Global Transfection reagents & equipment Market to reach USD 1430.1 million by 2025 | CAGR: 8.00%
Global Transfection reagents & equipment Market is valued at USD 715.4 million in 2016 is anticipated to grow USD 1430.1 million with the compounded annual growth of 8.00% over the forecast period 2017-2025.
New York 8 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Transfection reagents & equipment industry is poised to raise USD 1430.1 million by 2025. The key factors driving the growth of this market are technological advancements in transfections, global alliances among leading research institutes to trigger drug discovery, increase in R&D spending and research activities by pharmaceutical and biotechnology companies, increase in demand for synthetic genes, and rising incidence of cancer. On the other hand, factors such as the selective effectiveness of transfection reagents, homebrew reagents by researchers, and the high cost of transfection reagents are expected to limit the growth of the market.
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Global Transfection reagents & equipment Market Size study, by Method (Biochemical (Calcium Phosphate, Lipofection, Dendrimers), Physical (Electroporation, Nucleofection), Viral)), by Application (Biomedical, Protein Production), by End-User (Academic & research institute, Pharmaceuticals & biotechnology companies) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Thermo fisher scientific Inc., promega corporation, qiagen N.V., F. Hoffmann-la roche Ltd., Bio-rad laboratories Inc and so on. Other market players discussed in the report include Maxcyte Inc., Lonza group Ltd., Merck KGaA, mirus bio LLC. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
Bizwit Research & Consulting LLP has considered following segments for the study:
- Calcium phosphate
- Protein production
- Academic & research institute
- Pharmaceuticals & biotechnology companies
- North America
- Asia Pacific
- Latin America
- Rest of the World