Crispr Technology Market Analysis & Forecast: 2025-2032

The global CRISPR technology market is estimated to be valued at USD 3,656.2 Mn in 2025 and is expected to exhibit a CAGR of 19.4% during the forecast period (2025-2032). The global CRISPR technology market is experiencing strong growth due to the increase in disease burden and rising demand and adoption of CRISPR. Moreover, increasing government and private funding and technological advancements are expected to boost growth of the market. However, factors such as high costs of CRISPR and ethical concerns related to genetic research are expected to hinder growth of the CRISPR technology market.

Global CRISPR Technology Market: Regional Insights

Based on geography, the global CRISPR market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market over the forecast period owing to the increasing number of ongoing clinical trials and increasing research and development in this region. For instance, the first trial in the United States to test a CRISPR-made cancer therapy was launched in 2019 at the University of Pennsylvania. The study, funded in part by NCI (National Cancer Institute), is testing a type of immunotherapy in which patients own immune cells are genetically modified to better see and kill their cancer.

Asia Pacific is also expected to witness robust growth in the global CRISPR technology market owing to the increasing number of ongoing clinical trials in this region. For instance, in March 2021, Dublin-based ERS Genomics granted CRISPR-Cas9 patent to a Japanese biotech start-up, Setsuro Tech. Setsuro Tech is developing cell and animal models based on this technology, which in turn is expected to increase the adoption of CRISPR-Cas9 technology in the country leading to significant revenue generation in the near future.

Figure 1. Global CRISPR Technology Market Value (USD MN), by Region, 2025

To learn more about this report, Request sample copy

Global CRISPR Technology Market Drivers:

Increasing number of ongoing clinical trials across the globe is expected to augment the growth of the global CRISPR technology market over the forecast period. For instance, in March 2021, scientists at the UC San Francisco (University of California, San Francisco), UC Berkeley, and UCLA (the University of California, Los Angeles) received the United States Food and Drug Administration (FDA) approval for jointly launching an early phase, first-in-human clinical trial of a CRISPR gene correction therapy in patients with sickle cell disease (SCD) by using the patient’s own blood-forming stem cells.

Increasing development of novel therapeutics is expected to drive growth of the global CRISPR technology market over the forecast period. For instance, with the increasing disease burden, the demand for safe and effective therapeutics is also increasing with rapid pace. In December 2019, Cyrus Biotechnology, Inc., and the Broad Institute of MIT and Harvard have embarked on a scientific collaboration to optimize CRISPR for use in developing novel therapeutics. CRISPR allows for the highly specific and rapid modification of DNA in a genome, which can dramatically accelerate the drug discovery process.

Global CRISPR Technology Market Opportunities:

Outbreak of COVID-19 across the globe is expected to offer significant growth opportunities for players in the CRISPR technology market. For instance, CRISPR-Cas technology brings promises to diagnose and treat infectious diseases such as COVID-19. In May 2020, Sherlock Biosciences received Emergency Use Authorization from the Food and Drug Administration (FDA) for its Sherlock CRISPR SARS-CoV-2 kit, used to detect COVID-19 virus. Sherlock CRISPR SARS-CoV-2 kit could provide results in approximately one hour, a timeframe that was much lower than other tests available in the market at that time.

Increasing government and private funding is expected to offer lucrative growth opportunities for players in the CRISPR technology market. For instance, genome editing is a promising technology that could offer new treatments for diseases, but challenges remain. To help address them, in October 2019, the National Institutes of Health (NIH) awarded 24 additional grants (totaling around US$ 86 million) to researchers across the United States and Canada through the Somatic Cell Genome Editing Program. This brings total number of projects supported to 45 and total funding to around $190 million over six years, pending available funds.

Global CRISPR Technology Market Trends:

Growing adoption of CRISPR around the world is expected to propel the growth of the global CRISPR technology market. For instance, CRISPR technology help edit the gene by changing the DNA from the harmful variant to a healthy variant. This could potentially prevent or cure a genetic disease. In June 2021, QIAGEN launched QIAprep&amp CRISPR Kit and CRISPR Q-Primer Solutions that allow researchers to analyze edited genetic material with unparalleled speed and efficiency to determine how their interventions have changed function of the DNA sequence in question.

Technological advancements in CRISPR technology is expected to drive growth of the global CRISPR technology market. For instance, in December 2020, Scientists at UC Berkeley and Gladstone Institutes developed a new CRISPR-based COVID-19 diagnostic test that, with the help of a smartphone camera, can provide a positive or a negative result in 15 to 30 minutes, which can help doctors monitor the progression of a COVID-19 infection and estimate how contagious a patient might be.

Global CRISPR Technology Market Restraints:

High costs of CRISPR is expected to hamper growth of the global CRISPR technology market. For instance, the costs of CRISPR-based therapies remain exorbitant at the moment, with price tags exceeding US$ 1 million per treatment. Novartis has priced the gene therapy at $ 2 million per treatment. CRISPR has enormous clinical potential, but it comes at a high cost. Moreover, CRISPR medicines for large groups of patients are likely to be prohibitively expensive.

Ethical concerns related to genetic research are expected to hamper the growth of the CRISPR technology market. For instance, several ethical issues are raised when genomics research is conducted on populations that are characterized by lower average income and literacy levels. Thus, it is important that such issues are appropriately addressed in such research. The National Human Genome Research Institute has also discussed the ethical concerns of genome editing.

Figure 2. Global CRISPR Technology Market Share, By Product, 2025

To learn more about this report, Request sample copy

Recent Developments

In January 2023, Fluidx Medical Technology, Inc., a privately-held medical device company, announced the success of the IMPASS Embolic Device in in-vivo studies of middle meningeal artery (MMA) embolizations, which can be used to treat chronic subdural hematomas (CSDH) on the brain's surface.

In November 2022, Varian, a Siemens Healthineers company, announced that the first trial participant had been treated as part of GENESIS II (Genicular Artery Embolization in Patients with Knee Osteoarthritis), a study of Embozene microspheres for genicular artery embolization (GAE) as a treatment for mild to moderate knee osteoarthritis. GENESIS II is GAE's largest randomized clinical trial to evaluate pain alleviation for this chronic illness.

In August 2022, Boston Scientific Corporation, a medical device company, announced the acquisition of Obsidio, Inc., a privately-held company that created Gel Embolic Material (GEM) technology for embolizing blood vessels in the peripheral vasculature. GEM technology, recently approved by the U.S. Food and Drug Administration (FDA), is a semi-solid, patented material packaged in a ready-to-use form, decreasing the preparation time required for various embolization treatments.

In April 2021, Medtronic plc, a global pioneer in medical technology, gained U.S. FDA approval for its Pipeline Flex Embolization Device with Shield Technology. Medtronic plc developed Shield Technology, a proprietary breakthrough in biomaterial science, to advance flow diversion therapy by introducing the first surface-modified implant device with reduced material thrombogenicity, or the ability of the surface treatment material to form clots. NYU Langone Health in New York City completed the U.S.’s first patient procedure with the novel technology.

Global CRISPR Technology Market Segmentation:

The global CRISPR technology market report is segmented into Product, Application, End-User, and Region.

Based on Product, the market is segmented into Enzymes, Kits & Reagents, Guide RNA, and Others. Out of which, Enzymes Segment is expected to dominate the CRISPR technology market over the forecast period and this is attributed to the increase in demand or adoption of CRISPR technology. Cas9 enzymes together with CRISPR sequences form the basis of the technology known as CRISPR-Cas9 that can be used to edit genes within organisms.

Kits & Reagents Segment is also expected to witness significant growth in the near future and this is owing to the expanding research in gene editing tools. The CRISPR kits are specifically designed to show the entire spectrum of gene editing products that occur in the CRISPR/Cas reaction. The CRISPR kits use revolutionary CRISPR-Cas technology through an innovative educational activity that expands the understanding of this powerful genetic tool.

Based on Application, the market is segmented into Biomedical, Agricultural, Industrial, and Others. Out of which, Biomedical Segment is expected to dominate CRISPR technology the market over the forecast period and this is attributed to the increase in globe disease burden. CRISPR is a promising technology that could offer new treatments for diseases

Agricultural Segment is also expected to witness significant growth in the near future and this is owing to the increasing use of CRISPR technology in the agricultural industry. The CRISPR-Cas technology is a versatile genome editing tool that has been used to improve agriculturally important crop traits, such as quality, disease resistance, and herbicide tolerance.

Based on End User, the CRISPR technology market is segmented into Pharmaceutical companies and Biotechnology Companies, Academics and Government Research Institutes, and Others (CROs etc.). Out of which, Pharmaceutical and Biotechnology Companies Segment is expected to dominate the market over the forecast period and this is attributed to the expanding biopharmaceutical R&D and active engagement of various pharmaceutical and biotechnology companies in the development of novel therapies.

Global CRISPR Technology Market: Key Developments

In May 2021, ERS Genomics Ltd. and GenScript Biotech Corporation signed a non-exclusive license agreement, through which GenScript can have access to ERS Genomics’ CRISPR/Cas9 patent portfolio.

In March 2021, researchers from Nanyang Technological University, Singapore developed a CRISPR-based COVID-19 test that delivers results in 30 minutes. This test detects the virus even after the mutation. This would encourage other players to leverage this opportunity.

In May 2020, Mammoth Biosciences and GlaxoSmithKline Plc teamed up to develop an easy-to-use, accurate, rapid, and fully disposable test for COVID-19 detection by using Mammoth Biosciences CRISPR-based DETECTR platform.

In October 2020, Mammoth Biosciences signed agreement with MilliporeSigma and Hamilton Company for the commercialization of CRISPR-based SARS CoV-2 test.

Global CRISPR Technology Market: Key Companies Insights

The global CRISPR technology market is highly competitive. This is attributed to the increase in demand or adoption of this technology, as a result, players in the market are focusing on launching novel products in the market.

Some of the key players in the global CRISPR technology market are Merck KGaA, Thermo Fisher Scientific, Origene Technologies, Inc., New England Biolabs, GenScript, GeneCopoeia, Inc., Cellecta, Inc., Agilent Technologies, Inc., PerkinElmer, Inc. (Horizon Discovery Ltd.), and Danaher Corporation (Integrated DNA Technologies), among others.

*Definition: CRISPR is a technology that can be used to edit genes and, as such, will likely change the world. It is a powerful tool for editing genomes, meaning it allows researchers to easily alter DNA sequences and modify gene function. CRISPR allows scientists to quickly create cell and animal models, which researchers can use to accelerate research into diseases such as cancer and mental illness. It is now being developed as a rapid diagnostic.