Uploaded on Feb 1, 2022
Increase in technological advancements and rise in research grants by various institutes is expected to drive the market growth. In addition, the potential of RNAs to act as candidates for diagnostic biomarkers and predictors of drug response are anticipated to further drive the demand for transcriptomics globally. However, standardization concerns over RNA sequencing and lack of skilled professionals restrict the market growth.
Transcriptomics Market to move forward at a double-digit CAGR by 2026
Transcriptomics Market growing at a
CAGR of 13.8% | Strategic Analysis and
Future Scenarios – 2026
Transcriptomics Market by Technology (Microarray, Real-time PCR, and Sequencing Technology), Products & Services
(Consumables, Instruments, Software, and Services), Application (Diagnostics & Disease Profiling, Drug Discovery, and
Others), and End User (Government Institutes & Academic Centers, Pharmaceutical & Biotechnology Companies, and
Contract Research Organization) - Global Opportunity Analysis and Industry Forecast, 2018-2026
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Overview
According to a new report published by Allied Market
Research, titled, "Transcriptomics Market by Technology,
Products & Services, Application, and End User: Global
Opportunity Analysis and Industry Forecast, 2017-2023,"
global transcriptomics market was valued at $3,212 million in
2016, and is projected to reach $7,954 million by 2023,
growing at a CAGR of 13.8% from 2017 to 2023. Real-time
PCR segment held more than two-fifths share of the total
market in 2016.
Increase in technological advancements and rise in research
grants by various institutes is expected to drive the market
growth. In addition, the potential of RNAs to act as
candidates for diagnostic biomarkers and predictors of drug
response are anticipated to further drive the demand for
transcriptomics globally.
Segments
In terms of revenue, the global surgical robotics market is
segmented on the basis of Product Technology, Product &
Services, Application and End User.
By Application - Drug discovery application led the overall
transcriptomics market, and accounted for nearly three-fifths
of the total market in 2016.
By Technology- Sequencing technology is projected to
grow at highest CAGR of 15.1% during the forecast period.
qPCR technology segment occupied nearly half of the global
transcriptomics market in 2016. Based on technology, it is
divided into microarray, real time-PCR (qPCR), and
sequencing.
Geography
North America dominated the Transcriptomics
market. The market growth in North America is
primarily a reflection of product innovations and
launches resulting from technological advancements.
The companies mostly adopted product launch,
acquisition, and expansion as their key strategies to
keep pace with the changing demands of consumers
and strengthen their market position.
Key Market Players
The key players operating in the global Transcriptomics market are
• QIAGEN (Exiqon)
• Thermo Fisher Scientific Inc.
• Illumina, Inc.
• Agilent Technologies.
• GE Healthcare Dharmacon Inc.
• Bio-Rad Laboratories, Inc.
• F. Hoffmann-La Roche Ltd.
• Merck & Co., Inc.
• Fluidigm Corporation.
• Promega Corporation.
• An in-depth market analysis includes analysis of various
regions, which is anticipated to provide a detailed
Key Findings of the understanding of the current trends to enable
stakeholders formulate region-specific plans.
Transcriptomics • A comprehensive analysis of factors that drive and
market: restrain the growth of the global is provided.
• The projections in this report are made by analyzing the
current trends and future market potential from 2021 to
2030, in terms of value.
Find out more at the Allied Market Report store
https://www.alliedmarketresearch.com/transcriptomics-market
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