The Global Transcriptomics Market Is Projected to Grow at A Compound Annual Growth Rate (CAGR) Of 7.0% Through 2030

Allied Market Research recently said Transcriptomics is the study of the transcriptome, which refers to the complete set of RNA molecules that are transcribed from the DNA of an organism. It is a field of molecular biology that focuses on the analysis of the expression, processing, and regulation of RNA molecules in cells, tissues, and organisms. The transcriptomics market size was valued at $5,790.51 million in 2020, and is estimated to reach $11,397.08 million by 2030, growing at a CAGR of 7.0% from 2021 to 2030.

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COVID-19 Impact Analysis (Pre & Post) -

• The Covid-19 pandemic had a positive impact on the market due to increase in production of vaccines and rise in investment to study immune response in Covid-19 infected patients.
• Increase in number of product approvals and new innovations by key players supplemented the market growth yet more.

Transcriptomics involves the use of high-throughput technologies such as microarrays and RNA sequencing to identify and quantify the full set of RNA transcripts present in a sample. By analyzing the transcriptome, researchers can gain insights into the gene expression patterns and regulatory mechanisms that underlie biological processes such as development, disease, and response to environmental stimuli.

Transcriptomics has broad applications in many areas of biology and medicine, including genetics, cancer research, infectious diseases, and drug discovery. It can also be used to identify biomarkers for disease diagnosis and to predict the efficacy of different treatments.

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Important Key Market Players Are -

• Agilent Technologies Inc,
• Bio-Rad Laboratories,
• F-Hoffmann La-Roche,
• Fluidigm Corporation,
• General Electric Company,
• Illuminia Inc.,
• Merck & Co. Inc,
• Promega Corporation,
• QiagenInc, and
• ThermoFisherScientific.

The market gains interest of healthcare companies, owing to focus on preventive facilities provided to patients for diagnosis of various diseases. This leads to increase in utilization for transcriptomics instruments; thus, is a great opportunity that further propels growth of the market.

Key Findings of The Study -

• By type, the consumables segment was the highest contributor to the market in 2020.
• By technology, the q PCR segment was the highest contributor to the market in 2020.
• On the basis ofapplication type, the drug discovery segment dominated the market in 2020, and is expected to continue this trend during the forecast period.

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Geographic Segments Covered in the Report -

The Transcriptomics Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

Frequently Asked Questions?

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