The transfection technologies market is expected to witness a CAGR of around 8% during the forecast period. Transfection is a modern and powerful method used to insert foreign nucleic acids into eukaryotic cells. The ability to modify host cells’ genetic content enables the broad application of this process in studying normal cellular processes, disease molecular mechanisms, and gene therapeutic effects.
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Biosimilar drug development is accelerated as several drug patents are anticipated to lapse in the coming years. A combination of cytological, genomic, and proteomic analysis is crucial to their development. As a result, the use of transfection equipment and reagents in proteomic and genomic research has grown. Furthermore, rising cases of cancer & high demand for the synthetic gene will increase the growth of the transfection technologies market. For instance, according to the data provided by the International Agency for Research on Cancer (IRAC) in 2018, it is estimated that there will be more than 27.5 million new cancer cases by 2040. Also, the two main purposes of transfection are to produce recombinant proteins or to specifically enhance or inhibit gene expression in transfected cells. As such, transfection is a powerful analytical tool for the study of the function and regulation of genes or gene products, for the production of transgenic organisms, and as a method for gene therapy.
Based on product type, the market is segmented into reagent, instrument, and others. Among them, the reagent category is to witness lucrative growth during the forecast period. This growth can be attributed to factors like advancements in transfection technology, global alliances between leading research institutes to spur drug discovery, rising pharmaceutical and biotechnology companies' R&D spending and research activities, an increase in demand for synthetic genes, and a rise in the
prevalence of cancer.
Based on the application, the market is categorized into therapeutic delivery, bio-medical research, protein production, and others. Among these, the therapeutic delivery category is anticipated to register a lucrative CAGR during the forecast period. This is mainly due to the rising demand for precise therapeutic procedures and intensifying research and development activities associated with novel drug and transfection technique discoveries.
North America to witness extensive growth
For a better understanding of the market adoption of the transfection technologies market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the presence of cutting-edge research labs and leading pharmaceutical companies that are continuously contributing to research and development. The full-fledged economies of the states in North America force them to spend an incalculable amount of money on developing modern treatments. Additionally, the rising obesity and breast cancer rates in the US are the major contributor to this sector's dominance in the transfection technologies market. For instance, in 2020, there were 2.3 million women diagnosed with breast cancer and 685 000 deaths globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world’s most prevalent cancer.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Transfection Technologies Market are Lonza Group Ltd., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Roche, QIAGEN, Mirus Bio LLC, SignaGen Laboratories, Genlantis Inc., OZ Biosciences, and Promega Corporation.
“Global Transfection Technologies Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Transfection represents the process of introducing foreign nucleic acids, including oligonucleotides, Deoxyribonucleic Acid (DNA), Ribonucleic Acid (RNA), etc., into the eukaryotic cells via nonviral procedures.
As a result, transfection technologies find extensive usage in target validation, drug discovery, cellular research, etc.Request for a PDF sample of this report: https://www.imarcgroup.com/europe-transfection-technologies-market/requestsampleThe increasing prevalence of several chronic diseases, such as cancer and cardiovascular ailments, is primarily strengthening the Europe transfection technologies market.
Besides this, the elevating focus on developing protein therapeutics, along with the rising collaborations among leading research institutes for drug discovery projects, is also acting as another significant growth-inducing factor.
Additionally, both pharmaceutical and biotech companies are increasingly investing in (R) activities, thereby bolstering the market growth in the region.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2021-2026).Market Segmentation:Breakup by Product Type:ReagentInstrumentOthersBreakup by Application:Therapeutic DeliveryBio-Medical ResearchProtein ProductionOthersBreakup by Transfection Method:LipofectionEletroporationNucleofectionCotransfectionCationic Lipid TransfectionIn-Vivo TransfectionOthersBreakup by Technology:Physical TransfectionBiochemical Based TransfectionViral-Vector Based TransfectionBreakup by End User:Research Centers and Academic InstitutesHospitals and ClinicsPharmaceutical and Biotechnology CompaniesOthersBreakup by Country:GermanyFranceUnited KingdomItalySpainOthersAsk Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/europe-transfection-technologies-marketWe are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc.
Mar 03, 2020: Global Transfection Technologies market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe.
It helps to regulate gene therapy, protein metabolism, and mutation of cancer cells by affecting the nuclear genes.The factors that are playing a major role in the growth of transfection technologies market are the rise in research and development sector, the rising investment by private manufacturers and by the government, and the growing occurrence of cancer.
However, the high cost of instruments may restrain the overall market growth in the years to come.
Market of Transfection technologies is segmented based on type, application, and region.The siRNA delivery, gene delivery, protein delivery, and DNA delivery are the types that could be explored in transfection technologies market in the forecast period.
The market may be categorized based on applications like protein production, therapeutic delivery, biomedical research, and others that could be explored in the forecast period.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-transfection-technologies-market/request-sampleTransfection technologies market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
The reason behind the overall market growth could the growing occurrence of infectious diseases, the rising use of cell-based products, and the high demand for antibiotics.
