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

The Business Research Company’s bacterial and plasmid vectors market report forecasts the bacterial and plasmid vectors market size to grow to $1.02 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

Learn More On The Bacterial And Plasmid Vectors Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bacterial-and-plasmid-vector-global-market-report

Bacterial And Plasmid Vectors Market Size Forecast
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bacterial & plasmid vectors market is expected to grow from $1.02 billion in 2027 at a CAGR of 12.4%.

North America held the largest bacterial and plasmid vectors market share, and Middle East was the fastest-growing region in 2022.

Key Bacterial And Plasmid Vectors Market Driver ­– Increase In The Prevalence Of Cancer And Infectious Diseases
According to the World Health Organization (WHO), cancer is the second leading cause of death worldwide, in 2020, the total cancer burden in the world increased to 19.3 million new cases and is predicted to rise to 28.4 million new cancer cases in 2040. Therefore, the growing prevalence of cancer and various infectious diseases and the surging demand for bacterial and plasmid vectors for gene therapy are projected to propel market revenues for the bacterial and plasmid vectors market.

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Key Bacterial And Plasmid Vectors Market Trend – Increasing Mergers And Acquisitions
The focus areas for many companies in the bacterial and plasmid vectors market have shifted to increasing mergers and acquisitions to acquire more production capabilities. Large prime manufacturers are forming joint ventures or buying small or midsized companies to acquire new capabilities or gain access to new markets. For instance, Vectalys, a France-based company engaged in manufacturing and commercialising lentiviral vectors for gene delivery, and FlashCell, a company engineering non-integrating lentiviral delivered RNA therapeutics, announced their merger to create a new gene therapy company, Flash Therapeutics.

Bacterial And Plasmid Vectors Market Segment
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

Bacterial And Plasmid Vectors Market Major Players and Strategies
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.

In February 2021, Catalent, a US-based pharmaceutical company, acquired Delphi Genetics for an undisclosed amount. Through this acquisition, Catalent’s growth of plasmid capabilities in the United States at its Rockville facility will be accelerated. Delphi Genetics is a Belgium-based contract development and manufacturing company specialising in plasmid DNA (pDNA) cell and gene therapy (CDMO).

The Bacterial And Plasmid Vectors Global Market Report 2023 covers regional data on bacterial and plasmid vectors market size, bacterial and plasmid vectors market trends and drivers, opportunities, strategies, and bacterial and plasmid vectors market competitor 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 refer to the means by which recombinant DNA is introduced into a host cell and are essential to molecular cloning. It is basically a process of creating DNA molecules and introducing them into a host cell. These vectors are used to deliver recombinant DNA into bacteria so they can express proteins.

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