Transfection Reagents And Equipment Market 2024: Latest Trends, Growth Rate, Opportunity Assessment And Forecast To 2033


Posted February 14, 2024 by SushmithaTBRC

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 Transfection Reagents And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s Transfection Reagents And Equipment Global Market Report 2024, the transfection reagents and equipment sector has witnessed substantial growth in recent years, surging from $1.46 billion in 2024 to an anticipated $1.62 billion in 2024, exhibiting a noteworthy compound annual growth rate (CAGR) of 11.5%. The ascendancy in the historical epoch can be attributed to burgeoning demand in biomedical research, pharmaceutical development, the proliferation of biotechnology applications, and the increasing prevalence of academic and research institutions, bolstered by strides in genetic engineering.

Forecasts posit a trajectory of rapid expansion for the transfection reagents and equipment market, poised to reach $2.43 billion by 2028, boasting a CAGR of 10.6%. This prospective surge is propelled by advancements in gene therapy, burgeoning bioproduction requisites, the advent of emergent cell-based therapies, a surge in research and development within personalized medicine, and the facilitation of global collaborations. Noteworthy trends anticipated during this period encompass a pronounced focus on primary cell transfection, a paradigm shift towards electroporation techniques, the amalgamation of nanotechnology into transfection processes, a mounting demand for animal-free transfection reagents, and the proliferation of automation alongside high-throughput transfection systems.

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.

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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

One discernible trend that has garnered traction in the transfection reagents and equipment landscape is product innovation, emerging as a pivotal facet among key industry players. Prominent entities in this domain are intensifying efforts towards crafting avant-garde products to fortify their market standing. An illustrative instance is the September 2022 unveiling by Polyplus-Transfection SA, a France-based biotechnology stalwart. The company introduced the in vivo-jetRNA+ transfection reagent, specifically designed for in vivo mRNA delivery employing a preformed liposome formulation. Renowned for its efficacy and scalability, this groundbreaking gene delivery system demonstrates the capability to deliver mRNA across diverse tissues and cell types. Furthermore, the reagent is distinguished by its safety profile and excellent tolerability, positioning it as a promising choice for the development of novel gene therapies. The ready-to-use formulation eliminates the need for intricate formulation stages, while the consistent liposome size facilitates varying mRNA concentrations, ranging from low to high, over time. Noteworthy applications include prophylactic vaccinations, mRNA-based treatments encompassing cancer therapy and rare diseases, as well as gene editing endeavors.

The transfection reagents and equipment market report table of contents includes:
1. Executive Summary
2. Transfection Reagents And Equipment Market Characteristics
3. Transfection Reagents And Equipment Market Trends And Strategies
4. Transfection Reagents And Equipment Market - Macro Economic Scenario
5. Global Transfection Reagents And Equipment Market Size and Growth

.....

31. Global Transfection Reagents And Equipment Market Competitive Benchmarking
32. Global Transfection Reagents And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transfection Reagents And Equipment Market
34. Transfection Reagents And Equipment Market Future Outlook and Potential Analysis
35. Appendix

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Last Updated February 14, 2024