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Asia-Pacific Crispr Market Forecast 2021-2028


The Asia-Pacific CRISPR market is projected to grow with a CAGR of 21.18% during the evaluated period of 2021 to 2028. The region's market growth is primarily ascribed to key factors like the presence of well-recognized agricultural research facilities for the cultivation of productive and effective crops, the augmenting dependency of consumers on non-vegetarian foods like poultry meat, seafood, and red meat, as well as continued research and development (R&D) activities implemented in developing economies.


The Asia-Pacific CRISPR market growth assessment entails the in-depth evaluation of India, Singapore, Malaysia, China, Japan, South Korea, Thailand, Australia & New Zealand, and the rest of the Asia-Pacific. New CRISPR research within the agriculture sector in South Korea is anticipated to propel the country's market growth. For instance, in 2019, G+FLAS Life Sciences Inc (G+FLAS), a CRISPR/Cas genome editing enterprise in South Korea, declared that they licensed two patents associated with Non-GMO approaches of plant genome engineering. The licensed DNA-free CRISPR genome editing technologies facilitate the cultivation of genome-edited crops without the use of foreign DNA.

On the other hand, the Genome Institute of Singapore (GIS) is part of the Agency for Science, Technology, and Research (A*STAR). It is responsible for establishing key enabling technologies for nucleic acids' precision engineering. The institute also engineers genes, genomes, and genetic pathways to enable the dissection of disease mechanisms as well as the generation of new disease models to ultimately develop targeted therapeutics. Hence, these factors are set to influence the market growth in the Asia-Pacific.


Key companies operating in the market are Intellia Therapeutics, Daiichi Sankyo, ERS Genomics, etc.

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Asia-Pacific Crispr Market Forecast 2021-2028
Published By :Inkwood Research
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