The North America Transfection Reagents and Equipment market size was approximately USD 214.62 million in 2016. It is estimated to grow at a CAGR of 7.6 % to reach USD 309.55 million by 2021. It is the largest market globally capturing a market share of 30%.
Process which involve the insertion of genetic material, for example, DNA and RNA (double stranded), into mammalian cells is called as transfection. Substances containing the genetic material are called transfection reagents and the equipment is usually used as a delivery mechanism.
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Technological advancements occurring in the transfection reagents and equipment market in the recent years has addressed the needs of researchers along with biotechnology & biopharmaceutical companies. High efficiency transfection instruments have entered the market because of these advancements. Further, efficient quantitative and qualitative transfection in a wide range of cells, encompassing the hard-to-transfect cells are also the result of the technological advances.
Alliances worldwide between the pioneering research institutes to trigger drug discovery, technological advancements in transfections, research activities by pharmaceutical and biotechnology companies coupled with augmented research and development spending, increasing number of cases of cancer and rise in demand for synthetic genes are driving the growth of this market.
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Home brew reagents by researchers, selective effectiveness of transfection reagents as well as the hefty costs of transfection reagents are the primary factors expected to slow down the growth of this market.
The North America 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. By geography, the North America Transfection Reagents and Equipment market has been categorized into US and Canada. Presently, North America accounts for the largest market share. US is the leading market in North America.
Market Segmentation:-
- Product
- Gimmick
- Application
- End User
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