The Electroporation and Electrofusion Market is being driven by Growing incidence and prevalence of cancer
The Electroporation and Electrofusion Market is expected to grow at a CAGR of 7.27% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 238.95 million. In the realm of biotechnology, biopharmaceuticals represent a significant and growing sector, encompassing a diverse range of products derived from biological sources. These include vaccines, blood components, allergenics, stem cells, tissues, gene therapies, monoclonal antibodies, and recombinant therapeutic proteins. The therapeutic applications of biopharmaceuticals extend to regenerative medicine, where stem cells are utilized to replace damaged or diseased tissues in patients afflicted by severe chronic conditions. With their capacity for indefinite division and differentiation into various tissues, stem cells hold immense promise. The recent years have witnessed a surging demand for biopharmaceutical products, particularly those derived from mammalian cells, driven by their potential to address unmet medical needs and improve patient outcomes.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.27% |
Market growth 2024-2028 |
USD 238.95 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
6.85 |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Electroporation and Electrofusion Market encompasses technologies and devices used for enhancing the efficiency of cell transformation through electroporation and fusion via electrofusion. Key factors include optimizing electroporation and electrofusion parameters, electrode maintenance, and microfluidic control. Electrode fouling and cell death, including electroporation-induced apoptosis and electrofusion-induced cell death, are critical concerns. Pulse waveform and shape, electrode material characterization, and surface modification are essential for electrode longevity, reusability, and biocompatibility. The market includes electroporation and electrofusion devices, kits, services, and research in various applications, such as microfluidic automation and integration.
The electroporation and electrofusion market is a significant segment of the global life sciences tools and services market, which was valued at USD132.53 billion in 2023. This market encompasses companies and products involved in research and development (R&D) of cell membrane permeabilization technologies, gene and RNA delivery systems, cell transformation, tissue engineering, and drug delivery solutions. Key applications include gene editing, biopharmaceutical development, and laboratory diagnosis of various diseases. The market is expected to grow moderately during the forecast period, driven by increasing demand for advanced research tools and services in the life sciences sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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