In a recent published report, Kenneth Research has updated the market report for Transfection Reagents and Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Transfection Reagents and Equipment Market products.
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The global Transfection Reagents and Equipment Market was valued at USD 715.34 million in 2016 and is projected to reach USD 1636.46 million by 2025, growing at a CAGR of 7.43% from 2017 to 2025.
Transfection reagents are a part of novel biotechnology techniques. There is high demand of transfection solutions for efficient delivery of DNA, siRNA, oligos, and RNA into adherent and suspension cells, including hard-to-transfect cells. The market is thus expected to grow during the forecast period.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Technological Advancements in Transfection Technology
1.2 Global Alliances Among Leading Research Institutes to Trigger Drug Discovery
1.3 Increase in R&D Spending and Research Activities By Pharmaceutical and Biotech Companies
1.4 Growing Research Activities in Cell Science
1.5 Increase in Demand for Synthetic Genes
1.6 Rising Incidence of Cancer Worldwide
2. Market Restraints
2.1 Selective Effectiveness of Transfection Reagents
2.2 Home Brew Reagents Restrict Sale of Commercial Kits
2.3 High Reagent Cost
Market Segmentation:
1. Global Transfection Reagents and EquipmentMarket, by End User:
1.1 Academics & Research Institutes
1.2 Pharmaceutical & Biotechnology Companies
2. Global Transfection Reagents and EquipmentMarket, by Application:
2.1 Biomedical Research
2.1.1 Gene Expression Studies
2.1.2 Cancer Research
2.1.3 Transgenic Models
2.2 Protein Production
2.3 Therapeutic Delivery
3. Global Transfection Reagents and Equipment Market, by Product:
3.1 Reagents
3.2 Equipment
4. Global Transfection Reagents and Equipment Market, by Method:
4.1 Biochemical Methods
4.1.1 Lipofection
4.1.2 Calcium Phosphate
4.1.3 DEAE-Dextran
4.1.4 Dendrimers
4.2 Physical Methods
4.2.1 Electroporation
4.2.2 Nucleofection
4.2.3 Others
4.3 Viral Methods
4.3.1 Adenoviruses
4.3.2 Retroviruses
4.3.3 Adeno associated Viruses
5. Global Transfection Reagents and Equipment Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Thermo Fisher Scientific Inc. (Life Technologies)
2. Promega Corporation
3. Qiagen N.V.
4. F. Hoffmann-La Roche Ltd
5. Bio–Rad Laboratories, Inc.
6. Maxcyte, Inc.
7. Lonza Group Ltd.
8. Merck KGaA
9. Polyplus-Transfection Sa (Subsidary of Archimed)
10. Mirus Bio LLC.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Transfection Reagents and EquipmentMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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