Transfection Reagents and Equipment Market Size and Growth Analysis 2023.
Added: (Thu Jul 18 2019)
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Market Overview:
Transfection Reagents and Equipment Market size was around USD 826.73 million in 2018. It is anticipated to grow at a CAGR of 7.5 % to reach USD 1186.88 billion by 2023.The process of Transfection Reagents and Equipment Market, such as DNA and double-stranded RNA, into mammalian cells, is called transfection. Transfection reagents are the substances containing the genetic material whereas the instrument is used as a delivery mechanism. Many technological advancements happening within the transfection reagents and instrument market over the years has bound to a certain extent addressed the needs of researchers and biotechnology & biopharmaceutical industries. Transfection instruments with higher potential are the result of these advancements. In addition to that, efficient quantitative and qualitative transfection in a vast variety of cells, together with the hard-to-transfect cells are also the result of this. Global Transfection Reagents and Equipment market size was around USD 826.73 million in 2018. It is anticipated to grow at a CAGR of 7.5 % to reach USD 1186.88 billion by 2023.
Market Drivers and Restraints:
Technological advancements in transfections, alliances worldwide between the pioneering research institutes to trigger drug discovery, increased research and development disbursal in conjunction with the research activities by pharmaceutical and biotechnology industries, the increase in demand for artificial genes and increasing range of cases of cancer are fueling the expansion of this market. The selective effectiveness of transfection reagents, nevertheless reagents by researchers conjoined with high prices of transfection reagents are the first factors estimated to slow down the expansion of this market.
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Report Segmented as:
By Product:
• Reagents
• Instruments
By Method:
• Biochemical
• Calcium Phosphate
o Lipofection
Advantages
Disadvantages
o Calcium Phosphate
Advantages
Disadvantages
o DEAE-dextran
Advantages
Disadvantages
o Dendrimers
Advantages
Disadvantages
Geographical Segmentation:
Based on geography, the Global Transfection Reagents and Equipment Market have been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Currently, North America accounts for the largest market share closely followed by Europe while Asia Pacific has the highest CAGR.
Important Market Players:
Leading shareholders in the Transfection Reagents and Equipment market by the end of 2018 are Thermo Fisher Scientific Inc. (U.S.), Promega Corporation (U.S.), Hoffmann-La Roche Ltd. (Switzerland), and QIAGEN N.V. (Netherlands). These companies hold a leading position in the transfection reagent and equipment market because of their well-established presence in the fields of genomics, spanning fifty countries, substantial R&D investments, and strong sales as well as distribution force. Other players in the market include Polyplus-transfection SA (France), Bio-Rad Laboratories (U.S.), Lonza Group (Switzerland), Sigma-Aldrich Corporation (U.S.), Mirus Bio LLC (U.S.), and MaxCyte Inc. (U.S.).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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