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Global Competent Cells Market Size study & Forecast, by Product By Application By End User and Regional Analysis, 2023-2030

Global Competent Cells Market Size study & Forecast, by Product...

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Global Competent Cells Market Size study & Forecast, by Product By Application By End User and Regional Analysis, 2023-2030
Global Competent Cells Market Size...
Report Code
RO1/103/2733

Publish Date
07/Aug/2024

Pages
200
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Global Competent Cells Market is valued approximately USD 2.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.1% over the forecast period 2023-2030. Competent Cells refer to bacterial cells that have been genetically engineered or treated to be capable of taking up foreign DNA molecules from their surrounding environment. These cells possess altered cell wall permeability or contain specific genetic modifications that enable them to efficiently uptake and incorporate exogenous DNA. The Competent Cells market is expanding because of factors such as increasing prevalence of chronic disease and rising funding for studies based on bioscience research. Competent cells are widely used in various genetic engineering techniques, such as transformation and transfection, to introduce recombinant DNA molecules, such as plasmids or viral vectors, into the cell for further manipulation, replication, or expression of desired genes. As a result, the demand of Competent Cells has progressively increased in the international market during the forecast period 2023-2030.

Chronic diseases often require long-term management and treatment, driving the demand for new and more effective therapies. Competent cells are used in drug discovery and development processes to screen for potential drug candidates, validate drug targets, and optimize lead compounds. The growing pipeline of drug candidates targeting chronic diseases fuels the demand for competent cells in pharmaceutical research and development. According to the United Nations report, chronic diseases are anticipated to account for 70% of all global fatalities, while the global disease burden will be 56% by the year 2030. The most significant growth is expected in the African and Eastern Mediterranean regions. Another important factor drives the Competent Cells market is increasing USD 17 million for 48 engineering biology R&D projects. As Bioscience research often contributes to the development of new biotechnological and pharmaceutical products. Competent cells play a crucial role in the production of recombinant proteins, monoclonal antibodies, vaccines, and other biopharmaceuticals. Therefore, as funding for bioscience research grows, so does the demand for competent cells in these industries. In addition, the funding of USD 17.05 million, provided through the UK Research and Innovation (UKRI) Technology Missions Fund and managed by Innovate UK, supports 48 multifaceted projects. These endeavors entail partnerships among private enterprises, academic institutions, and allied organizations spanning different industries. Examples of these projects include groundbreaking efforts such as engineering red blood cells for therapeutic applications, transforming animal stem cells to revolutionize meat production, and refining wound therapy methods to enhance medical treatment outcomes. In addition, the National Institutes of Health expended the majority of its USD 45 billion budget in 2022 for research aimed at improving life and reducing illness and disability. NIH-funded research has resulted in discoveries and innovative therapies, allowing people to live longer, healthier lives and establishing the research foundation that drives innovation. Moreover, increasing development of gene editing technologies and expansion of synthetic biology is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of Competent Cells is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Competent Cells Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising investments from public and private companies and the development of advanced products in the region. In December 2021, Pfizer Inc has inaugurated cutting-edge clinical manufacturing facility in Durham, North Carolina. The facility enhances Pfizer's end-to-end gene therapy capabilities and adds to the company's current presence in North Carolina, where it employs over 3,600 people across multiple facilities. The Durham site is part of a USD 800 million commitment made over the last six years to establish three scalable, cutting-edge gene therapy manufacturing facilities to support Pfizer's ongoing investment in gene therapy research, development, and manufacture. The region's dominant performance is anticipated to propel the overall demand of Competent Cells. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as rising prevalence of chronic disease in the region. The rising prevalence of chronic diseases drives the pharmaceutical industry's investment in research and development activities, leading to increased demand for competent cells.

Major market player included in this report are:
Agilent Technologies Inc
Genescript Biotech Corporation
Bio-Rad Laboratories Inc
Merck & Co Inc
OriGene Technologies, Inc
New England Biolabs Inc
Illumina, Inc
Thermo Fisher Scientific, Inc
QIAGEN N.V.,
Zymo Research Corporation
Recent Developments in the Market:
In April 2024, Agilent Technologies Inc, a global leader in the life sciences, diagnostics, and applied chemical markets, and the University of California San Diego (UC San Diego), one of the world's top public research universities, announced a groundbreaking scientific collaboration to establish the Agilent Centre of Excellence (CoE) in Cellular Intelligence.
Global Competent Cells Market Report Scope:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product
Chemically Competent Cells
Electrocompetent Cells
By Application
Cloning
Protein Expression
Other Applications
By End User
Academic Research Institutes
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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