As per the report published by Market Data Forecast, the global competent cells market is expected to be worth USD 3.08 billion by 2027 from USD 1.88 billion in 2022, growing at a CAGR of 10.4% from 2022 to 2027.
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COVID-19 has had a wide range of effects in different markets. The outbreak affected the delivery, production, and supply systems and made it difficult to get goods due to the government-ordered lockdowns and tight social distance limitations. The healthcare sector was one of the markets that experienced losses due to these restrictions. Patients were the only thing that mattered. Thus, there were few specialists, and no consideration was given to the other aspects of healthcare.
However, the pandemic has positively impacted the competent cells market. The competent cells procedure can help in identifying and observing the nature of the SARS-Cov-2 virus, therefore supporting the search and development of a vaccine for the disease. The applications of competent cells in laboratories have been helpful during the pandemic. Even after the pandemic, the research on competent cells keeps advancing and helping to create new techniques. The pandemic has therefore been beneficial to the market.
The growth of the competent cells market can be attributed to the growing demand for recombinant DNA techniques. The recombinant DNA techniques have various applications in the healthcare industry for vaccine production, retrovirus treatment, cancer treatment, etc., which will boost the market’s growth. In addition, the increased research and development activities in cloning technology and recombinant proteins, along with replicated products, will make the market grow. Furthermore, the applications of competent cells in developing drugs for various diseases lead to government investments and favorable reimbursements for the market. In addition, many countries have adopted therapeutic products and research activities to better their healthcare services, helping the market flourish.
The growing biotechnology firms worldwide, along with the innovations in the field and the launching of new products, are expected to fuel the growth of the competent cells market.
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SEGMENTS COVERED UNDER THIS REPORT:
- Subcloning & Routine Cloning
- Phage Display Library Construction
- Toxic/Unstable DNA Cloning
- High-Throughput Cloning
- Protein Expression
- Other Applications
- Large Plasmid Transformation
- Single-Stranded DNA Production
- Lentiviral Vector Production
By End User:
- Pharmaceutical Companies
- North America
- Latin America
- Middle East and Africa
KEY MARKET INSIGHTS:
Based on type, chemically competent cells have dominated the market in the past due to their wide range of applications; however, electrocompetent cells are expected to dominate the market during the forecast period due to the increasing technological advancements in the type.
Based on application, due to its applications in molecular biology resulting in imm3ense funding from the government, the cloning segment is expected to dominate the market. Furthermore, DNA cloning is excessively used in life sciences and is of utmost importance.
Based on end-user, the academic research segment is expected to dominate the market due to the increased applications of competent cells in biotechnology and pharmacy are helping the segment grow. The pharmaceutical companies segment is also expected to grow due to genomics and proteomics research developments.
The North American market is estimated to have a significant share of the market’s revenue due to the presence of key market players and the availability of advanced infrastructure in the region with countries like the U.S. and Canada. However, the Asia-Pacific market is expected to dominate the North American market and overtake it. This dominance is due to the increasing research and development in the component cell fields, particularly in DNA cloning. In addition, the need for the development of healthcare and research, and infrastructure in developing countries like India, China, Japan, etc., are fueling the market’s growth.
KEY MARKET PARTICIPANTS:
- BioDynamics Laboratory, Inc. (Japan)
- GCC Biotech (India)
- SMOBIO Technology (Taiwan)
- Thermo Fisher Scientific, Inc. (U.S.)
- QIAGEN N.V. (Germany)
- OriGene Technologies (U.S.)
- Merck KGaA (Germany)
- Promega Corporation (U.S.)
- Bioline (U.K.)
- Zymo Research (U.S.).
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