisher Scientific, Editas Medicine, and CRISPR Therapeutics. The market is driven by gene editing, rising genetic disorders, and agricultural applications.

The CRISPR technology market is set to grow due to increasing demand for gene editing, rising genetic disorders, and agricultural applications. The market value is projected to grow substantially by 2032, with the U.S. market estimated to reach USD 5.23 billion. Major players include Thermo Fisher Scientific, Editas Medicine, and CRISPR Therapeutics. The pharmaceutical and biotechnology companies segment dominates the market, with academic & research institutes expected to register the fastest growth.

In the CRISPR technology market, drug discovery & development segment holds the largest share, driven by benefits like revolutionizing biomedical research and personalized medicine. Agriculture segment is the fastest-growing, with CRISPR technology being used to increase crop output and improve resistance to pathogens. Pharmaceutical and biotechnology companies dominate the market, while academic & research institutes are expected to grow rapidly due to rising funding for gene editing research.

North America leads the CRISPR Technology Market with 45% market share in 2024, driven by developed biotechnology infrastructure and early adoption of gene-editing technologies. Asia-Pacific is expected to register the fastest growth due to rising biotechnology research investments and government initiatives for genomic medicines. Countries like China, Japan, and India are witnessing surging demand for precision medicine and genetic testing.

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