CRISPR Genomic Cure Market is driven by gene editing innovations
CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) technology utilizes a specialized protein called Cas9 to target and cut specific strands of DNA. This allows for problematic DNA code to be corrected, which has immense medical potential to cure genetic diseases. CRISPR can target any DNA sequence and has already been used to successfully cure genetic conditions in animal models. This precise gene editing approach addresses the root cause of illnesses rather than just managing symptoms. Some examples of diseases targeted include cystic fibrosis, sickle cell anemia, HIV/AIDS, and certain types of cancer. The CRISPR process is more efficient and less expensive than previous genetic modification methods.The global CRISPR genomic cure market size is expected to reach US$ 11.71 Bn by 2030, from US$ 3.18 Bn in 2023, at a CAGR of 20.5% during the forecast period.
Key Takeaways
Key players operating in the CRISPR Genomic Cure market are Intellia Therapeutics, CRISPR Therapeutics, Editas Medicine, Caribou Biosciences and Egenesis. These companies are engaged in expanding clinical trials and partnering with biopharma firms to accelerate research.
Growing CRISPR Genomic Cure Market Demand for personalized medicine is fueling development of CRISPR therapies. The ability to precisely target disease-causing mutations enables customized treatment options tailored to an individual’s genetic makeup. This trend towards precision medicine will drive wider adoption of gene editing tools like CRISPR.
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