Pune, April 17, 2023 (GLOBE NEWSWIRE) -- The global electroporators market size is expected to reach USD 445 million in 2028 and register a steady revenue CAGR of 7.74% during the forecast period. Key factors such as rising demand for gene therapy, growing prevalence of cancer, and increasing product approvals are expected to drive global market revenue growth.
Electroporators, also known as electroporation systems are laboratory devices used in molecular biology to make temporary pores and increase the permeability of cell membranes of biological samples such as bacteria, algae, yeast, or mammalian cell by applying an electrical field. These pores allow molecules such as DNA, RNA, or proteins to enter or exit the cell which can be useful in applications such as genetic engineering, transfection, and gene therapy. Electroporation is widely in research laboratories, academic institutes, and pharmaceutical and biotechnology companies for various applications such as gene editing, drug discovery, vaccine development, gene therapy, and electrochemotherapy.
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In the recent times, the growing prevalence of various chronic diseases and rising need for quick therapy has resulted in high demand for advanced electroporation systems across research institutes and pharma & biotech companies worldwide. Manufacturers and leading companies are heavily investing in research and development activities to develop and launch novel and advanced electroporators, consumables, and reagents.
Factors such as increasing advancements in gene-editing technologies, improving pharmaceutical and research infrastructure, rising funds by public and private sectors, increasing awareness about benefits of electroporators, and rising investments in developing novel and more enhanced electroporators are expected to boost global market growth between 2023 and 2028.
However, factors such as high costs of advanced electroporators, stringent government regulations, inadequate infrastructure, budget issues in many small-scale companies and research laboratories, and dearth of skilled labor to operate advanced instruments are expected to hamper global market growth to a certain extent going ahead.
Consumables Segment to Register Rapid Revenue CAGR:
The consumables segment is expected to register rapid revenue CAGR over the forecast period. Factors such as increasing demand for various types of consumables such as cuvettes, buffers, and electrodes from academic and research institutes, pharmaceutical and biotechnology companies, and rising availability of various types of electroporation consumables are expected to drive segment revenue growth during the forecast period. In addition, many companies are investing in research and development activities to launch more effective and affordable consumables.
Academic and Research Institutes Segment to Account for a Significantly Larger Revenue Share:
The academic and research institutes segment is expected to account for a significantly larger revenue share between 2023 and 2028. This growth can be attributed to rising need for developing novel drugs to cater to increasing prevalence of chronic diseases, improving research infrastructure and facilities, high adoption of advanced electroporation systems for various applications and in conjugation with other technologies, rising funds for research in electrophoresis technique, and increasing collaborations among academic and research institutions and major market players.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to increasing prevalence of chronic diseases, rapid advancements in electroporation instruments, presence of well-developed healthcare and research infrastructure, and rising preference for gene therapy. In addition, high adoption of electroporators in gene therapy, cancer treatment, and protein delivery, ongoing research on developing more enhanced systems, and presence of key players are other factors that can drive North America market growth in the coming years.
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Electroporators Market by Company:
- Thermo Fisher Scientific
- Lonza
- Bio-Rad
- Eppendorf
- AngioDynamics
- MaxCyte
- Harvard Bioscience, Inc.
- BEX Co. Ltd.
- Merck
- Gel Company
- Biotron Healthcare
Electroporators Industry Recent Developments:
- In March 2022, Thermo Fisher Scientific announced the launch of a novel electroporation system, Gibco CTS Xenon Electroporation System which enables large scale cell therapy development and clinical manufacturing.
- In June 2020, MaxCyte introduced the new expert range of expanded research and GMP grade disposables that can be used for the company’s complete range of electroporation instrumentation.
The global Electroporators market has been segmented based on type, application, and region:
Electroporators Market Segment by Type:
- Electroporators
- Consumables
- Reagents
Electroporators Market Segment by Application:
- Academic and Research Institutes
- Pharmaceutical and Biotechnology Companies
- Others
Electroporators Market Segment by Region:
- North America (USA, Canada, Mexico)
- Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East & Africa (Turkey, Saudi Arabia, U.A.E)
Key Questions Addressed:
- What revenue CAGR is the global market expected to register during the forecast period?
- Which key players are leading in the global electroporators market?
- What is the expected market size of the global electroporators market between 2023 and 2028?
- What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
- What are some of the key challenges that the global market is expected to face during the forecast period?
- Which region is expected to account for largest revenue share over the forecast period?
Key Reasons to Purchase:
- Estimates 2023 to 2028 electroporators market current market trends and development trends
- Market dynamics along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the electroporators market
- Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
- Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
- Brief about impact of COVID-19 on the global electroporators market
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