miRNA Tools and Services Market By Product and Services (Research Tools, Services), By Technology (Extraction Tools, qRT-PCR, NGS, Microarray, Functional Analysis Tools, Others), By End User (Research and Academic Institutes, IVD, Pharma and Biotech Companies, CROs): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global miRNA tools and services market was valued $311.86 million in 2021 and expected to reach $1,822.15 million by 2031, with a CAGR of 19.3% from 2022 to 2031. After the process of transcription, the molecules that regulate gene expressions are microRNAs (miRNAs). MiRNAs are a type of non-coding RNA. MiRNAs have been found in a variety of organs and extracellularly in bio fluids such serum, plasma, saliva, and urine. Because miRNAs are highly stable in samples like FFPE, plasma, and serum, they can be used to generate biomarkers and clinical diagnostics. MicroRNA (miRNA) is a type of noncoding RNA with a length of 22nt that is responsible for RNA silencing and post-transcriptional regulation of gene expression in numerous cancer cells at the same time. Base-pairing with complementary sequences within mRNA molecules is how they work. They've recently been studied as novel therapeutic agents for treating a variety of illnesses, including cancer and infections.
Development of new product tools is one of the most important recent advancements in the miRNA market. Nano String Technologies Inc., for example, launched the GeoMx Digital Spatial Profiler in 2020, which allowed for highly-multiplexed spatial profiling of RNA and protein targets in a range of sample types, including FFPE tissue sections.
Recent advancements in microRNA applications, such as possible biomarkers in sophisticated diagnostics, have accelerated the development of new products and research in exploration of miRNA are all factors that drive the growth of miRNA tools and services market. The formation of massive amounts of public and private money is one of the primary factors contributing to market expansion. Advantages of miRNA sequencing over other technologies, increase in development of genomics products, and decline in the falling cost of sequencing are all driving this market forward. However, the inconvenient nature of microRNAs' development is exacerbated by their complexity and fragility. Furthermore, the market is expected to flourish by bioinformatics and technologically improved systems, such as Next-Generation Sequencing.
The miRNA tools and services market is segmented on the basis of product, technology, end user, and region. By product, the industry classified into research tools and services. The research tools segment is further segmented into kits, reagents, and other consumables, and services segment is fragmented into miRNA extraction services, quantification services, microarray services, sequencing services, functional studies services, and others. By technology the market is segregated into extraction tools, qrt-pcr, next-generation sequencing, microarray, functional analysis tools and others.
By end user, the market is classified into research & academic institutes, in vitro diagnostics, pharma & biotech companies, and contract research organizations s. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major key players that operate in the global miRNA tools and services market are Agilent Technologies, Bio-Rad laboratories, General Electrics, Integrated DNA Technologies, Koninklijike Philips N.V., Merck & Co., Omega Bio-Tek, Promega Corporation, Qiagen, and Thermo Fischer Scientific Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mirna tools and services market analysis from 2021 to 2031 to identify the prevailing miRNA tools and services market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mirna tools and services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mirna tools and services market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product and Services
Research Tools
Services
By Technology
Extraction Tools
qRT-PCR
NGS
Microarray
Functional Analysis Tools
Others
By End User
Research and Academic Institutes
IVD, Pharma and Biotech Companies
CROs
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Agilent Technologies INC.
Bio-Rad Laboratories, Inc.
GeneCopoeia, Inc.
Illumina, Inc.
New England Biolabs
Norgen Biotek Corp.
Promega Corporation
Qiagen N.V.
Thermo Fisher Scientific inc
General Electric Company
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