Transfection Reagent & Equipment Market Worth $1.08 Billion By 2022A Chapter by Markets InsightsThe global transfection reagent & equipment market size was valued at USD 706.26 million in 2016. It is expected to expand at a CAGR of 7.4% during the forecast period.The
global Transfection
Reagent & Equipment Market size is expected to reach USD 1.08
billion by 2022, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 7.4% during the forecast period. The growth of the
market can be attributed to ongoing oncology-based research & development
that aimed at understanding disease cause at genomic & molecular levels
coupled with consequent surging demand for targeted therapies. Transfection
technology is recognized as an integral part of research programs pertaining to
thorough investigation of various chromosomal anomalies. Hence, rising cancer
prevalence of cancer as well as genetic conditions is anticipated to provide a
fillip to the market. Furthermore, funds and grants by funding and government bodies
are likely to back the growth of the market. Funding
and federal agencies, such as National Science Foundation (NSF), are offering
the biotechnology sector with huge funding to carry out their
biotechnology-based investigational studies. Moreover, international funding
bodies such as NIH and Welcome Trust are projected to play a crucial role in
the growth of the market by providing funds for genetic research studies. Such
significant funds and grants are poised to boost the adoption of transfection technology
over the forecast period. Browse Details of Report @ Further Key Findings From the Report Suggest:
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Added on January 23, 2020 Last Updated on January 23, 2020 Tags: Transfection Reagent & Equipment AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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