GlobalMicroRNA (miRNA) Market was valued US$ xx Mn in 2019 and is expected togrow US$ xx Mn by 2027, at a CAGR of 13.55% during the forecast period.
Global MicroRNA (miRNA) Market
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MicroRNA, also recognized as miRNA.It is a class of RNA that plays a vital role in the regulation of geneexpression and is also involved in RNA silencing. MicroRNA is found in animals,plants, and some viruses. Generally, the development of well-organized andadvanced technology, rise in consciousness, increasing focus on R&D,growing government initiative across the globe, development of molecularbiology and genomic technologies, and growing government’s funding onhealthcare are the major growth drivers of the global micro-RNA market.
Growing number of patientssuffering from cancer and other cardiovascular disorders, rising number oftherapeutic applications, increasing adoption of the technology for use,reducing the cost of the sequencing are some of the factors which are drivingthe growth of the MicroRNA (miRNA) market in oncology in the forecast period(2019-2027). As well as, an increase in the adoption of micro-RNA in developingeconomies like China, India, and others, will create new opportunities for theglobal micro-RNA market.
The high cost of kits and productswith a lack of enhanced infrastructure are the restraints for the market growthof the MicroRNA (miRNA) market in oncology in the forecast period. The growingdemand for skilled personnel along with challenges concerning in-housedevelopment of analysis which is the key challenge for the growth of themicro-RNA market.
Existence of several companies,particularly domestic players creating massive price competition. Thermo FisherScientific Inc. is the leader in the global microRNA market in terms of revenueshare in 2018, because of a varied product portfolio. Thermo Fisher ScientificInc. also offers microRNA products exactly catering to the animal health andagriculture segment. Hence its wide product range providing to differentend-users make it a market leader in the microRNA market. Illumina Inc.,takings second position in the global microRNA market. The company hasmicroarray kits and library preparation kits for miRNA.
By End-use, Academic &government research institutes held the largest market share in the globalmarket in 2018. This is mainly because of the rapid adoption of microRNAresearch tools by universities and research labs. The biotech & pharmacompanies segment is poised to post the highest CAGR in the forecast period, onaccount of the rapid adoption of research tools in the translation ofscientific knowledge to clinical application.
By region, North America held thelargest market share of the global market in 2019, with approximately half ofthe world’s procedures being done in the U.S. because of high medicalreimbursement facilities, support from the government, and technologicaladvancement. Asia Pacific micro-RNA market is expected to grow with asignificant pace, because of the fast increasing population, rise in consumerawareness, favorable government policies, modernization of healthcareinfrastructure, and upward investments by the foreign countries in emergingcountries such as China, and India in the APAC region.
As well as, remarkable progress ingenomic studies and the rising adoption of innovative technologies are expectedto encourage the growth of the Asia Pacific market. For example, TaKaRa Bio,are involved in the development of products that consist of arrays and kits, soimproving the growth of the APAC region.
The objective of the report is topresent a comprehensive analysis of the Global MicroRNA (miRNA) Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis withthe potential impact of micro-economic factors of the market have beenpresented in the report. External as well as internal factors that are supposedto affect the business positively or negatively have been analyzed, which willgive a clear futuristic view of the industry to the decision-makers.
The report also helps inunderstanding Global MicroRNA (miRNA) Market dynamics, structure by analyzingthe market segments and project the Global MicroRNA (miRNA) Market size. Clearrepresentation of competitive analysis of key players by type, price, financialposition, product portfolio, growth strategies, and regional presence in theGlobal MicroRNA (miRNA) Market make the report investor’s guide.
Scope of the Global MicroRNA(miRNA) Market: Inquire before buying
Global MicroRNA (miRNA) Market, ByResearch Tools
• Services
o Sample collection
Whole Blood
Serum
Plasma
o miRNA cDNA Synthesis
o Profiling & Purification
o Detection
o Functional Studies
NGS
Microarray
Real Time PCR
Others
• Products
o Instruments
o Consumables
Isolation & Purification
Quantification & Detection
Functional Analysis
Others
Global MicroRNA (miRNA) Market, ByApplication
• Cancer
• Infectious Diseases
• Immunological Disorder
• Cardiovascular Disease
• Neurological Disease
• Others
Global MicroRNA (miRNA) Market, ByEnd-use
• Biotechnology and PharmaceuticalCompanies
• Academic & GovernmentResearch Institutes
• Others
Global MicroRNA (miRNA) Market, ByRegion
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the GlobalMicroRNA (miRNA) Market
• Illumina, Inc.
• F. Hoffmann-La Roche Ltd
• Agilent Technologies
• Bio-Rad Laboratories Inc.
• Sigma Aldrich Corp.
• Qiagen N.V
• Thermo Fisher Scientific, Inc.
• HTG Molecular Diagnostics, Inc.
• Bioline GmbH (A Meridian LifeScience Company)
• Rosetta Genomics Ltd.
• Dharmacon, a Horizon DiscoveryGroup Co.
• BioVendor — Laboratorní medicínaa.s.
• Miltenyi Biotec
• Kaneka Corporation (Eurogentec)
• Abcam Plc
• GeneCopoeia, Inc.
• Promega Corporation
• New England Biolabs, Inc.
• NanoString Technologies, Inc.
• System Biosciences LLC
• Others
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