Transfection Technologies Market is Expected to Reach $1.8 Billion | MarketsandMarkets™

Chicago, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Transfection Technologies market in terms of revenue was estimated to be worth $1.2 billion in 2023 and is poised to reach $1.8 billion by 2028, growing at a CAGR of 9.4% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. Factors like increasing prevalence of chronic diseases, rising need of advanced therapies, and growing research activities in the field of cell biology are driving the growth of transfection technologies market.

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Transfection Technologies Market Scope:

Technological advancements, particularly in the utilization of nanoparticles and 3D transfection methods, are reshaping the transfection landscape. Nanoparticles enable targeted and efficient delivery of genetic material, enhancing gene therapy and vaccine development. Meanwhile, 3D transfection techniques offer more physiologically relevant cell culture models for drug testing and disease research. These breakthroughs are poised to revolutionize biotechnology industries, driving innovation in drug discovery and personalized medicine, ultimately transforming the business landscape.

Based on product type, the transfection technologies market is segmented into kits & reagents and equipment. Kits & reagents accounted for the largest share of the global transfection technologies market in 2022. The large share of this segment can primarily be attributed to the increasing research activities in the field of cell biology. Additionally, rising need of superior quality of transfection reagents is anticipated to drive the segment growth.

Based on the method, the global transfection technologies market is segmented into physical transfection, biochemical based transfection, and viral vector-based transfection. In 2022, physical transfection accounted for the largest share of the transfection technologies market. The large share of this segment can be attributed to the high adoption of advanced transfection technologies owing to increasing demand for cell and gene therapy. The viral vector-based transfection segment is expected to record the highest CAGR during the forecast period. This can be attributed to the increasing focus on development of advanced therapies due to increasing prevalence of chronic and rare diseases.

Based on application, the transfection technologies market has been segmented into biomedical research, therapeutic delivery, protein production, and cell-based microarrays. In 2022, therapeutic delivery accounted for the largest market share because transfection technologies are widely used to introduce nucleic acids into cells for the treatment of chronic diseases. In addition, rising research practices to develop advanced therapeutics is propelling the segment growth in transfection technologies market.

Based on end user, the transfection technologies market has been segmented into pharmaceutical and biotechnology companies, CROs & CDMOs, academic and research institutes, and other end users. In 2022, pharmaceutical and biotechnology companies accounted for the largest share of the transfection technologies market. The large share of this segment can be attributed to the high adoption of transfection methods by pharmaceutical and biotechnology companies for cell and gene therapies. Technological advancements such as laserfection and 3D transfection also drive the adoption of transfection technologies by pharmaceutical and biotechnology companies.

The key regional markets for the global transfection technologies market are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2022, North America accounted for the largest share of the market. The large share of this region can be attributed to the increasing demand for cell and gene therapy and rising focus on advancement of healthcare infrastructure. However, most of the growth in the market is expected from emerging countries across Asia Pacific. During the forecast period, the Asia Pacific is expected to be the fastest-growing regional market. Factors such as the increasing research practices in the field of biotechnology and life sciences are driving growth in these markets. Moreover, growing focus on advancement of biopharmaceutical industry is boosting the growth of transfection technologies market in Asia Pacific region.

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Transfection Technologies market major players covered in the report, such as:

• Thermo Fisher Scientific Inc. (US)
• Bio-Rad Laboratories, Inc. (US)
• QIAGEN (Netherlands)
• Merck KGaA (Germany)
• Sartorius AG (Polyplus) (Germany)
• Lonza (Switzerland)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Agilent Technologies, Inc. (US)
• MaxCyte (US)
• Revvity (US)
• Takara Bio Inc. (Japan)
• Promega Corporation (US)
• Danaher Corporation (US)
• BOC Sciences (US)
• RJH BIOSCIENCES (Canada)
• Synvolux (Netherlands)
• Altogen Biosciences (US)
• BioIVT (US)
• Incella GmbH (Germany)
• InvivoGen (France)
• Phoreus Biotech (US)
• STEMCELL Technologies (Canada)
• EZ Biosystems (US)
• OZ Biosciences (France)
• chemicell GmbH (Germany)
• and Among Others

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This report categorizes the transfection technologies market into the following segments:

Transfection Technologies Market, by Product

• Kits & Reagents
• Equipment

Transfection Technologies Market, by Method

• Physical Transfection
  • Electroporation
  • Biolistic Technology/Gene Gun
  • Microinjection
  • Other Physical Transfection Methods
• Biochemical Based Transfection
  • Lipofection (Lipid-mediated Transfection)
  • Calcium Phosphate
  • Cationic Polymers
  • DEAE-Dextran
  • Magnet Assisted Transfection (MATra)
  • Dendrimer-Mediated Transfection
• Viral-Vector Based Transfection

Transfection Technologies Market, by Application

• Therapeutic Delivery
• Biomedical Research
• Protein Production
• Cell Based microarrays 

Transfection Technologies Market, by End User

• Pharmaceutical and Biotechnology Companies
• CROs & CDMOs
• Academic and Research Institutes
• Other End Users

Transfection Technologies Market, by region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of Asia Pacific (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America (RoLATAM)
• Middle East & Africa
  • Middle East
    • GCC Countries
    • Rest of Middle East (RoME)
  • Africa

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Key Market Stakeholders:

• Transfection products manufacturing companies
• Pharmaceutical & Biopharmaceutical Companies
• Chemical Companies
• Biopharmaceutical Companies
• Contract Research Organizations (CROs)
• Contract Development and Manufacturing Organizations (CDMOs)
• Research Institutes and Universities 
• Venture Capitalists & Investors
• Government Associations

Report Objectives:

• To define, describe, segment, and forecast the transfection technologies market by product type, method, application, end user, and region
• To provide detailed information about the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
• To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of the transfection technologies market in five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, along with their respective key countries
• To profile the key players in the transfection technologies market and comprehensively analyze their core competencies2 and market shares
• To track and analyze competitive developments, such as product launches, acquisitions, expansions, collaborations, agreements, and partnerships of the leading players in the transfection technologies market
• To benchmark players within the transfection technologies market using the ‘Competitive Leadership Mapping' framework, which analyzes market players based on various parameters, including product portfolio, geographic reach, and market share/rank

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