Transfection Technologies Market

Transfection Technologies Market Size by Product (Kits and Reagents, Equipment and Others), Method (Physical Transfection, Biochemical-based Transfection and Viral Vector-based Transfection), Application (Therapeutic Delivery and Biomedical Research), End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, Academic and Research Institutions and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14510
  • Published Date: Aug, 2024
  • Pages: 237
  • Category: Healthcare
  • Format: PDF
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The global transfection technologies market was valued at USD 2 billion in 2023 and grew at a CAGR of 9% from 2024 to 2033. The market is expected to reach USD 4.73 billion by 2033. The increasing research and development expenditure in biomedical research will drive the growth of the global transfection technologies market.

Market Introduction:

Transfection technologies are a vital part of medicine. Transfection, in essence, means the introduction of nucleic acids like DNA and RNA in cells. The technologies that enable this are called transfection technologies. The are associated with molecular biology and genetics. They also play a crucial role in understanding and implementing the introduction of nucleic acids into cells in the field of cell biology. They facilitate the development of therapeutics by enabling a deeper understanding about genetics, cell and protein structure. It is an amalgamation of sophisticated technologies and biological components. Transfection technologies are efficient and reliable along with being versatile as they can be applied to different types of cells. Transfection technologies are scalable making them cost-effective. They are critical in biomedical research as they allow the medical community to understanding genetics and genetic mutations and other disorders. It also enables a better understanding of protein synthesis, enabling the development of effective drugs. they find applications beyond medicine given their ability to genetically modify plants that are more resilient.

Transfection Technologies Market Size  

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Recent Development
  • American researchers examined the advantages of liquid foam as a substitute for traditional liquid-based gene delivery vehicles in a recent study that was published in the journal Nature Communications. They investigated these innovative vectors' affordability, usefulness, and safety. Their results demonstrate that, in nonviral gene delivery to murine model systems, a liquid foam consisting of methylcellulose and xanthan gum—both of which have been deemed safe for human use by the US Food and Drug Administration [FDA]—displayed transfection efficiency improvements ranging from 2.9 to 384 times greater than liquid-based approaches.

Market Dynamics:

Drivers

The increasing research and development investments – the rapid advancements in biology and medicine have improved global lives. The threat of new diseases encourages governments, pharmaceutical and biotechnology companies, medical and research communities to continue their research in these fields to gather more information and better prepare for these threats. The increasing government research funding to global, national and local institutes is contributing to the market’s growth. scientific breakthroughs in biology and sciences have opened up door to new opportunities that when combined with technological advancements can potentially provide cures to uncurable diseases. it has also led to the development of better drug delivery systems, effective therapeutics, and personalized medical treatments. the untapped and highly lucrative market of uncurable diseases and disorders that millions are suffering with encourages private investments. The growing partnerships and collaborative efforts between private and public players will also augment the market’s growth. therefore, the increasing research and development investments will drive the global transfection technologies market’s growth.

Restraints:

Cost considerations there are several components attached to transfection technologies from small and disposable equipment and instruments to sophisticated and complicated piece of machinery. The need for reagents like different proteins, cellular components and vectors contributes significantly to the costs as these components are produced in highly controlled environments with high-end processing technologies, systems and equipment. the need to have safe, hygienic and precisely controlled environments that comply with safety standards of relevant authorities also add to costs. the lack of infrastructure hampers scalability which limits the market’s growth. the need for highly qualified, trained and skilled professionals further adds to costs. therefore, cost considerations will hamper the market’s growth.

Opportunities:

Technological advancements – scientific breakthroughs and growing research has led to a better and deeper understanding about previously unexplored biology and sciences. The deeper understanding has theoretically made is possible to develop new medicines, drug delivery systems and therapeutics. Technological advancements have allowed professionals to harness the capabilities of these technologies to convert these theoretical possibilities into practical applications. technological advancements in a way have facilitated the execution and practical applications. technological advancements also enable enhanced research, which in turn contributes to more scientific breakthroughs and deeper understanding, further contributing to new opportunities for the industry.

Regional segmentation analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global transfection technologies market, with a 44% market revenue share in 2023.

The region has a robust research and development infrastructure. the well-established and mature research and development infrastructure is in part because of the high levels of government expenditure and funding towards medicine and research. The public funding is complimented by the presence of key industry players driving private expenditure. The parentship and collaborations facilitated by the conducive environment created by favourable regulatory environment also contributes to the strong research and development infrastructure. this drives innovation, making the region a pioneer in transfection technologies. The region offers access to sophisticated and high-end technologies with state-of-the-art infrastructure. the robust academic and research environment attracting global talent also contributes to the regional market’s growth.

North America Region Transfection Technologies Market Share in 2023 - 44%

 

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Product Segment Analysis

The product segment is divided into kits and reagents, equipment and others. The kits and reagents segment dominated the market, with a market share of around 48% in 2023. Kits and reagents facilitate the introduction of nucleic acids into cells which is the essence of transfection technologies making them indispensable in the industry. They are ready-to-use components cutting down several steps required in the preparation of transferring nucleic acids into cells, thereby saving time and costs. they are highly convenient. they are reliable offering consistent quality and outcomes. they are highly effective and easy to use. They are disposable after use unlike transfection technology equipment. they are needed more frequently explaining its dominance in the market.

Method Segment Analysis

The method segment is divided into physical transfection, biochemical-based transfection and viral vector-based transfection. The viral vector-based transfection segment dominated the market, with a market share of around 37% in 2023. Viral-vector based transfection uses viruses to introduce genetic material or nucleic acids into cells. Viruses have a tendency to attach to live host and act as an effective delivery mechanism. Genetic material is introduced into the virus before injecting it into the cell. Viral vector-based transfection is tried and tested, shows high efficacy and its versatile given its ability to attach to different types of cells. It is scalable yet stable.

Application Segment Analysis

The application segment is divided into therapeutic delivery and biomedical research. The therapeutic delivery segment dominated the market, with a market share of around 53% in 2023. Therapeutic delivery application refers to the introduction of therapeutic genetic material into cells to treat certain diseases. it includes gene therapy which is the introduction of genetic material to correct any genetically defective genes, thereby potentially mitigating the risk of genetic disorders and disease manifesting in the individual. It also includes immunotherapy, vaccines, and cancer therapy. It facilitates the way for personalized medicine as well. the growing research and development is also furthering the growth and development of therapeutic delivery systems.

End user Segment Analysis

The end user segment is divided into pharmaceutical and biotechnology companies, contract research organizations, academic and research institutions and others. The pharmaceutical and biotechnology companies segment dominated the market, with a market share of around 42% in 2023. Pharmaceutical and biotechnology companies focus on developing drugs, technologies, therapies and biologics. Transfection technologies are critical to all these functions.  It helps in the development of effective drug delivery systems, therapies and biologics. They have the necessary capital to acquire the requirement infrastructure and components and utilize them to further their market share. The introduction of new products opens up new markets for them with untapped lucrative potential, making them millions and encouraging them to further invest in such technologies that enable these innovative and effective drugs and therapies.

Some of the Key Market Players:
  • Bio-Rad Laboratories, Inc.
  • Inovio Pharmaceuticals
  • Lonza
  • MaxCyte, Inc.
  • Mirus Bio LLC
  • Polyplus Transfection
  • Promega Corporation
  • QIAGEN
  • Roche Molecular Systems, Inc.
  • SignaGen Laboratories
  • Takara Bio Inc.
  • Thermo Fisher Scientific Inc.

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 2 Billion
Market size value in 2033 USD 4.73 Billion
CAGR (2024 to 2033) 9%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analysed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analysed at the country level.
Segments Product, Method, Application and End User

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global transfection technologies market was valued at USD 2 billion in 2023 to USD 4.73 billion by 2033.

Global transfection technologies market is growing at a CAGR of 9% during the forecast period 2024-2033.

The market's growth will be influenced by the increasing research and development investments.

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This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global transfection technologies market based on below mentioned segments:

Global Transfection Technologies Market by Product:

  • Kits and Reagents
  • Equipment
  • Others

Global Transfection Technologies Market by Method:

  • Physical Transfection
  • Biochemical-based Transfection
  • Viral Vector-based Transfection

Global Transfection Technologies Market by Application:

  • Therapeutic Delivery
  • Biomedical Research

Global Transfection Technologies Market by End User:

  • Pharmaceutical and Biotechnology Companies
  • Contract Research Organizations
  • Academic and Research Institutions
  • Others

Global Transfection Technologies Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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