Transfection Reagents And Equipment Market Shows Expected Growth from 2022-2030 With Upcoming Trends, Analysis by Manufacturers

The Transfection Reagents And Equipment Market is expected to grow from US$ 1,170.79 million in 2022 to US$ 2,145.03 million by 2030; it is anticipated to record a CAGR of 7.8% from 2022 to 2030.

Growing Economic Burden of Cancer is Driving the Transfection Reagents and Equipment Market Growth

According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, and it accounted for ~10 million deaths in 2020. As per the International Agency for Research on Cancer, the global cancer burden is likely to increase with the addition of 30.2 million more cases by 2040. According to the Breast Cancer Organization, approximately 5-10% of breast cancer cases worldwide are hereditary and are caused by abnormal genes passed from generations.

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Analysis of the Top Market Players:

1. Thermo Fisher Scientific Inc.
2. Promega Corporation
3. Qiagen N.V.
4. Merck KGaA
5. Lonza Group
6. F.Hoffmann-La Roche Ltd
7. Bio-Rad Laboratories Inc.
8. Mirus Bio LLC
9. MaxCyte Inc
10. Polyplus-Transfection SA.

In this report, the market has been segmented on the basis of:

Product
- Reagents and Instruments

Method
- Viral Methods
- Non Viral Methods
- Hybrid Methods

Application
- Biomedical Research
- Protein Production
- Therapeutic Delivery

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According to the article "Lifestyle, Genetic Risk and Incidence of Cancer," published in the International Journal of Epidemiology in 2023, nearly 33% of cancer conditions that occur are hereditary, and the risk of genetic mutations is high in the disease. Hence, people opt for genetic profiling for the early detection and personalized treatment of hereditary cancer cases. BRCA1 and BRCA2 are sometimes referred to as tumor suppressor genes. People who inherit the harmful variants of one of these genes are at a greater risk of several cancers, most notably breast and ovarian cancer, among other types.

These people also tend to develop cancer at younger ages compared to people who do not have variations in the said genes. Studies focused on nucleic acid processing by cancer cells will likely help understand cancer metabolism. DNA is typically packaged into a viral or non-viral particle to be transferred into the cell to be transfected. Gene transfer has been proposed as a new approach to enhance the effectiveness of antitumor drugs in treating intractable or metastatic cancers. The association of gene therapy and drugs (similar therapy) has been reported to strengthen the antiproliferative effects of classical treatments in lung, colorectal, pancreatic, bladder, and breast cancers, among others. Thus, the elevating economic burden of cancer bolsters the transfection reagents and equipment market.

Cell and gene therapy manufacturing is a complicated process, which makes its execution and monitoring critical. Advancements in biotechnology have led to the adoption of personalized treatments for the treatment of numerous indications. Cell and gene therapies are mostly used to treat chronic diseases such as neurological disorders, cancer, and genetic disorders. The noteworthy advantages of cell and gene therapy include targeted treatment, faster and more efficient recovery, and reduced side effects. Cell and gene therapies are widely adopted worldwide owing to the availability of Food and Drug Administration (FDA) approved products.

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