Asia-Pacific Transfection Reagents and Equipment market size approximately was USD 193.16 million in 2016. It is expected to grow at a CAGR of 8 % to reach USD 283.81 million by 2021. It captures a market share of 27%.
The process involving the injection of genetic material, such as DNA and RNA, into the mammal’s cells is called transfection. Transfection reagents are the compounds which contain the genetic material while the equipment is used as a delivery system.
Various technological advancements which have happened in the transfection reagents and equipment market in the past has to certain level addressed the needs and wants of researchers and biotechnology & biopharmaceutical companies. Transfection instruments which have higher efficiency are also the result of these advancements.
Further, efficient quantitative and qualitative transfection in a plethora of cells, including the hard-to-transfect cells are also the result of the technological advancements.
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Rise in demand for synthetic genes and increasing number of cases of cancer are primarily driving the growth of this market. Further, technological advancements in transfections, alliances worldwide betwixt the pioneering research institutes to trigger drug discovery, augmented research and development spending along with research activities by pharmaceutical and biotechnology companies are secondary factors contributing towards the same end.
Selective effectiveness of transfection reagents is the key factor likely to hamper the growth of this market. In addition, home brew reagents by researchers conjoined with hefty costs of transfection reagents are secondary factors contributing towards the same end.
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The Asia-Pacific Transfection Reagents and Equipment market can be categorized into four categories: by product, by gimmick, by application and by end user. On the basis of product, Transfection Reagents and Equipment market is classified into Reagents and Instruments.
In 2016, the reagents category is projected to account for the biggest market share. Although, the instruments market is probably grow at the highest CAGR during the aforementioned forecast period.
If we go by gimmick, Transfection Reagents and Equipment market is segmented into Biochemical, Calcium Phosphate, Lipofection, DEAE-dextran, Dendrimers, Physical, Electroporation, Nucleofection, Others and Viral. In 2016, the biochemical category is projected to command the largest market share, whereas the viral category is estimated to grow at the highest CAGR during the aforementioned forecast period.
Further, on the basis of application the market can be categorized into Biomedical Research, Gene Expression Studies, Cancer Research, Transgenic Model, Protein Production and Therapeutic Delivery. In 2016, the biomedical research category is likely to command the largest market share.
Last but not the least, on the basis of end user the market is segmented into Academic & Research Institutes and Pharmaceutical & Biotechnology Companies. In 2016, the academic & research institutes category is likely to command the largest market share.
Although, the pharmaceutical & biotechnologies category is estimated to grow at the highest CAGR during the aforementioned forecast period.
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By geography, the Asia-Pacific Transfection Reagents and Equipment market has been categorized into China, India, Japan, South Korea, and Australia. It has the highest CAGR.
It captures similar market share as compared to Europe.
Major companies in the Transfection Reagents and Equipment market are Thermo Fisher Scientific Inc. (U.S.), Promega Corporation (U.S.), Hoffmann-La Roche Ltd. (Switzerland), and QIAGEN N.V. (Netherlands). These companies hold a leading position in the transfection reagent and equipment market because of their well-established presence in the fields of genomics, spanning fifty countries, heavy R&D investments, and strong sales as well as distribution force.
Other players in the market include Polyplus-transfection SA (France), Bio-Rad Laboratories (U.S.), Lonza Group (Switzerland), Sigma-Aldrich Corporation (U.S.), Mirus Bio LLC (U.S.), and MaxCyte Inc. (U.S.).
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