Competent Cells Market Growth to Reach $2.58 Billion by 2023

Competent Cells Market Overview
Transformation is a manner of horizontal gene transfer by which some bacteria take up external genetic material (naked DNA) from the environment. The precondition for microorganisms to undergo transformation is its ability to take up open, extracellular genetic material. Such microorganisms are termed competent cells.

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Developments in molecular cloning research due to the advent of new technologies and the rising commercial demand for molecularly cloned products and recombinant proteins are some the key force driving the growth of this market. However, growing market consolidation creating strong entry barriers and the huge cost of competent cells kits are restricting the growth of this market.

Competent Cells Market Forecast Report (2018-2023)
The Global Competent Cells Market is worth USD1.58 billion in 2018 and estimated to grow at a CAGR of 10.3%, to reach USD 2.58 billion by 2023. The global Competent Cells market is developing at an exceptionally quick pace.

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Competent Cells Market Segmentation
The Global market for Competent Cells is segmented on the basis of type, application, end user and region. Based on the type, the market is segmented into Chemically, Electro competent. Based on application, the market is segmented into Subcloning, Phage Display Library Production, Unstable DNA Cloning, High-Throughput Cloning, and Mutagenesis. The chemically competent cells segment is expected to dominate the market in 2016. Cloning is estimated to command the major share of this market in 2017. Increasing study on cloning, driven by government funding is among the major reasons driving market growth in this segment. Based on the end user, the market is segmented into Pharmaceutical Companies, Academia. Cloning is estimated to command the major share of this market in 2017. Increasing study on cloning, driven by government funding is among the major reasons driving market growth in this segment. In 2016, the academic research institutes segment is likely to have for the largest share of the market.

Geographically, the Competent Cells market is fragmented into Asia-Pacific, North America, Europe, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.

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Major Players:
The major companies dominating this market for its products and services are
• Bio Dynamics Laboratory, Inc. (Japan),
• GCC Biotech (India),
• SMOBIO Technology (Taiwan),
• Thermo Fisher Scientific, Inc. (U.S),
• QIAGEN N.V. (Germany),
• OriGene Technologies (U.S.),
• Merck KGaA (Germany),
• Promega Corporation (U.S.),
• Bioline (U.K.),
• Zymo Research (U.S.)

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