The global competent cells market size was valued at USD 2,840 million in 2024 and is estimated to reach around USD 8,220 million by 2034, growing at a CAGR of 11.2% from 2024 to 2034.
The competent cells market refers to the industry that deals with the production and development of bacterial cells that take foreign DNA from their surroundings through a process called transformation. The competent cells come in two types, namely natural competence and artificial competence. It is widely used in genetic engineering, biopharmaceutical research, and molecular research. The competent cell industry is growing significantly due to advancements in biotechnology and production processes, increasing investment in research and development, advancement in genetic engineering, emerging markets, and expanding applications (like cloning, protein expression genomic studies, etc.
The high cost of the process and final product, competition from alternative technologies, regulatory challenges, and lack of highly skilled professionals are the key challenges that the market will face in the future. Despite this, the competent cells market is anticipated to grow at a rapid rate due to advancements in technology, molecular cloning research, and genome development, increasing demand for recombinant products, a rise in government funding for research and development, and supportive rules and regulations for research and development.
Published by Laxmi Narayan
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| Stats ID: | 7080 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7080 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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