Press release
Rising Biopharmaceutical Industry Fuels Growth In Competent Cells Market: An Emerging Driver Transforming The Competent Cells Market Landscape
Competent Cells
What Is the Projected Growth of the Competent Cells Market?
The competent cells market has grown rapidly in recent years. It will grow from $2.65 billion in 2024 to $3.01 billion in 2025 at a CAGR of 13.6%. This growth is attributed to rising demand for genetic cloning, increased government funding for life sciences research, the growth of the biotechnology workforce, a focus on rare disease research, and the outsourcing of research activities to contract research organizations.
The competent cells market will grow to $4.97 billion by 2029 at a CAGR of 13.3%. This growth is driven by the demand for personalized medicine, recombinant protein production, and industrial biotechnology. Trends include AI, quantum computing, 5G technology, and wearable technology.
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What Are the Different Competent Cells Market Segments?
The competent cells market covered in this report is segmented -
1) By Type: Chemically Competent Cells, Electrocompetent Cells, Ultracompetent Cells
2) By Application: Cloning, Protein Expression, Mutagenesis, Other Applications
3) By End User: Contract Research Organizations, Pharmaceutical And Biotechnology Companies, Academic Research Institutes, Other End-Users
Subsegments
1) By Chemically Competent Cells: E. Coli Competent Cells, Bacillus Subtilis Competent Cells
2) By Electrocompetent Cells: E. Coli Electrocompetent Cells, Other Bacterial Electrocompetent Cells
3) By Ultracompetent Cells: E. Coli Ultracompetent Cells, Other Ultracompetent Cell Types
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What Are the Primary Drivers Shaping the Competent Cells Market?
The growing biopharmaceutical industry is expected to promote the growth of the competent cells market. The biopharmaceutical industry focuses on developing drugs from biological sources using biotechnology. This sector is expanding due to advances in biotechnology, the demand for personalized medicine, and increasing investments in R&D. Competent cells are used in biopharmaceuticals for genetic engineering and protein expression, essential for drug development. For example, the U.S. biopharmaceutical industry generated over $800 billion in direct output in 2022, according to the Pharmaceutical Research and Manufacturers of America (PhRMA). As a result, the growing biopharmaceutical industry is driving the competent cells market.
Which Companies Are Leading in the Competent Cells Market?
Major companies operating in the competent cells market are Thermo Fisher Scientific Inc., Avantor Inc., Agilent Technologies Inc., Sigma-Aldrich, Bio-Rad Laboratories Inc., QIAGEN N.V., Promega Corporation, GenScript Biotech Corporation, Takara Bio Inc., New England Biolabs Inc., TransGen Biotech Co. Ltd., HiMedia Laboratories Pvt. Ltd., Zymo Research Corporation, Lucigen Corporation, Meridian Bioscience Inc., Codex DNA Inc., OriGene Technologies Inc., SERVA Electrophoresis GmbH, SMOBIO Technology Inc., Yeastern Biotech Co. Ltd., Scarab Genomics LLC, Enzynomics Co. Ltd., NZYTech Lda., Gold Biotechnology Inc., Abyntek Biopharma S.L
What Trends Are Expected to Dominate the Competent Cells Market in the Next 5 Years?
Companies in the competent cell market are focusing on innovative kits, like replication competent lentivirus kits, to improve cell and gene therapy processes. In February 2024, Bio-Rad Laboratories, a US-based company, launched replication competent lentivirus and AAV kits using advanced ddPCR technology to enhance the safety and efficacy of viral vectors used in gene therapies.
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What Are the Top Revenue-Generating Geographies in the Competent Cells Market?
North America was the largest region in the competent cells market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the competent cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Competent Cells Market?
2. What is the CAGR expected in the Competent Cells Market?
3. What Are the Key Innovations Transforming the Competent Cells Industry?
4. Which Region Is Leading the Competent Cells Market?
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