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Emerging Trends to Drive Transfection Reagents And Equipment Market Growth at 11.2% CAGR Through 2029
Transfection Reagents And Equipment
Transfection Reagents And Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, we have noticed substantial growth in the market size of transfection reagents and equipment. Estimated to be worth $1.58 billion in 2024, it is predicted to increase to $1.74 billion in 2025, displaying a compound annual growth rate (CAGR) of 9.8%. Factors such as the increasing demand for biomedical research, pharmaceutical advancements, the surge in biotechnology applications, the influence of academic and research institutions, and advancements in genetic engineering contribute to the growth witnessed in the historical period.
How Will the Transfection Reagents And Equipment Market Size Evolve and Grow by 2029?
There is an anticipated rapid expansion in the transfection reagents and equipment market in the coming years, with the market size projected to hit $2.66 billion by 2029, with a CAGR of 11.2%. This growth during the forecast period can be linked to developments in gene therapy, escalating needs for bioproduction, the rise of cell-based therapies, research in personalized medicine, and worldwide collaborations. Over the forecast period, market trends will likely include a focus on primary cell transfection, a move towards electroporation techniques, the adoption of nanotechnology in transfection, increased demand for animal-free transfection reagents, as well as automation and high-throughput transfection systems.
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What Drivers Are Propelling the Growth of Transfection Reagents And Equipment Market Forward?
The increase in global cancer cases is anticipated to boost the expansion of the transfection reagents and equipment market. Cancer describes a set of diseases characterized by the abnormal and uncontrolled growth of cells. Transfection reagents, which are frequently used in cancer research, introduce alien genetic material like plasmid DNA or RNA molecules. This allows researchers to explore cancer biology, including gene expression studies, gene silencing, drug screening, and target validation. For example, the American Cancer Society, a non-profit organization based in the US, recorded 20 million new cancer cases and 9.7 million deaths in 2022. Consequently, the growth of the transfection reagents and equipment market is fueled by the escalating number of cancer patients worldwide.
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What Are the Key Trends Driving Transfection Reagents And Equipment Market Growth?
There's a rising trend of product innovation within the transfection reagents and equipment market, with leading companies striving to invent novel products to maintain their market standing. For instance, Polyplus-Transfection SA, a biotech company based in France, unveiled an in vivo-jetRNA+ transfection reagent in September 2022. Crafted for in vivo mRNA delivery using a pre-set liposome formulation, this cutting-edge product is capable of efficiently and effectively delivering mRNA to a variety of tissues and cell types. The reagent is not only safe and well-tolerated but also holds promise for the development of new gene therapies. Its ready-for-use design eliminates formulation stages, while the constant liposome size facilitates varying mRNA concentrations over time, from low to high. The reagent can be employed for prophylactic vaccinations, mRNA therapies like cancer treatment and rare diseases, and gene editing.
What Are the Key Segments in the Transfection Reagents And Equipment Market?
The transfection reagents and equipment market covered in this report is segmented -
1) By Products: Instruments, Reagent And Kits
2) By Types Of Molecule: Plasmid DNA, DNA Oligonucleotides, Small Interfering RNA (SiRNA), Proteins, Ribonucleoprotein Complexes (RNPs), Other Molecules
3) By Organism: Bacteria, Mammalian Cells, Fungi, Plants, Virus
4) By End User: Biopharma, Contract Research Organizations (CROs), Contract Manufacturing Organizations (CMOs) And Contract Development And Manufacturing Organizations (CDMOs), Academia, Hospitals, Clinical Labs, Other End Users
Subsegments:
1) By Instruments: Electroporation Systems, Microinjection Systems, Particle Bombardment Systems, Other Instruments
2) By Reagent And Kits: Lipid-Based Transfection Reagents, Polymer-Based Transfection Reagents, Protein-Based Transfection Reagents, Nucleic Acid Delivery Kits, Other Reagents And Kits
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Who Are the Key Players Shaping the Transfection Reagents And Equipment Market's Competitive Landscape?
Major companies operating in the transfection reagents and equipment market include 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, Genlantis, Biontex Laboratories GmbH, Boca Scientific Inc., Jena Bioscience GmbH
What Geographic Markets Are Powering Growth in the Transfection Reagents And Equipment Market?
North America was the largest region in the transfection reagents and equipment market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transfection reagents and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Saumya Sahay
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Email:saumyas@tbrc.info
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