MicroRNA Market Size, Share & Trends Analysis Report By Products & Services (Instruments, Consumables), By Application (Cancer, Infectious Diseases) By End-use, By Region, And Segment Forecasts, 2024 - 2030
MicroRNA Market Growth & Trends
The global microRNA market size is expected to reach USD 3.64 billion by 2030, registering a CAGR of 12.87% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is propelled by substantial investments in research and development initiatives for the development of novel diagnostic tests and therapeutics, coupled with the successful integration of microRNAs in clinical trials. The biopharmaceutical sector plays a significant role in the current biotechnology industry. The expenditure on R&D has significantly increased in the biotechnology industry. Several biopharmaceutical companies are investing in the development of RNA-based therapeutics (miRNAs & siRNAs). Some of the major players are Regulus Therapeutics, Rosetta Genomics, Alnylam Pharmaceuticals, miRagen Therapeutics, and Mirna Therapeutics.
The substantial investments coupled with increased government funding in miRNA R&D initiatives for the development of new diagnostic tests & therapeutics are anticipated to boost the market growth. Several new players have arrived in the market with innovative approaches for the development of targeted therapeutics and identifying drug targets. For instance, in an article published in Elsevier in April 2022, a team of researchers provided a summary of current large-cohort studies that show the clinical value of circulating miRNAs for the early diagnosis of disease.
The rising number of studies investigating the tumor-suppressive effects of various microRNAs, particularly in cancer cell lines like thoracic cancer, is driving an increased demand for microRNA research tools. Additionally, miRNA-based therapeutics have demonstrated high potential in the treatment of various diseases and are continuously evolving. Accurate delivery of miRNA-based therapeutic agents to the targeted cells remains a major challenge for clinical applications. However, the recent introduction of efficient delivery systems, such as nanoparticle-based delivery systems, is anticipated to help overcome this challenge.
MicroRNA Market Report Highlights
- Based on products & services, the services segment dominated the market with the highest revenue share of 58.8% in 2023, due to its ability to provide wide services such as isolation & purification, miRNA cDNA synthesis, profiling, localization, & quantification, functional analysis, and others
- Based on application, the cancer segment dominated the segment with the highest revenue share in 2023, due to high investments in cancer research adopting miRNA signatures
- Based on end-use, the biotechnology & pharmaceutical companies segment dominate the market with the highest revenue share in 2023, due to their ability to establish collaborations and partnerships with research institutions that allow them to access cutting-edge research and collaborate on large-scale projects
- North America dominated the global industry in 2023 owing to the presence of key market players in the region
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.1.1. Segment Definitions
- 1.1.1.1. Products & Service Segment
- 1.1.1.2. Application Segment
- 1.1.1.3. End-use Segment
- 1.2. Regional Scope
- 1.3. Estimates and Forecast Timeline
- 1.4. Objectives
- 1.4.1. Objective - 1
- 1.4.2. Objective - 2
- 1.5. Research Methodology
- 1.6. Information Procurement
- 1.6.1. Purchased Database
- 1.6.2. GVR’s Internal Database
- 1.6.3. Secondary Sources
- 1.6.4. Primary Research
- 1.7. Information or Data Analysis
- 1.7.1. Data Analysis Models
- 1.8. Market Formulation & Validation
- 1.9. Model Details
- 1.9.1. Commodity Flow Analysis
- 1.10. List of Primary Sources
- 1.11. List of Abbreviations
- Chapter 2. MicroRNA (miRNA) Market: Executive Summary
- 2.1. Market Snapshot
- 2.2. Products and Services Snapshots
- 2.3. Application and End-use Snapshot
- 2.4. Competitive Landscape Snapshot
- Chapter 3. MicroRNA (miRNA) Market Variables, Trends, & Scope
- 3.1. Market Segmentation and Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Dynamics
- 3.4. Market Drivers Analysis
- 3.4.1. Outbreak of COVID - 19
- 3.4.2. Recent innovation in application of miRNAs
- 3.4.2.1. Increased adoption for use as a biomarker
- 3.4.2.2. Therapeutic applications
- 3.4.3. High investments in miRNA R&D initiatives for development of new diagnostic tests & therapeutics
- 3.4.4. The success of miRNA in clinical trials
- 3.4.5. Technological advancements to support nucleic acid studies
- 3.4.6. Exponentially declining cost of sequencing
- 3.5. Market Restraint Analysis
- 3.5.1. High cost associated with microRNA kits and other products
- 3.5.2. Challenges in handling RNA & in-house development of assays for microRNA detection
- 3.5.3. Poor reproducibility of research and specificity of products
- 3.5.4. Limited life science research infrastructure in emerging markets
- 3.6. Business Environment Analysis
- 3.6.1. Porter’s Five Forces Analysis
- 3.6.2. PESTLE Analysis
- 3.7. COVID-19 Analysis
- Chapter 4. Products & Services Estimates & Trend Analysis
- 4.1. MicroRNA (miRNA) Market: Products Movement Analysis
- 4.2. Instruments
- 4.2.1. Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2. Technology
- 4.2.2.1. Technology Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2.2. Real-Time PCR
- 4.2.2.2.1. Real-Time PCR Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2.3. Microarray
- 4.2.2.3.1. Microarray Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2.4. NGS
- 4.2.2.4.1. NGS Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2.5. Others
- 4.2.2.5.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3. Workflow
- 4.2.3.1. Workflow Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.2. Isolation & Purification
- 4.2.3.2.1. Isolation & Purification Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.3. miRNA cDNA Synthesis
- 4.2.3.3.1. miRNA cDNA Synthesis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.4. Profiling, Localization, & Qualification
- 4.2.3.4.1. Profiling, Localization, & Qualification Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.5. Functional Analysis & Others
- 4.2.3.5.1. Functional Analysis & Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.6. Others
- 4.2.3.6.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3. Consumables
- 4.3.1. Consumables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Specimen
- 4.3.2.1. Specimen Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.2. Whole Blood
- 4.3.2.2.1. Whole Blood Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.3. Serum
- 4.3.2.3.1. Serum Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.4. Plasma
- 4.3.2.4.1. Plasma Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.5. FFPE
- 4.3.2.5.1. FFPE Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.6. Fresh Frozen Tissue
- 4.3.2.6.1. Fresh Frozen Tissue Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.7. Others
- 4.3.2.7.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Workflow
- 4.3.3.1. Workflow Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.2. Isolation & Purification
- 4.3.3.2.1. Isolation & Purification Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.3. miRNA cDNA Synthesis
- 4.3.3.3.1. miRNA cDNA Synthesis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.4. Profiling, Localization, & Qualification
- 4.3.3.4.1. Profiling, Localization, & Qualification Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.5. Functional Analysis & Others
- 4.3.3.5.1. Functional Analysis & Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.6. Others
- 4.3.3.6.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Service Type Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Isolation & Purification
- 4.4.2.1. Isolation & Purification Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. miRNA cDNA Synthesis
- 4.4.3.1. miRNA cDNA Synthesis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Profiling, Localization, & Qualification
- 4.4.4.1. Profiling, Localization, & Qualification Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5. Functional Analysis
- 4.4.5.1. Functional Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.6. Others
- 4.4.6.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Specimen
- 4.5.1. Specimen Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Whole Blood
- 4.5.2.1. Whole Blood Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Serum
- 4.5.3.1. Serum Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.4. Plasma
- 4.5.4.1. Plasma Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.5. FFPE
- 4.5.5.1. FFPE Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.6. Fresh Frozen Tissue
- 4.5.6.1. Fresh Frozen Tissue Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.7. Others
- 4.5.7.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 5. Application Estimates & Trend Analysis
- 5.1. MicroRNA (miRNA) Market: Application Movement Analysis
- 5.2. Cancer
- 5.2.1. Cancer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. Infectious Diseases
- 5.3.1. Infectious Diseases Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Immunological Disorder
- 5.4.1. Immunological Disorder Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Cardiovascular Disease
- 5.5.1. Cardiovascular Disease Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Neurological Disease
- 5.6.1. Neurological Disease Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 6. End-use Estimates & Trend Analysis
- 6.1. MicroRNA (miRNA) Market: End-use Movement Analysis
- 6.2. Biotechnology & Pharmaceutical Companies
- 6.2.1. Biotechnology & Pharmaceutical Companies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Academic & Government Research Institutes
- 6.3.1. Academic & Government Research Institutes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Other End-users
- 6.4.1. Other End-users Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Regional Business Analysis
- 7.1. Regional Market Snapshot
- 7.2. North America
- 7.2.1. North America MicroRNA (miRNA) Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. Competitive Scenario
- 7.2.2.3. Regulatory Framework
- 7.2.2.4. Target Disease Prevalence
- 7.2.2.5. U.S. MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Competitive Scenario
- 7.2.3.3. Regulatory Framework
- 7.2.3.4. Target Disease Prevalence
- 7.2.3.5. Canada MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Competitive Scenario
- 7.3.2.3. Regulatory Framework
- 7.3.2.4. Target Disease Prevalence
- 7.3.2.5. UK MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Competitive Scenario
- 7.3.3.3. Regulatory Framework
- 7.3.3.4. Target Disease Prevalence
- 7.3.3.5. Germany MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.4. Spain
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. Competitive Scenario
- 7.3.4.3. Regulatory Framework
- 7.3.4.4. Target Disease Prevalence
- 7.3.4.5. Spain MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.5. France
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Competitive Scenario
- 7.3.5.3. Regulatory Framework
- 7.3.5.4. Target Disease Prevalence
- 7.3.5.5. France MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.6. Italy
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Competitive Scenario
- 7.3.6.3. Regulatory Framework
- 7.3.6.4. Target Disease Prevalence
- 7.3.6.5. Italy MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Competitive Scenario
- 7.3.7.3. Regulatory Framework
- 7.3.7.4. Target Disease Prevalence
- 7.3.7.5. Denmark Microrna (Mirna) Market, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Key Country Dynamics
- 7.3.8.2. Competitive Scenario
- 7.3.8.3. Regulatory Framework
- 7.3.8.4. Target Disease Prevalence
- 7.3.8.5. Sweden MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Key Country Dynamics
- 7.3.9.2. Competitive Scenario
- 7.3.9.3. Regulatory Framework
- 7.3.9.4. Target Disease Prevalence
- 7.3.9.5. Norway MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia-Pacific MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Competitive Scenario
- 7.4.2.3. Regulatory Framework
- 7.4.2.4. Target Disease Prevalence
- 7.4.2.5. Japan MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Competitive Scenario
- 7.4.3.3. Regulatory Framework
- 7.4.3.4. Target Disease Prevalence
- 7.4.3.5. China MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Competitive Scenario
- 7.4.4.3. Regulatory Framework
- 7.4.4.4. Target Disease Prevalence
- 7.4.4.5. India MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Competitive Scenario
- 7.4.5.3. Regulatory Framework
- 7.4.5.4. Target Disease Prevalence
- 7.4.5.5. South Korea MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4.6. Thailand
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Competitive Scenario
- 7.4.6.3. Regulatory Framework
- 7.4.6.4. Target Disease Prevalence
- 7.4.6.5. Thailand MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.4.7. Australia
- 7.4.7.1. Key Country Dynamics
- 7.4.7.2. Competitive Scenario
- 7.4.7.3. Regulatory Framework
- 7.4.7.4. Target Disease Prevalence
- 7.4.7.5. Australia MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Competitive Scenario
- 7.5.2.3. Regulatory Framework
- 7.5.2.4. Target Disease Prevalence
- 7.5.2.5. Brazil MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Competitive Scenario
- 7.5.3.3. Regulatory Framework
- 7.5.3.4. Target Disease Prevalence
- 7.5.3.5. Mexico MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Competitive Scenario
- 7.5.4.3. Regulatory Framework
- 7.5.4.4. Target Disease Prevalence
- 7.5.4.5. Argentina MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Competitive Scenario
- 7.6.2.3. Regulatory Framework
- 7.6.2.4. Target Disease Prevalence
- 7.6.2.5. South Africa MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Competitive Scenario
- 7.6.3.3. Regulatory Framework
- 7.6.3.4. Target Disease Prevalence
- 7.6.3.5. Saudi Arabia MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Competitive Scenario
- 7.6.4.3. Regulatory Framework
- 7.6.4.4. Target Disease Prevalence
- 7.6.4.5. UAE MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Competitive Scenario
- 7.6.5.3. Regulatory Framework
- 7.6.5.4. Target Disease Prevalence
- 7.6.5.5. Kuwait MicroRNA (miRNA) Market, 2018 - 2030 (USD Million)
- Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Strategy Mapping
- 8.2.1. Acquisition
- 8.2.2. Product/Service Launch
- 8.2.3. Partnerships/Collaborations
- 8.2.4. Others
- 8.3. Market Position Analysis, 2023
- 8.4. Company Profiles
- 8.4.1. Thermo Fisher Scientififc, Inc
- 8.4.1.1. Company Overview
- 8.4.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. QIAGEN
- 8.4.2.1. Company Overview
- 8.4.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Horizon Discovery Group Co.
- 8.4.3.1. Company Overview
- 8.4.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. NanoString Technologies, Inc
- 8.4.4.1. Company Overview
- 8.4.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Merck KGaA
- 8.4.5.1. Company Overview
- 8.4.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Takara Bio, Inc
- 8.4.6.1. Company Overview
- 8.4.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. LGC Limited
- 8.4.7.1. Company Overview
- 8.4.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. BioGenex
- 8.4.8.1. Company Overview
- 8.4.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. GeneCopoeia, Inc
- 8.4.9.1. Company Overview
- 8.4.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. New England Biolabs
- 8.4.10.1. Company Overview
- 8.4.10.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
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