31-Aug-2018 | Zion Market Research
Zion Market Research has published a new report titled “Expression Vectors Market by Host (Bacterial, Yeast, Insect, and Mammalian), by Application (Therapeutic, Research, and Industrial), and by End-User (Biotechnology & Pharmaceutical Companies, CROs & CMOs, and Academic Research): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026.” According to the report, the Expression Vectors Market accounted for USD 297.3 Million in 2019 and is expected to reach USD 429.6 Million by 2026, growing at a CAGR of around 5.4% between 2020 and 2026.
Browse the full “Expression Vectors Market (Bacterial, Yeast, Insect, and Mammalian) by Application (Therapeutic, Research, and Industrial) for Biotechnology & Pharmaceutical Companies, CROs & CMOs, and Academic Research End-user: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026” report at https://www.zionmarketresearch.com/report/expression-vectors-market
High prevalence of infectious diseases and genetic disorders to augment the development of global expression vectors market in forecast period
As per analysts at Zion Market Research, the global expression vectors market is likely to show sturdy development in the years to come due to rising demand of protein-based drugs. The other major catalysts influencing the development of expression vectors market comprise the high prevalence of infectious diseases, genetic disorders, and other diseases. In addition to this, tech advancement in molecular biology, protein expression methods, and bioinformatics is likely to boost the growth of expression vectors market in the years to come. Rising unmet medical requirements due to the generic drugs’ patent expiration is further planned to propel the development of expression vectors market. On the other hand, high cost involved in R&D activities of expression vectors might hamper the growth of expression vectors market in the years to come.
But rising R&D by government bodies is expected to foster the development of expression vectors market. For example, in February 2018, the FDA approved for the Factor V test for employment on the Cobas 4800 system, which carries out real-time PCR diagnosis for high to mid-volume labs, thereby boosting the expression vectors market.
Asia Pacific likely to see quickest development in expression vectors market owing to competitive development in the biotechnology & pharmaceutical industry
The expression vectors market was ruled by North America with the biggest share in 2016. The development of expression vectors market is majorly attributed to elevated scientific R&D of novel techs in this area. In addition to this, high spending of the U.S. private firms in biology research is additionally likely to power the growth of expression vectors market in the coming years. Furthermore, Asia Pacific segment is likely to see quickest development in expression vectors market during the years to come. This development is majorly owing to competitive development in the biotechnology & pharmaceutical industry paired with rising penetration of firms in R&D activities, thereby fostering the expression vectors market. On the other hand, the Middle East & Africa and Latin America are also likely to exhibit noteworthy development in the expression vectors market over the forecast period.
Some of the key players including in the expression vectors market such as Clontech Laboratories, Inc., New England Biolabs, Sigma-Aldrich Corporation, Promega Corporation, Agilent Technologies, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Merck Millipore, QIAGEN, and GenScript USA Inc.
The global expression vectors market is segmented as follows:
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