miRNA Sequencing and Assay Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

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miRNA Sequencing and Assay Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : February, 2023 | Biotechnology

Report Digest

miRNA Sequencing and Assay Market: Overview

The increasing cases of various cancer types have created numerous research and development activities. One of these includes the study of micro RNA sequencing and assay by synthesis, the increasing number of ongoing research of which is prognosticated to boost the global miRNA sequencing and assay market. miRNA sequencing is the utilization of massively parallel high-throughput DNA sequencing or next-generation sequencing for sequencing microRNAs.

The global miRNA sequencing and assay market is classified on the basis of product & service, technology, workflow, application, end use, and region, Based on product and services, the market is bifurcated into services and products, out of which the products segment is further grouped into instruments, sequencing consumables, and library preparation kits. In terms of technology, the market is categorized into single molecule real-time (SMRT) Seq., Sanger Seq., Nanopore Seq., Seq. by Oligonucleotide Ligation and Detection (SOLiD), Sequencing (Seq.) By Synthesis. With respect to application, the market is Schizophrenia, Autoimmune Disease, Poluglutamine diseases, and cancer. As per segmentation by end-use, the market is trifurcated into contract research organization, research and academic institutes, and pharmaceutical & biotechnology industry.

The report on the global miRNA sequencing and assay market is based on a 360-degree overview of the market and its prime growth trajectories. It also discusses the possibility of challenging factors affecting the overall growth of this market and how can manufacturers avoid such circumstances by applying which strategies. Additionally, the report also highlights the impact of the novel COVID19 pandemic on this market and what is their future prospective during this time. Furthermore, the report lists the key segments and players of this market, names of leading segment and notable industry developments. The report is available for sale on the company website.

miRNA Sequencing and Assay Market: Competitive Landscape

At present, Thermo Fisher Scientific Inc., and Illumina Inc., are collectively holding the lion’s share on the overall market for miRNA sequencing and assay. Players of this market are focusing on improving their portfolio with respect to product and services to emerge dominant in the market competition. Besides this, the players are also indulging in collaborative efforts so as to indulge in double profit and half risk, for the ultimate benefit of their brand names in the overall market.

Some of the key players of the global miRNA sequencing and assay market include:

  • System Biosciences, LLC
  • HTG Molecular Diagnostics Inc.
  • Meridian Bioscience Inc.
  • Maravai LifeSciences
  • Norgen Biotek Corp
  • Lexogon GmbH
  • Takara Bio Inc
  • Abcam plc
  • New England Biolabs
  • PerkinElmer Inc.
  • Illumina Inc.
  • Thermo Fisher Scientific Inc.

miRNA Sequencing and Assay Market: Industry Development

  • The small RNA isolation kit called TraPR (Trans-Kingsom, Rapid, Affordable Purification of RISCS) was launched by Lexogon GmbH in June 2020.
  • For up gradation of existing sequencing and assay and the development of new sequence analysis technology, an estimated US$ 682 million was invested by Illumina Inc.,in 2020 for research and development purposes.  

miRNA Sequencing and Assay Market: Trends and Opportunities

Various factors such as the benefits of miRNA sequencing, ascend in appropriation of RNA sequencing conventions in biotechnology research, and the utilization of miRNAs as basic controllers of wellbeing and illness stands as the key factors boosting the microRNA sequencing and examine market growth. Additionally, the growing commonness of disease and immune system problems, and rising number of cancer cases will also drive the market in the forecast period.

miRNA Sequencing and Assay Market: Regional Analysis

Regionally, the market is dominated by North America on account of the presence of top companies in this field such as Illumina Inc., and Thermo Fisher Scientific, among others. Besides this, the intense research and development activities and high funding for the same will help this region continue dominating the market in the forecast period.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

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Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

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COVID-19 Impact

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The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?