PLASMID PURIFICATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global plasmid purification market is estimated to be valued at USD 1.98 Bn in 2024 and is expected to exhibit a CAGR of 11.4% during the forecast period (2024-2031). Plasmid purification is a technique of isolating plasmid DNA from bacterial cells. Bacterial plasmids are extrachromosomal DNA molecules that can replicate independently of the chromosomal DNA. They are commonly used as cloning vectors for genetic engineering purposes. With the rise in molecular biology research and application of genetic engineering across diverse fields like biomedicine, agriculture, energy, and others, the demand for highly pure plasmid DNA has increased tremendously. Plasmid purification market has emerged as an important segment to address the need for pure plasmid preparations in a timely and cost-effective manner.
Market Dynamics:
Increasing application of genetic engineering and molecular biology techniques across various end-use industries is a major growth driver for the plasmid purification market. Advancements in recombinant DNA technology and proliferating R&D activities in drug discovery and development have augmented the demand for plasmid DNA. However, high costs associated with downstream processing equipment and regulatory issues pertaining to genetically modified organisms (GMOs) are hindering the market expansion. Adoption of automation and robotics provide new opportunities by enabling higher throughput and reproducible purification of plasmids. Development of precise and scalable purification methodologies can help address safety concerns around GMOs to some extent.
Key Features of the Study:
- This report provides in-depth analysis of the global plasmid purification market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global plasmid purification market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Merck KGaA, QIAGEN, Thermo Fisher Scientific, Inc., Takara Bio, Promega Corporation, Zymo Research, MP BIOMEDICALS, New England Biolabs, MCLAB, Agilent Technologies Inc., Illumina Inc., and Applied Biological Materials Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global plasmid purification market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plasmid purification market
Market Segmentation
Market Segmentation
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