Transfection Reagent And Equipment Market Is Predicted To Grow Swiftly Due To Growing Need For Protein Production, Biopharmaceutical Development & Vaccine Research Till 2022: Grand View Research, Inc.
The global transfection reagent & equipment market is
expected to reach USD 1,086.02 million by 2022, according to a new report by
Grand View Research, Inc. This anticipated growth in demand can be attributed
to growing need for protein production, biopharmaceutical development, and
vaccine research and development; all of which rely heavily on cytological
R&D and transfection.
Larger market entities are also
involved in efforts to expand their market presence in the Asia Pacific region
and tap the high potential for growth available. Expected growth of genomic and
proteomic research is also a strong factor which will positively impact the
growth in demand for transfection.
U.S. Transfection Reagent
& Equipment Market revenue by method, 2012-2022, (USD Million)
Browse full research report on Transfection Reagent And Equipment Market:
Further key findings from
the report suggest:
- Out of both
the broad segments of products available, transfection equipment accounted
for a larger share of the market in 2014 and owing to their inherently
more expensive nature than reagents are expected to maintain this dominant
position over the forecast period.
- The market
space for transfection has an abundant number of methods to achieve the
aforementioned. However, these vary significantly in usage rates and
implementation complexities. Electroporation and liposomal transfection
combine to account for over 30% of the market owing to high associated
advantages.
- Growing
applications of transfection techniques poise the segments in a strong
position and estimated valuation clocks usage of transfection in gene
expression at over USD 130 million and for protein production at over USD
110 million for the year 2014.
- North America
was observed to be responsible for the largest share of revenue in 2014
which amounted to a little over USD 240 million. The United States houses
the headquarters of operations for a number of market leaders and a number
of established research and development. This provides a strong platform
for development, manufacture & distribution various vaccines, and
biopharmaceuticals which fuels market growth.
- However, it
is Asia Pacific region which is anticipated to witness significant growth
over the forecast period in various segments owing to considerable growth
of cytological research, development of biosimilar drugs and high
potential of growth in these relatively untapped regional segments.
- Asia Pacific
is expected to grow at a significant rate over the forecast period in
terms of increasing production and development of vaccines, drugs, and new
biologics. Supportive government initiatives pertaining to increasing
investments by manufacturers and governments in biopharmaceutical
manufacturing and high untapped market opportunities are the important
factors accounting for the expected growth of market in this region over
the forecast period.
- Promega,
Roche and Thermo Fisher owned Life Technologies accounted for the largest
of revenue in 2014 and are involved in new product development for
expansion of their portfolios over the forecast period. Acquisition of
smaller players is also expected over the forecast period by larger
companies
- Key market
players in the Transfection Reagent & Equipment Market include BTX
(Harvards Apparatus Inc.), SignaGen Laboratories, OriGene Technologies,
EMD Millipore, VWR International LLC, Bio-Rad Laboratories Inc., Mirus Bio
LLC, F. Hoffman-La Roche AG, Lonza AG, Life Technologies (Thermo Fisher),
and Promega Corporation.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-transfection-reagent-equipment-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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