Hyderabad, India -- (SBWire) -- 02/24/2018 --According to a new market research report " Competent Cells Market By Type (Chemically, Electrocompetent), Application (Subcloning, Phage Display Library Production, Unstable DNA Cloning, High-Throughput Cloning, Mutagenesis), End User (Pharmaceutical Companies, Academia) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", published by MarketDataForecast™, the market is expected to reach USD 2.12 Billion by 2021 from USD 1.3 Billion in 2016, at a CAGR of 10.3%. Factors such as technological up-rise involving research development in molecular cloning and increase in demand for molecular cloned products are driving the growth of this market
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By type, the biggest market share by volume in 2016 is commandeered by chemically competent cells segment
Depending on type, the Competent Cells Market is divided into Chemically, Electrocompetent. The highest share of the global Competent Cells Market in 2016 is contributed by chemically competent cells segment. Factors driving the growth of this segment mainly involves less cost production and effective product.
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The cloning segment dominated the global market share in 2016
By application, the market is segmented into Subcloning, Phage Display Library Production, Unstable DNA Cloning, High-Throughput Cloning, Mutagenesis. The largest share of the global Competent Cells Market in 2016 is contributed by the cloning segment. Favourable fund programs made by government into researches in cloning is a major factor driving this market.
Academic researches segment commanded the largest share of the market in 2016
On the basis of end users, the Competent Cells Market is categorized into Pharmaceutical Companies, Academia. The academia or academic researches segment accounted for the largest share of the global Competent Cells Market, and is expected to continue the trend during the forecast period.
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The largest share of the Competent Cells market in 2016 is commandeered by North America
Based on region, the Competent Cells Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America dominated the Competent Cells Market in 2016, followed by Asia – Pacific. Asia - Pacific being the second largest market is expected a high growth rate and crossover North American market within the forecast period.
Key players in the Competent Cells Market include BioDynamics Laboratory Inc., (Japan), SMOBIO Technology (Taiwan), GCC Biotech (India), QIAGEN N.V. (Germany), Thermo Fisher Scientific Inc. (U.S), Merck KGaA (Germany), OriGene Technologies (U.S.), Bioline (U.K.), Promega Corporation (U.S.), Zymo Research (U.S.).
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