The global competent cells market is poised for rapid growth, with sales projected to reach USD 2.1 billion by the end of 2022. According to a recent market research report, the market is expected to register a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2022 to 2032, reaching an impressive valuation of approximately USD 5.9 billion by 2032.
Competent cells are widely used in molecular biology for cloning, genetic modification, and other laboratory processes. The increasing demand for advanced research in biotechnology, genomics, and pharmaceutical development is driving the market’s expansion. In terms of product type, chemically competent cells dominated the market in 2021, accounting for about 67.8% of the overall market share, highlighting their widespread application in research and commercial sectors.
The report attributes the market’s robust growth to rising investments in biotechnology research and the growing need for efficient gene cloning techniques in the pharmaceutical and biotechnology industries. As research and development activities continue to accelerate, the demand for competent cells is expected to rise significantly over the next decade.
Competent Cells Available in the Market in Ready-to-use Formats
Preparations of competent cells, along with other methods of transformation, have been continuously improvised, since the development of E. coli’s artificial transformation with the help of electroporation and chemicals. Currently, various competent cells are available in the market in ready-to-use formats for propagating cloned plasmids in the experiments of molecular biology. These competent cells are prepared for different transformation procedures, genotypes, packaging, and transformation efficiencies.
With the advent of new technologies, several advancements have been witnessed in the molecular cloning research. Over the past few years, the recombinant proteins and molecular cloned products have experienced a robust commercial demand, thereby driving adoption of competent cells. However, adoption of competent cells is witnessing strong barriers on the back of increasing consolidation of the market, and huge cost of kits related to competent cells.
Academic Research Institutes to Remain Largest End-users of Competent Cells
Academic research institutes are anticipated to remain the largest end-users of competent cells throughout the forecast period. Sales of competent cells in academic research institutes are projected to exhibit an impressive expansion to account for nearly half revenue share of the market during 2017 to 2022. However, sales of competent cells in pharmaceutical & biotechnology companies are expected to register the fastest expansion through 2022. Contract research organisations are expected to be the least lucrative end-users of competent cells in the global market.
Competent cells are expected to find the largest application in cloning during 2017 to 2022. Governments across the globe are providing tremendous support and funding for research and development activities associated with cloning. Revenues from sales of competent cells for application in cloning are estimated to account for over half revenue share of the market during the forecast period. Sales of competent cells for application in protein expression are expected to register the highest CAGR through 2022.
North America will Continue to be Largest Market for Competent Cells
In terms of revenues, North America is anticipated to remain the largest market for competent cells, with sales estimated to exceed US$ 750 Mn in revenues by 2022-end. Huge investments in research and development activities associated with competent cells is driving the market in North America. In addition, the market in Europe is estimated to create an absolute $ opportunity of nearly US$ 200 Mn between 2017 and 2022.
On the basis of product type, although chemically competent cells will continue to be sought-after in the market, sales of electrocompetent cells are projected to register a relatively faster expansion through 2022. Growing demand for electrocompetent cells can be mainly attributed to their provision of high transformation efficiencies, making them suitable for several molecular biology applications, for example – construction of gene banks, or, generation of cDNA libraries. Revenues from sales of electrocompetent cells are projected to account for nearly one-third share of the market over the forecast period.
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.
- Zymo Research Corporation.
Market Taxonomy Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Product Type
- Chemically Competent Cells
- Electrocompetent Cells
End User
- Academic Research Institutes
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations
Application
- Cloning
- Protein Expression
- Other Applications
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