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Transcriptomics Technologies Market Size Is Projected to Grow at a CAGR of 16.4% By 2027 | Says, Coherent Market Insights

July 21st, 2020 Coherent Market Insights Releases

Transcriptomics refers to the study of structures and functions of transcript molecules. The central dogma process provides information about the flow of genetic material present in a biological system. Analysis of transcriptomes is much more complex than the genome, as a single gene may produce different types of mRNA molecules.

Statistics:

The global transcriptomics technologies market is estimated to account for US$ 15,569.1 Mn in terms of value by the end of 2027.

To know about the assumptions considered for the study, Request Sample Pages: https://www.coherentmarketinsights.com/insight/request-sample/3989

Global Transcriptomics Technologies Market: Drivers

Increasing R&D investments is expected to propel growth of the global transcriptomics technologies market over the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe invested US$ 19, 509 million in 2000, which increased to US$ 39,895 million (est.) in 2018.

Global Transcriptomics Technologies Market: Opportunities

Increasing prevalence of cardiovascular diseases is expected to offer lucrative growth opportunities for players in the global transcriptomics technologies market. For instance, according to American Heart Association 2019 Heart Disease and Stroke Statistics, cardiovascular disease was responsible for 840,768 deaths (635,260 cardiac) in 2016 in the U.S.

Global Transcriptomics Technologies Market: Restraints

RNA degradation is expected to hinder growth of the market. RNA degradation can severely damage the potential of sequenced data to accurately represent in vivo gene expression as the effects of degradation may not be uniform.

Got any Query? Feel free to ask us at: https://www.coherentmarketinsights.com/insight/talk-to-analyst/3989

Key Takeaways:

The global transcriptomics technologies market was valued at US$ 4,625.8 Mn in 2019 and is forecast to reach a value of US$ 15,569.1 Mn by 2027 at a CAGR of 16.4% between 2020 and 2027. Increasing prevalence of chronic diseases is expected to drive the market growth during the forecast period.

Drug Discovery & Research segment held dominant position in the global transcriptomics technologies market in 2019, accounting for 34.7% share in terms of value, followed by Bioinformatics, respectively. Increasing research and development for new drug development is expected to assist the market growth.

Market Trends

Major players in the market are focused on adopting various strategies to enhance their market share. For instance, June 2019, Bio-Rad Laboratories, Inc. participated in Jefferies 2019 Global Healthcare Conference, held in New York, U.S.

Browse Press Release: https://www.coherentmarketinsights.com/press-release/transcriptomics-technologies-market-3257

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2018, Agilent Technologies Inc. acquired ACEA Biosciences Inc., a developer of cutting-edge cell analysis tools, for US$ 250 million in cash.

Global Transcriptomics Technologies Market: Competitive Landscape   

Major players operating in the global transcriptomics technologies market include, Affymetrix, Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Illumina, Inc., F. Hoffmann-La Roche Ltd., Life Technologies Corporation, LC Sciences, LLC, and Qiagen N.V.

Global Transcriptomics Technologies Market: Key Developments

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in March 2020, Thermo Fisher Scientific Inc. announced to acquire QIAGEN N.V., a provider of molecular diagnostics and sample preparation technologies.

Major players in the market are also focused on approval and launch of new products to expand their product portfolio. For instance, in March 2019, F. Hoffmann-La Roche Ltd. received the U.S. Food and Drug Administration (FDA) approval of the VENTANA PD-L1 (SP142) Assay, as the first companion diagnostic to aid in identifying triple-negative breast cancer (TNBC) patients eligible for treatment with the Roche cancer immunotherapy Tecentriq (atezolizumab) plus chemotherapy.

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Segmentation

Scope of the report

  • Global Transcriptomics Technologies Market, By Technology:
    • Microarrays
    • PCR
    • Gene Regulation Technologies
    • Next Generation Sequencing
  • Global Transcriptomics Technologies Market, By Application:
    • Clinical Diagnostics
    • Drug Discovery & Research
    • Bioinformatics
    • Comparative Transcriptomics
  • Global Transcriptomics Technologies Market, By Region:
    • North America
      • By Technology:
        • Microarrays
        • PCR
        • Gene Regulation Technologies
        • Next Generation Sequencing
      • By Application
        • Clinical Diagnostics
        • Drug Discovery & Research
        • Bioinformatics
        • Comparative Transcriptomics
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Technology:
      • By Application
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Technology:
      • By Application
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Technology:
      • By Application
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Technology:
      • By Application
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Technology:
      • By Application
      • By Country
        • North Africa
        • Central Africa
        • South Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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