Press release
MicroRNA Market Expansion Continues, with Forecast Valuation of $2.95 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.MicroRNA Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The domain of microrna experienced substantial recent expansion, projected to increase its valuation from $1.33 billion in 2024 to $1.57 billion the following year, reflecting an 18.6% compound annual growth rate (CAGR); this past surge in market size is largely credited to several key developments, including the identification of microRNAs, advancements in RNA interference (RNAi) technology, the execution of genome sequencing initiatives, progress in computational biology and bioinformatics, and ongoing investigations into extracellular vehicles (EVs).
MicroRNA Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation surrounds the microrna market, projecting substantial expansion over the forthcoming period, achieving a valuation of $2.95 billion by 2029, supported by a compound annual growth rate (CAGR) reaching 17.0%; this upward trajectory is fundamentally driven by advancements in clinical application, the evolution of regulatory structures and systems biology understanding, the development of microRNA-based treatments, recognition of its therapeutic capabilities, and its utility in identifying biomarkers, while key developments shaping this era encompass technological progress, sophisticated bioinformatics and data interpretation, exploration of inter-species conservation patterns, interactions within the microbiome, and deeper insights into functional mechanisms.
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What Are the Drivers Transforming the MicroRNA Market?
The escalating incidence of cancer is anticipated to be a key accelerator for the future expansion of the microRNA market. This multifaceted illness, defined by aberrant cellular multiplication and expansion resulting in invasive malignant growths that can metastasize, presents substantial public health challenges. This rise in cancer numbers stems from several contributors, such as an aging global demographic, detrimental lifestyle habits like tobacco use and inadequate nutrition, exposure to environmental toxins, and enhancements in diagnostic capabilities leading to earlier identification. MicroRNAs are being integrated with established cancer treatments with the aim of boosting medication efficacy and refining patient results. Furthermore, beyond therapeutic uses, these small RNA molecules function as crucial indicators for both diagnosing the disease and predicting its course, aiding in cancer classification, foretelling how the illness will advance, and tracking how well therapies are working. To illustrate the scale, data from the US government's National Cancer Institute in May 2024 showed that in 2022 alone, there were approximately 20 million new diagnoses and 9.7 million fatalities linked to cancer annually, with forecasts suggesting these figures could climb to 29.9 million new cases and 15.3 million deaths yearly by the year 2040. Consequently, the expanding worldwide burden of cancer serves as a significant impetus for the microRNA market's growth trajectory.
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What Long-Term Trends Will Define the Future of the MicroRNA Market?
Key players within the microRNA market are directing their efforts toward innovating sophisticated offerings, exemplified by MiRNA probe customization services, with the goal of precisely addressing the distinct requirements of both researchers and medical practitioners, thereby boosting the precision of miRNA identification and supporting numerous downstream uses. These specialized customization services involve biotechnology firms and molecular biology enterprises meticulously engineering and manufacturing tailored probes specific to individual microRNAs (miRNAs) intended for a spectrum of investigative and clinical purposes. As an illustration of this progress, in the month of September 2023, Abnova Corporation, a biotechnology firm headquartered in Taiwan, rolled out improved capabilities for tailoring miRNA probes, concurrently introducing a fresh selection of pre-designed cataloged miRNA probes to satisfy the varied demands of academic institutions, commercial sectors, and research groups involved in the study of miRNAs. Such probes are fundamentally important for accurately pinpointing and physically locating miRNAs, which are tiny, regulatory RNA molecules that do not code for protein but are essential for numerous physiological functions. Abnova's bespoke customization options guarantee superior selectivity and negligible unwanted reaction with other molecules, rendering them exceptionally appropriate for scrutinizing samples known to contain only small quantities of miRNA.
Which Segments in the MicroRNA Market Offer the Most Profit Potential?
The micrornamarket covered in this report is segmented -
1) By Products: Instruments; Consumables
2) By Assay Type: Immunoassay; Next Generation Sequencing; miRNA Arrays; Polymerase Chain Reaction (PCR) Based Arrays
3) By Application: Cancer; Infectious Diseases; Immunological Disorder; Cardiovascular Disease; Neurological Disease; Other Applications
4) By End User: Academic And Research Institutes; Biopharmaceutical Companies; Diagnostic Centers; Clinical Research Organizations
Subsegments:
1) By Instruments: Qpcr Systems (Quantitative Pcr); Microarray Platforms; Next-Generation Sequencing (Ngs) Systems; Real-Time Pcr Instruments; Microrna Analyzers
2) By Consumables: Microrna Kits ( Extraction Kits, Detection Kits); Pcr Reagents; Primers And Probes; Microarrays And Chips; Rna Sequencing Kits
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Which Firms Dominate the MicroRNA Market by Market Share and Revenue in 2025?
Major companies operating in the MicroRNA market are Thermo Fisher Scientific Inc., Merck KGaA, Agilent Technologies Inc., Kaneka Corporation, Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Miltenyi Biotec, LGC Limited, Promega Corporation, Abcam plc, Integrated DNA Technologies Inc., NanoString Technologies Inc., Biodynamics Laboratory Inc., Horizon Discovery Ltd., OriGene Technologies Inc., Biogenex Laboratories, Omega Bio-Tek, New England Biolabs, Quantabio, SeqMatic LLC, GeneCopoeia Inc., HTG Molecular Diagnostics Inc., Synlogic Inc., Sistemic Scotland Limited
Which Regions Offer the Highest Growth Potential in the MicroRNA Market?
North America was the largest region in the microRNA market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the MicroRNA market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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