Microbial Transformation Is The Largest Segment Driving The Growth Of Electrocompetent Cells Market
The global Electrocompetent Cells Market is estimated to be valued at US$ 2.07 Bn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Electrocompetent cells are chemically treated bacterial cells that are able to take up exogenous DNA from their surrounding environment during electroporation. They are commonly used for plasmid uptake in molecular cloning applications. Electrocompetent cells provide an advantage over other methods for the introduction of DNA into cells due to their higher transformation efficiencies.
Market key trends:
One of the key trends in the electrocompetent cells market is the increasing focus on gene synthesis. Gene synthesis involves the artificial synthesis of genes and gene pathways that are not found naturally. It is increasingly being utilized for biomedical research and industrial applications such as enhanced crop trait or synthetic vaccines development. The technology enables designers to write synthetic DNA or RNA sequences from scratch and to build artificial gene regulatory networks. This has the potential for developing completely novel cell functions. Rising adoption of gene synthesis by companies is expected to drive the demand for chemical and electrocompetent cells as they are required for cloning synthesized genes.
Market Key Trends:
The Electrocompetent Cells Market Growth has been witnessing increasing demand for development of advanced molecular biology techniques and genome engineering applications. Electrocompetent cells allow quick transfer of exogenous DNA into host cells via electroporation. With increasing R&D investments towards development of therapeutic antibodies, vaccines and recombinant proteins, the adoption of electrocompetent cells is growing as they aid in efficient cloning and transformation for such applications.
SWOT Analysis:
Strengths: Thermo Fisher Scientific and Merck KGaA dominate the market with their wide product portfolio and global presence.
Weaknesses: Higher costs associated with electroporation-based transformation limits scope of applications.
Opportunities: Rising stem cell research and cell therapy development offer potential opportunities over the forecast period.
Threats: Alternatives like chemical transformation pose competitive threats to the electrocompetent cells market. Stringent regulations associated can also impact market growth.
Key Takeaways:
The global Electrocompetent Cells market is expected to witness high growth, exhibiting 10% CAGR over the forecast period, due to increasing R&D investments in drug discovery and stem cell research. By 2023, the market is expected to reach a size of US$ 2.07 Billion.
Regional analysis: North America dominates currently due to presence of leading life science research companies. Asia Pacific is expected to exhibit highest growth over the forecast period with increasing government support for biotechnology sector in countries like China and India.
Key players operating in the Electrocompetent Cells market are Thermo Fisher Scientific Inc., Merck KGaA, Agilent Technologies, Inc., QIAGEN N.V., Bio-Rad Laboratories, Inc., New England Biolabs, Inc., GenScript Biotech Corporation, Lucigen Corporation, Takara Bio Inc., Delphi Genetics S.A., IBA GmbH, Scarab Genomics LLC, Zymo Research Corporation, Bioline GmbH (Meridian Bioscience), Cell Applications, Inc.
Read More: https://www.ukwebwire.com/electrocompetent-cells-market-analysis/
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