February 21, 2024

Global Electrocompetent Cells Market driven by increasing adoption of molecular cloning techniques

Electrocompetent cells are chemically treated bacterial cells that can take up foreign DNA material or plasmids when subjected to an electric field or shock. These transformed cells are then used for genetic manipulations and molecular cloning techniques. Electrocompetent cells find widespread applications in recombinant DNA technology and genetic engineering research for processes like PCR, cloning, transformation and more. As more life science research is conducted involving molecular cloning techniques, the demand for high quality, chemically and electrically competent bacterial cells is consistently growing.

The global electrocompetent cells market holds immense scope as engineered bacterial cells play a pivotal role in various life sciences domains including biotechnology, pharmaceutical research and manufacturing, genetic engineering, academia and more. The market is driven by factors such as increasing R&D investments in vaccine development, biologics production and new drug discovery. Growing prevalence of infectious diseases and rising global healthcare spending also fuel the adoption of electrocompetent cells. Advanced tools like site-directed mutagenesis, protein expression and functional genomics studies heavily rely on efficient transformation of desired genes into bacterial hosts, thereby propelling the electrocompetent cells industry. Technological advances further augment the market as novel competent cell strains with optimized features continue to enter the market.

The global Electrocompetent Cells Market is estimated to be valued at US$ 2.07 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends: One of the key trends driving growth in the electrocompetent cells market is the increasing popularity of molecular cloning techniques. As life sciences research expands in domains such as biotech and pharmaceuticals, techniques like site-directed mutagenesis, cloning and transformation are being widely adopted. This rising scope of molecular biology applications directly increases the demand for high quality, genetically modified bacterial strains that can effectively uptake alien DNA. Researchers also prefer competent cells with improved features like higher transformation efficiencies, wider host ranges and tolerance to inhibitory substances. Continuous launch of novel cell lines catering to evolving research needs further uplifts the market.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the electrocompetent cells market is low as it requires significant investment for R&D, achieving the required technological expertise and economies of scale to compete effectively.

Bargaining power of buyers: The bargaining power of buyers is high given the availability of products from various manufacturers at competitive prices and options for customization as per their requirements.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many established suppliers in the market with capacity to meet global demand. However, sophisticated technologies and expertise restrict the number of potential new suppliers.

Threat of new substitutes: The threat of substitutes is low as there are limited substitutes for electrocompetent cells used in various biotechnology applications currently.

Competitive rivalry: The competitive rivalry is high among major players to strengthen their presence and gain higher market share through new product launches, partnerships and expansion activities.

Key Takeaways

The global electrocompetent cells market is expected to witness high growth over the forecast period. The global Electrocompetent Cells Market is estimated to be valued at US$ 2.07 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.

Regionally, North America is anticipated to hold the largest share in the electrocompetent cells market. The availability of advanced research infrastructure and increasing R&D investments are supporting market growth.

Key players operating in the electrocompetent cells market include Merck KGaA, Thermo Fisher Scientific, Agilent Technologies, Takara Bio, Promega Corporation, Beijing TransGen Biotech, GeneScript, Yeastern Biotech, New England Biolabs, and QIAGEN. These players are focusing on new product launches, partnerships, and expansion activities to broaden their customer reach.

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  1. Source: Coherent Market Insights, Public sources, Desk research

2. We have leveraged AI tools to mine information and compile it