MicroRNA Market To Witness the Highest Growth Globally in Coming Years 2021-2027

Precision Business Insights published a research report on “MicroRNA Market By Type (MicroRNA Arrays, Next Gen Sequencing, Immunoassay, PCR-Based Assay) By Application (Research and development, Clinical diagnostics) By End-user (Research and Academic Institutes, Biopharmaceutical Companies, Diagnostic Centers ), By Geography - Global/Region/Country Forecast to 2027"

MicroRNA (miRNA) is a single-stranded RNA molecule that may be found in animals, plants, and viruses. Two of the most important functions of miRNAs are post-transcriptional control of gene expression and RNA silencing. MiRNAs work in tandem with messenger RNA (mRNA) to suppress gene expression and control a variety of biological activities including cell differentiation, proliferation, and death. They are involved in cell physiology and development, as well as pathological processes such as viral infections, autoimmune disorders, and carcinogenesis, in addition to detecting distinct cell types. MiRNAs may be found in great quantities in a variety of mammalian cell types. MicroRNA sequencing is an RNA sequencing technique that uses next-generation DNA sequencing technology to investigate miRNA isoforms, tissue-specific expression patterns, and illness correlations.

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The market for microRNA is being driven by biopharmaceutical firms' increased interest in finding novel therapeutic compounds that can serve as new medications. Several miRNA-based possibilities, such as anti-miR drugs and specialized inhibitors for miRNAs, are being tested in clinical trials as potential therapeutic treatments. As a result, RNA therapeutics is seen as a hot investment sector that will result in the production of valuable medications. The market is being driven by the increasing use of microRNA as a biomarker. When compared to traditional methodologies, miRNA biomarkers are of particular interest in genome-wide investigations and data-driven methodology since they display excellent repeatability and resilience. As a result, they are intriguing candidates for biomarker development. Furthermore, the growing popularity of liquid biopsies has increased the relevance of miRNAs in biomarker discovery and development. Furthermore, technical advancements aimed at enhancing the sensitivity and selectivity of miRNA detection are boosting the market for microRNA.

MicroRNA (miRNA) market is categorized on the basis of research tool, application and end-use. On the basis research tool, microRNA (miRNA) market is bifurcated into products and services. On the basis of application, the microRNA (miRNA) market is categorized into infectious diseases, cancer, immunological disorder, neurological diseases, cardiovascular diseases, and other. In terms of end-use, the microRNA (miRNA) market is divided into academic and government research institutes, biotechnology and pharmaceutical companies, and others.

North America dominated the microRNA (miRNA) market in 2020, accounting for 45.7 percent of total revenue; the region's growth can be attributed to several factors, including the presence of key players, extensive R&D activities, and established research infrastructure for proteomics, genomics, and oncology. From 2021 to 2028, the market for microRNA in Asia Pacific is expected to grow at the fastest rate of 20.5 percent. The quick advancement in genomic studies and the adoption of new technologies for supporting research activities are majorly responsible for the market's rise in the area.

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There are some major players working in microRNA market, which include Thermo Fisher Scientific Inc.(U.S.) QIAGEN (Exiqon) (Germany) Illumina, Inc. (U.S.) GE Healthcare (UK) Agilent Technologies (U.S.) GeneCopoeia, Inc. (U.S.) Bio-Rad Laboratories, Inc. (U.S.) Promega Corporation (U.S.) Merck & Co., Inc.(U.S.)

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