Transfection Technologies Market to Grow at CAGR of 9% through 2033 – Rapid Advancements in Biology and Medicine
The global transfection technologies market size is anticipated to grow from USD 2 billion to USD 4.73 billion in 10 years. The market will experience rapid growth due to technological advancements in transfection technologies during the forecast period.
Newark, Aug. 08, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 2 billion in 2023 global transfection technologies market will reach USD 4.73 billion in 2033. Technologies for transfection have a critical role in medicine. To put it simply, transfection is the process of introducing nucleic acids, such as DNA and RNA, into cells. Transfection technologies are those that make this possible. They have a connection to genetics and molecular biology. In the study of cell biology, they are also essential to comprehending and implementing the insertion of nucleic acids into cells. They provide a deeper understanding of genetics, cell, and protein structure, which aids in the creation of treatments. It is a synthesis of biological elements and advanced technologies. Transfection technologies exhibit high levels of efficiency, reliability, and versatility due to their ability to be applied to diverse cell types. Transfection technologies are affordable because of their scalability. they are essential to biomedical research because they help the medical community comprehend genetics, genetic mutations, and other illnesses. Additionally, it makes protein synthesis better understood, which helps in the creation of efficient medications. With the ability to genetically alter plants to be more durable, they find uses outside of medicine.
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Key Insight of the Global Transfection technologies Market
North America will dominate the market during the forecast period.
There is a strong infrastructure for research and development in the area. The high levels of government financing and investment on medical and research are partially responsible for the developed and well-established infrastructure for research and development. The existence of important industry players pushing private expenditure complements the governmental funding. The robust infrastructure for research and development is further enhanced by the partnerships and parenthood made possible by the supportive regulatory environment. This spurs creativity and positions the area as a leader in transfection technology. The area provides access to cutting-edge infrastructure and advanced, luxury technologies. The thriving academic and research scene that draws talent from around the world also helps the regional market to expand.
In 2023, the kits and reagents segment dominated the market with the largest market share of 48% and revenue of 0.96 billion.
The product segment is divided into kits and reagents, equipment and others. In 2023, the kits and reagents segment dominated the market with the largest market share of 48% and revenue of 0.96 billion.
In 2023, the viral vector-based transfection segment dominated the market with the largest market share of 37% and revenue of 0.74 billion.
The method segment is divided into physical transfection, biochemical-based transfection and viral vector-based transfection. In 2023, the viral vector-based transfection segment dominated the market with the largest market share of 37% and revenue of 0.74 billion.
In 2023, the therapeutic delivery segment dominated the market with the largest market share of 53% and revenue of 1.06 billion.
The application segment is divided into therapeutic delivery and biomedical research. In 2023, the therapeutic delivery segment dominated the market with the largest market share of 53% and revenue of 1.06 billion.
In 2023, the pharmaceutical and biotechnology companies segment dominated the market with the largest market share of 42% and revenue of 0.84 billion.
The end user segment is divided into pharmaceutical and biotechnology companies, contract research organizations, academic and research institutions and others. In 2023, the pharmaceutical and biotechnology companies segment dominated the market with the largest market share of 42% and revenue of 0.84 billion.
Report Scope and Segmentation –
| Report Coverage | Details |
| Forecast Period | 2024-2033 |
| Forecast CAGR | 9% |
| 2033 Value Projection | USD 4.73 Billion |
| Market Size in 2023 | USD 2 Billion |
| Historical Data | 2020-2022 |
| No. of Pages | 238 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered | Product, Application |
| Regions Covered | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Transfection Technologies Market Growth Drivers | The increasing research and development investments |
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Advancement in market
BioCentriq, a cell therapy-focused contract development and manufacturing company, and Kytopen, a startup based at Massachusetts Institute of Technology, have announced that they are growing their collaboration. Starting in March 2021, the companies collaborated to test T cell transfection using Kytopen’s Flowfect platform and to examine the effects of incorporating this transfection technology into the production process for allogeneic and autologous cell therapies. The expansion, according to the companies, intends to bring together Kytopen’s Flowfect Discover platform and BioCentriq’s process development to provide medicinal developers with more access to a non-viral cell engineering technique.
Market Dynamics
Driver: The rising expenditures on research and development.
Life on Earth has improved as a result of the quick advances in biology and medicine. In order to better prepare for these risks and gain more knowledge, governments, pharmaceutical and biotechnology businesses, as well as the medical and scientific communities, are encouraged to continue their research in these domains due to the threat of new diseases. The market is expanding as a result of the government providing more funds for research to international, national, and local institutions. Scientific discoveries in the fields of biology and science have created new avenues for research and development that, when paired with technology innovations, may one day lead to the treatment of incurable diseases. Additionally, it has sparked the creation of more efficient drug delivery methods, potent medications, and individualised medical care. Private investments are encouraged by the unexplored and extremely profitable market of incurable illnesses and disorders that millions of people suffer from. The expanding alliances and cooperative initiatives between public and private entities will further support the market’s expansion. Thus, the expansion of the worldwide transfection technologies market would be driven by the rising investments in research & development.
Restraints: Expense factors.
Transfection technologies are made up of a variety of parts, ranging from tiny, disposable devices and equipment to large, intricate pieces of gear. Reagents such as various proteins, cellular components, and vectors are required, and their production necessitates highly controlled conditions and advanced processing technologies, systems, and equipment, which drives up expenses. Having environments that are clean, safe, and strictly regulated in order to meet safety regulations set forth by the appropriate authorities raises costs as well. The market’s growth is constrained by the absence of infrastructure, which impedes scalability. Costs are further increased by the requirement for highly skilled, trained, and qualified people. Cost considerations will consequently impede market growth.
Opportunities: developments in technology.
Advances in science and expanding research have brought forth a more profound comprehension of hitherto undiscovered fields of biology and science. Theoretically, a deeper knowledge has enabled the development of novel treatments, drug delivery strategies, and medications. Professionals can now use these technologies’ skills to turn this theoretical potential into real-world applications given these technological advancements. In a sense, technical developments have made the implementation of useful applications easier. Technological developments also make it possible to conduct better research, which leads to deeper understanding and more scientific discoveries, which creates even more chances for the sector.
Challenges: Technical Complexity.
The field of molecular biology, genetics and cellular biology is a highly intellectual one and requires extensive study, research, and training. it is also subject to accessibility to the right equipment to understand the application of transfection. It is a precise science with meticulous preparation. It is time-consuming and technical. It requires qualified professionals with the right training and skilled to perform transfections or operate technologies facilitating them. the lack of professionals leads to increased downtime, reduced throughput, scalability problems and high costs. therefore, the technical complexity leading to low takers of the job and lack of skilled professionals will challenge the market’s growth.
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Some of the major players operating in the global transfection technologies market are:
• Bio-Rad Laboratories, Inc.
• Inovio Pharmaceuticals
• Lonza
• MaxCyte, Inc.
• Mirus Bio LLC
• Polyplus Transfection
• Promega Corporation
• QIAGEN
• Roche Molecular Systems, Inc.
• SignaGen Laboratories
• Takara Bio Inc.
• Thermo Fisher Scientific Inc.
Key Segments covered in the market:
By Product
• Kits and Reagents
• Equipment
• Others
By Method
• Physical Transfection
• Biochemical-based Transfection
• Viral Vector-based Transfection
By Application
• Therapeutic Delivery
• Biomedical Research
By End User
• Pharmaceutical and Biotechnology Companies
• Contract Research Organizations
• Academic and Research Institutions
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analysed based on value (USD Billion). All the segments have been analysed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter’s five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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