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Rising Demand For Personalized Medicine Drives Rna Analysis Market Growth: Pivotal Factor Influencing RNA Analysis/ Transcriptomics Market Growth in 2025
RNA Analysis/ Transcriptomics
RNA Analysis/ Transcriptomics Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a notable expansion in the size of the rna analysis/ transcriptomics market. This market is projected to increase from $7.72 billion in 2024 to $8.74 billion the following year, with a compound annual growth rate (CAGR) of 13.3%. The significant growth observed in the historical phase is largely due to factors like cancer research, precision medicine, the development and discovery of drugs, diagnoses of infectious diseases, personalized medical treatment, financial support from academia and government, and a rising number of applications in the field of agriculture.
How Will the RNA Analysis/ Transcriptomics Market Size Evolve and Grow by 2029?
The market size for rna analysis/ transcriptomics is predicted to surge significantly over the coming years. It is anticipated to reach a value of $16.31 billion by 2029, expanding at a compound annual growth rate of 16.9%. The expected growth during the forecast period may be a result of various factors such as the application of single-cell rna sequencing, the use of rna analysis in clinical diagnostics, rna-based medicines and vaccines, bioinformatics and tools for data analysis, and the detection and confirmation of biomarkers. Upcoming trends for the forecast period encompass spatial transcriptomics and in-situ rna analysis, long-read rna sequencing technologies, rna adjustment and modification analysis, the use of artificial intelligence in rna data evaluation, therapies based on rna for rare diseases, and rna-based liquid biopsy for the detection of cancer.
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What Drivers Are Propelling the Growth of RNA Analysis/ Transcriptomics Market Forward?
Escalating requirements for individualized healthcare treatments are projected to fuel the expansion of the RNA analysis/transcriptomics sector in the forthcoming period. Individualized medicine pertains to tailoring healthcare actions to the distinct features of a patient. Presuming researchers are capable of establishing the requisite procedures and strategies for personalized clinical attention, RNA-Seq is equipped aptly to manage the enormous clinical tasks. For instance, in October 2022, the Personalized Medicine Coalition (PMC), an American organization dedicated to the promotion of comprehension and acceptance of personalized healthcare, anticipated over 75,000 genetic testing kits and 300 personalized medications for individuals suffering from a multitude of cancer types, rare genetic diseases, and a series of chronic and infectious ailments to be present in the medical markets. Therefore, the burgeoning need for personalized medications spurs on the progression of the RNA analysis market.
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Which Fast-Growing Trends Are Poised to Disrupt the RNA Analysis/ Transcriptomics Market?
New developments and breakthroughs in RNA analysis technology are a rising trend in the RNA analysis/transcriptomics market. Innovations like next-generation sequencing (NGS) and RNA interference (RNAi) have enhanced precision and accuracy, assisting researchers in the examination of transcriptional activity. For example, Illumina's next-generation sequencing is effectively used to fragment DNA/RNA into numerous components, attach adapters, sequence libraries, and reassemble them to create a genomic sequence.
What Are the Key Segments in the RNA Analysis/ Transcriptomics Market?
The rna analysis/ transcriptomics market covered in this report is segmented -
1) By Product: Reagents/Consumables, Instruments, Software
2) By Technology, Microarrays, Sequencing, Polymerase Chain Reaction RNA Interference
3) By Application: Clinical Diagnostics, Drug Discovery, Toxicogenomics, Comparative Transcriptomics, RNA Interference
Subsegments:
1) By Reagents/Consumables: Nucleotides, Enzymes, Buffers and Solutions, Sample Preparation Kits, Sequencing Kits
2) By Instruments: Sequencers, Real-Time PCR Machines, Microarrays, Electrophoresis Systems, Robotic Liquid Handlers
3) By Software: Data Analysis Software, Bioinformatics Tools, Statistical Analysis Software, Visualization Software, Database Management Systems
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Who Are the Key Players Shaping the RNA Analysis/ Transcriptomics Market's Competitive Landscape?
Major companies operating in the RNA analysis/ transcriptomics market include Affymetrix Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., GE Healthcare, Illumina Inc., QIAGEN N.V., F. Hoffmann-La Roche Ltd., Sigma-Aldrich Corporation, Thermo Fisher Scientific Inc., Fluidigm Corporation, Promega Corporation, bioMérieux S.A., CD Genomics Inc., Eurofins Scientific SE, Merck KGaA, Pacific Biosciences of California Inc., Danaher Corporation, Genewiz Inc., Oxford Nanopore Technologies Ltd., BGI Group, Genotypic Technology Pvt. Ltd., MedGenome Labs Pvt. Ltd., Xcelris Labs Ltd., Ocimum Biosolutions Ltd., Strand Life Sciences Pvt. Ltd., SciGenom Labs Pvt. Ltd., Oncocyte Corporation, Tempus Labs Inc., ArcherDX Inc., HTG Molecular Diagnostics Inc.
What Geographic Markets Are Powering Growth in the RNA Analysis/ Transcriptomics Market?
North America was the largest region in the RNA analysis/transcriptomics market in 2024. This region is expected to be the fastest-growing region in the forecast period. The regions covered in the RNA analysis/ transcriptomics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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