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Transfection Reagents and Equipment Market 2033: Size, Trends, and Forecast Insights
Transfection Reagents And Equipment Global Market Report 2024
According to The Business Research Company's, The transfection reagents and equipment market size has grown rapidly in recent years. It will grow from $1.46 billion in 2023 to $1.62 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to biomedical research demand, pharmaceutical development, rise in biotechnology applications, academic and research institutions, genetic engineering advancements..
The transfection reagents and equipment market size is expected to see rapid growth in the next few years. It will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to gene therapy advancements, increasing bioproduction needs, emerging cell-based therapies, r&d in personalized medicine, global collaborations.. Major trends in the forecast period include focus on primary cell transfection, shift towards electroporation techniques, integration of nanotechnology in transfection, increasing demand for animal-free transfection reagents, automation and high-throughput transfection systems..
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Market Drivers and Trends:
The rising number of cancer patients worldwide is expected to propel the growth of the transfection reagents and equipment market going forward. Cancer is a group of diseases in which cells grow abnormally and uncontrollably. Transfection reagents are commonly used in cancer research to introduce foreign genetic material, such as plasmid DNA or RNA molecules, and allow researchers to investigate various aspects of cancer biology, such as gene expression studies, gene silencing, drug screening, and target validation. For instance, in 2021, according to the American Cancer Society, 1.8 million new cancer cases were diagnosed in 2020. Therefore, the rising number of cancer patients worldwide drives the growth of the transfection reagents and equipment market.
Product innovation is a key trend gaining popularity in the transfection reagents and equipment market. Major companies operating in the transfection reagents and equipment market are focusing on developing innovative products to sustain their position in the market. For instance, in September 2022, Polyplus-Transfection SA, a France-based biotechnology company, launched an in vivo-jetRNA+ transfection reagent for in vivo mRNA delivery using a preformed liposome formulation. This innovative product is a highly efficient and scalable gene delivery system that can deliver mRNA to various tissues and cell types. The reagent is also safe and well-tolerated, making it a promising option for developing new gene therapies. The ready-to-use structure avoids the need for formulation stages, and the stable liposome size allows for mRNA concentrations ranging from low to high over time. Prophylactic vaccinations, mRNA treatments (cancer therapy, uncommon diseases, others), and gene editing are examples of applications.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc.; Promega Corporation; Qiagen N.V.; Bio-Rad Laboratories Inc.; Maxcyte Inc.; Lonza Group Ltd.; Merck KGaA; Mirus Bio LLC; OriGene Technologies Inc.; PromoCell GmbH; PerkinElmer Inc.; Agilent Technologies Inc.; Altogen Biosystems; Applied Biological Materials Inc.; Bex Co. Ltd.; Sartorius AG; Takara Bio Inc.; Tecan Trading AG; Polyplus-transfection SA; Sigma-Aldrich Corporation; Hoffmann-La Roche Ltd.; Transfection Technologies Inc.; Viromer; ABM Inc.; Bio-Techne Corporation; Biotium Inc.; Cell Applications Inc.; chemicell GmbH; Clontech Laboratories Inc.; Genlantis; Inovio Pharmaceuticals Inc.; Biontex Laboratories GmbH; Boca Scientific Inc.; Jena Bioscience GmbH
Transfection Reagents And Equipment Market 2024 Key Insights:
• The transfection reagents and equipment market size will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Rising Cancer Rates Fuel Growth In Transfection Reagents And Equipment Market
• Innovation Drives Transfection Reagents And Equipment Market With Novel Products
• North America was the largest region in the transfection reagents and equipment market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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