Transfection Reagents Market Scope
With Advancements in the healthcare industry, it has been witnessed that transfection reagents played an important role in the study of gene function & regulation, mutational analysis and biochemical characterization of gene products. The Transfection reagents market has high growth prospects due to its high-efficiency, low-toxicity transfection in many cells. Additionally, the growing popularity of biopharmaceuticals and the ongoing development of drug delivery systems propelled the transfection reagents market. Moreover, a growing trend in the transfection reagents market has been witnessed with respect to the demand for advanced techniques such are stable and transient transfection expected to fuel the market growth during the forecasted period.
According to AMA, the Global Transfection Reagents market is expected to see growth rate of 7.4% and may see market size of USD1358.9 Million by 2026.
In the Transfection Reagents market, it has been observed that most of the manufacturing companies are providing innovating solutions for the delivery of nucleic acids in research, bio-production, and therapeutics. It also involved in improving viability and morphology after transfection for more relevant data. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Transfection Reagents market throughout the predicted period.
Thermo Fisher Scientific Inc. (United States), Promega Corporation (United States), Hoffmann-La Roche Ltd. (Switzerland), QIAGEN N.V. (Netherlands), Polyplus-transfection SA (France), Bio-Rad Laboratories (United States), Lonza Group (Switzerland), Sigma-Aldrich Corporation (United States), Mirus Bio LLC (United States) and MaxCyte Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Transfection Reagents market by Type (Reagents and Instruments), by Application (Biomedical Research, Gene Expression Studies, Cancer Research, Transgenic Model, Protein Production and Therapeutic Delivery) and Region with country level break-up.
On the basis of geography, the market of Transfection Reagents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
In May 2018, Altogen Biosystems launched a cGMP-grade nanoparticle transfection reagent for In Vivo Delivery. These innovative products beneficial for high transfection efficiency, reproducibility and robustness approach for medical applications. It is also beneficial for a new business portfolio and raises market penetration.
Market Trend
- Value-Oriented Customers
- The rapid Progress of Cell and Gene Therapies Boost the Market
Market Drivers
- Increasing Incidence of Cancer Patients Globally
- Growing Research Activities in Cell Science.
- Upsurge Demand for Nano-Science Technology
Opportunities
- Technological Advancements in Transfection Technology Such as Car-T, Crispr-Cas9 and Others.
- Rising in R&D Investments and Research Activities Boost the Pharmaceutical and Biotech Companies
Restraints
- High Cost Associated with Transfection Reagent.
- Stringent Restriction upon Sale of Commercial Kits
Challenges
- Threats of Cytotoxicity in Transfection.
- Transfection in Hard-to-Transfect Cells is Anticipated to Challenge the Market
Key Target Audience
Transfection Reagent Manufacturers, Transfection Reagent Provider, End-Use Market Participants of Different Segments of Transfection Reagent, Government and Research Organizations, R&D Institutions and Others