Report Ocean presents a comprehensive research report on miRNA Tools and Services, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in miRNA Tools and Services.
The global miRNA tools and services market size was US$ 309.8 million in 2021. The global miRNA tools and services market is projected to grow to US$ 993.1 million by 2030 by registering a compound annual growth rate (CAGR) of 20.3% during the study period from 2022 to 2030.
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The expression of other genes is influenced by the small non-coding gene miRNA or micro-RNA. MiRNAs control apoptosis, inflammation, immunological response, and development and differentiation. A miRNA tool kit provides researchers with practical tools to use when examining this phenomenon at its most fundamental level.
COVID-19 Impact Analysis
The miRNA tools and services market was negatively affected by the COVID-19 pandemic as manufacturing was delayed due to social distancing norms and lockdown restrictions during the initial phase. However, the growth in the infectious virus significantly upsurged the demand for research. Therefore, it substantially increased the use of miRNA tools and services.
Factors Influencing the Market
The rise in cancer cases and the growing prevalence of chronic diseases are the main factors driving the expansion of the miRNA tools and services business. The high cost of medication development as well as the limited number of available therapeutic choices, are additional factors pushing the market share growth for miRNA tools and services, which encourages diagnostic companies to create ground-breaking methods based on miRNAs. Due to the increase in cancer and cardiovascular disease incidence, the market is forecasted to grow significantly. The adoption of cutting-edge technology (like NGS) and bioinformatics is growing steadily in the healthcare sector. However, it is anticipated that the difficulties with quantification and the creation of in-house microarrays for miRNA research will restrain market expansion.
Technology advancements are expected to bring attractive prospects for the global miRNA tools and services market. In recent years, technological advancements in the crucial stages of miRNA expression profiling, target gene identification, and validation have provided manufacturers and researchers with the motivation to provide novel solutions.
HTG Molecular Diagnostics Inc., for example, launched a comprehensive panel for miRNA expression analysis, the HTG EdgeSeq mouse miRNA whole transcriptome test, in August 2018, for use in preclinical functional investigations and translational medicine. Thus, such advancements are growing funding in R&D will contribute to the growth of the miRNA tools and services market during the study period.
Regional Analysis
North America is projected to record potential growth during the forecast period. It is owing to the growing geriatric population and rising cases of cancer. The Asia-Pacific miRNA tools and services market is anticipated to rise significantly due to the increasing incidence of chronic disorders and the growing range of research undertaken to explore the role of microRNAs.
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Competitors in the Market
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
Other Prominent Players
Market Segmentation
The global miRNA tools and services market segmentation focuses on Product and Services, Technology, End User, and Region.
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
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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