How Will The Bacterial And Plasmid Vectors Market Size Grow In The Coming Years?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest bacterial and plasmid vectors market share, and Middle East was the fastest-growing region in 2022.
The global bacterial and plasmid vectors market is expected to grow from $0.57 billion in 2022 to $0.64 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The bacterial & plasmid vectors market is expected to grow from $1.02 billion in 2027 at a CAGR of 12.4%.
Major Driver In The Bacterial And Plasmid Vectors Market – Increase In The Prevalence Of Cancer And Infectious Diseases
According to the World Health Organisation (WHO), cancer is the second biggest cause of death globally; in 2020, the global cancer burden grew to 19.3 million new cases, with a projected increase to 28.4 million new cancer cases by 2040. As a result, the rising frequency of cancer and other infectious diseases, as well as the increasing need for bacterial and plasmid vectors for gene therapy, are expected to drive market revenue for bacterial and plasmid vectors.
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Key Bacterial And Plasmid Vectors Market Segments
1) By Host Type: E.Coli Expression Vectors, Other Bacterial Expression Vectors
2) By Application: Genetics, Molecular Biology, Bioinformatics, Other Applications
3) By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users
Recent Bacterial And Plasmid Vectors Market Trend – Mergers And Acquisitions
Many companies in the bacterial and plasmid vectors sector have turned their focus to growing mergers and acquisitions in order to obtain greater production capacities. To obtain new capabilities or get access to new markets, large prime manufacturers are creating joint ventures or purchasing small or midsized enterprises. For example, Vectalys, a French company that manufactures and commercialises lentiviral vectors for gene delivery, and FlashCell, a company that develops non-integrating lentiviral delivered RNA therapeutics, announced a merger to form Flash Therapeutics, a new gene therapy company.
Bacterial And Plasmid Vectors Market Prominent Players
Major players in the bacterial and plasmid vectors market are Sigma-Aldrich Inc., ATUM, Qiagen, Promega Corporation, Thermo Fisher Scientific, Inc., GenScript Biotech Corporation, Takara Bio Inc., IBA GmbH, Bio-Rad Laboratories, and New England Biolabs.
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The Bacterial And Plasmid Vectors Global Market Report 2023 provides a comprehensive overview on the bacterial and plasmid vectors market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bacterial and plasmid vectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Bacterial and plasmid vectors are vital for molecular cloning because they allow recombinant DNA to be introduced into a host cell. It consists essentially of synthesising DNA molecules and putting them into a host cell. These vectors are used to introduce recombinant DNA into bacteria so that proteins can be expressed.
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Antibacterial Products Global Market Report 2023
Veterinary Antibiotics Global Market Report 2023
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