How is the genome editing market landscape evolving: Currently, there is an evident increase in demand for complex biological therapies (including regenerative medicine products), which has created an urgent need for robust genome editing techniques. The biopharmaceutical pipeline includes close to 500 gene therapies, several of which are being developed based on CRISPR technology. Recently, in July 2019, a first in vivo clinical trial for a CRISPR-based therapy was initiated.
Why is CRISPR gaining so much traction: Over the years, more than 10,000 patents related to the CRISPR technology have been filed/granted to various industry players and academic institutions, indicative of the ongoing pace of R&D in this field of research. The immense benefits offered by CRISPR makes it one of the most preferred genome editing approach.