Asia Pacific Competent Cells Market

Asia Pacific Competent Cells Market Size, Share & Trends Analysis Report By Type, By Application (Cloning, Protein Expression, Mutagenesis, and Others), By End-Use, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23710 Publication Date: July-2024 Number of Pages: 124
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Analysis of Market Size & Trends

The Asia Pacific Competent Cells Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Competent Cells Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $304.9 million by 2031. The Japan market is registering a CAGR of 7.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9.3% during (2024 - 2031).

Asia Pacific Competent Cells Market

Academic and research laboratories represent significant users of these cells. These institutions rely on these cells for fundamental molecular biology, genetics, and biotechnology research. Adoption in academia is driven by the need for tools that facilitate gene cloning, gene editing, and the construction of genetic libraries for studying gene function and disease mechanisms. Continuous advancements in genetic engineering, synthetic biology, and high-throughput screening technologies drive adoption.

Additionally, competent cell suppliers offer products tailored to specific research and industrial applications. Customization options include specialized strains optimized for high transformation efficiency, protein expression, or specific genetic modifications. This diversity allows researchers to choose products that best meet their experimental requirements.

India’s biotech sector is expanding rapidly, focusing on developing and producing biopharmaceuticals, including vaccines, therapeutic proteins, and biosimilars. As per the National Investment Promotion & Facilitation Agency, India's bioeconomy sector, valued at $137 billion in 2023, is set for significant expansion, with estimates indicating it will reach $150 billion by 2025 and $300 billion by 2030. This growth reflects a strong annual growth rate of 17%. The country boasts formidable capabilities in contract manufacturing, research, and clinical trials, bolstered by the presence of the highest number of US FDA-approved plants globally outside the US.

Additionally, The Chinese government fosters biopharmaceutical innovation through initiatives like the Made in China 2025 strategy and regulatory reforms to streamline drug approval processes. According to the International Trade Administration (ITA), China’s pharmaceutical sector has constantly grown and reached $161.8 billion in 2023, taking about 30% of the global industry share. Suppliers offering compliant and validated competent cell products gain a competitive advantage, supporting local and multinational pharmaceutical firms in achieving regulatory approvals and market entry in China. Thus, the growing biotech and pharmaceutical industries in the region are driving the market's growth.

Free Valuable Insights: The Global Competent Cells Market is Predict to reach USD 3.7 Billion by 2031, at a CAGR of 7.9%

Based on Type, the market is segmented into Chemically Competent Cells, Electrocompetent Cells, and Ultracompetent Cells. Based on Application, the market is segmented into Cloning, Protein Expression, Mutagenesis, and Others. Based on End-Use, the market is segmented into Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • Thermo Fisher Scientific, Inc.
  • Merck KGaA
  • Agilent Technologies, Inc.
  • Bio-Rad Laboratories, Inc.
  • Promega Corporation
  • New England Biolabs, Inc.
  • Qiagen N.V
  • Hoffmann-La Roche Ltd.
  • Takara Bio Inc. (Takara Holdings Inc.)
  • Lonza Group Ltd. (Capsugel)

Asia Pacific Competent Cells Market Report Segmentation

By Type

  • Chemically Competent Cells
  • Electrocompetent Cells
  • Ultracompetent Cells

By Application

  • Cloning
  • Protein Expression
  • Mutagenesis
  • Others

By End-Use

  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Institutes
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
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