According to the research report titled ‘Global Expression Vectors Market Size study, By Host Type (Bacterial Expression Vectors, Mammalian Expression Vectors, Insect Expression Vectors, Yeast Expression Vectors, Other Expression Vectors), By Application (Therapeutic Applications, Research Applications, Industrial Applications), By End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs), Academic Research Institutes, Other End Users), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global expression vectors market was worth USD 334.54 million in 2021 and is anticipated to progress with 5.5% CAGR during the analysis timeframe to accumulate USD 486.65 million by the year 2028.

Reliable estimates cite that rising demand for protein-based medications, growing prevalence of lifestyle diseases, infectious diseases, and genetic abnormalities, along with ongoing technical advancements, and increasing funding for protein research are the major factors propelling the global expression vectors market growth.

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For the unversed, an expression vector is a plasmid or virus engineered for cellular gene expression in cells. This vector is primarily used to deliver a specific gene into a target cell and can capture the protein synthesis process of a cell to produce the protein that the gene encodes.

Furthermore, increasing rate of lifestyle diseases like diabetes, cardiovascular disease, and cancer, as well as growing investments in R&D activities would increase the demand for expression vector, which in turn is expected to augment industry outlook in the coming years.

However, rising rivalry, and the high price of protein treatment may hamper market expansion over the stipulated timeframe.

Regionally, North America expression vectors market holds a major revenue share at present, because of increasing investments from and private and public companies in biology research as well as the creation of novel technologies in the region.

Whereas Asia Pacific industry is predicted to witness a healthy CAGR over the analysis timeframe, due to rising consumer awareness of the availability of biologics, expanding healthcare infrastructure, and development of emerging economies like China and India.

GenScript Biotech Corp., ATUM, Clontech Laboratories, Inc., Qiagen N.V., Merck Millipore, New England Biolabs, Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Sigma-Aldrich Corporation, Promega Corporation, and Thermo Fisher Scientific, Inc. are the leading players in global expression vectors market.