Competent Cells Market is expected to reach US$ 5.9 Bn by 2032, with sales revenue expected to register an 11.1% CAGR
By the end of 2022, the Competent Cells Market is anticipated to reach US$ 2.1 billion, growing at a double-digit rate of 11.1% CAGR (2022-2032). By 2032, the market’s sales are projected to be worth $5.9 billion USD. Chemically competent cells held the market’s top spot in terms of product type in 2021, with a share of roughly 67.8%.
Competent Cells Available in the Market in Ready-to-use Formats
With the invention of the artificial transformation of E. coli using electroporation and chemicals, the preparation of competent cells and other transformation techniques have undergone constant improvement. Several competent cells are currently offered in the market in ready-to-use formats for propagating cloned plasmids in molecular biology investigations. These capable cells are set up to handle various transformation techniques, genotypes, packaging, and transformation efficiency.
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Many developments in the field of molecular cloning research have been made possible by the introduction of new technology. Competent cells have become more popular in recent years because to the strong commercial demand for recombinant proteins and molecularly cloned goods. Strong barriers are, however, preventing the widespread use of competent cells as a result of growing market consolidation and the high price of kits including competent cells.
North America will continue to be Largest Market for Competent Cells
With sales forecast to exceed US$ 750 Mn by 2022-end, North America is expected to continue to be the leading market for competent cells in terms of revenues. The market in North America is being driven by large investments in research & development activities related to competent cells. Additionally, it is predicted that between 2017 and 2022, the European market will generate an absolute $ opportunity of close to $200 Mn.
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According to product type, sales of electrocompetent cells are anticipated to grow at a considerably faster rate through 2022, despite the fact that chemically competent cells will continue to be in demand in the market. Due to their high transformation efficiencies and suitability for a variety of molecular biology applications, including as the creation of gene banks and cDNA libraries, electrocompetent cells are increasingly in demand. Over the projection period, sales of electrocompetent cells are anticipated to generate close to a third of market revenue.
Academic Research Institutes to Remain Largest End-users of Competent Cells
The largest end-users of competent cells are expected to continue to be academic research institutions over the projected period. It is anticipated that from 2017 to 2022, sales of competent cells in academic research institutions would grow significantly, accounting for about half of the market’s revenue share. Nonetheless, until 2022, pharmaceutical and biotechnology industries are anticipated to experience the largest growth in their sales of competent cells. The end-users of competent cells who are predicted to be the least profitable on the global market are contract research organisations.
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The most significant use of competent cells is anticipated to be in cloning from 2017 to 2022. Governments from all around the world are generously supporting and sponsoring cloning-related research and development. About half of the market’s revenue over the projected period is anticipated to come from sales of competent cells used in cloning. The largest CAGR is anticipated for sales of competent cells used in protein expression through 2022.
Leading Market Players focusing on Increasing their Product Portfolio
Global leading players in the competent cells market are focusing on increasing their product folio, in a bid to gain a competitive edge in the market. Key players listed in FMI’s report on the global competent cells market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., Genescript Biotech Corporation, Illumina, Inc., Merck & Co. Inc., New England Biolabs Inc., OriGene Technologies, Inc., QIAGEN N.V., Thermo Fischer Scientific, Inc., and Zymo Research Corporation.
Key Market Segments Covered in Competent Cells Industry Research
By Product:
- Chemically Competent Cells
- Electrocompetent Cells
By Application:
- Cloning
- Protein Expression
- Other Applications
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By End User:
- Academic Research Institutes
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations
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