The global microRNA market size is expected to showcase exponential growth by reaching USD 613.2 million by 2027 while exhibiting a CAGR of 13.4% between 2020 and 2027. This growth is attributable to the increasing prevalence of chronic diseases such as Cancer and the growing focus on adoption of advanced technology in microRNA research across the globe. This information is published by Fortune Business Insights in its latest report, titled, “MicroRNA Market Size, Share & Covid-19 Impact Analysis, By Product (Instruments and Kits & Reagents) By Application (Isolation & Purification, Detection & Quantification, Disease Diagnostics, and Others) and By End User (Pharma & Biotech Companies, Academic & Research Institutes, Healthcare Facilities, and Others), 2020-2027.” The report further mentions that the market stood at USD 215.4 million in 2019.
Leading Players operating in the MicroRNA Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- QIAGEN N.V. (Hilden, Germany)
- Thermo Fisher Scientific (Waltham, U.S.)
- BioVendor (Brno, Czech Republic)
- Takara Bio Inc. (Shiga, Japan)
- Merck KGaA (Darmstadt, Germany)
- NanoString Technologies, Inc. (Washington, U.S.)
- Heim Biotek (Seongnam, South Korea)
- GeneCopoeia, Inc. (Maryland, U.S.)
- Takara Bio Inc. (Shiga, Japan)
- Other Prominent Players
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North America to Remain Dominant; Increasing Number of Clinical Trials to Accelerate Growth
Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global miRNA market in the forthcoming years. This is attributable to the increasing microRNA clinical trials to develop advanced diagnostic solutions in countries such as the U.S. North America stood at USD 97.4 million in 2019.
On the other hand, Europe is expected to hold the second position in the market in the forthcoming years. This is ascribable to factors such as growing government funding for the startups for R&D activities to develop novel microRNA-based therapies and gain valuable insights in the molecular diagnostics in the region.
What does the Report Provide?
The market report provides a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market. Moreover, the research analyst has adopted several research methodologies such as Porter’s Five Forces analysis to extract information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
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Increasing Prevalence of Chronic Diseases Worldwide to Feed Market Growth
According to the American Cancer Society, in 2020, it is estimated that around 1.8 million people were diagnosed with cancer and over 606,520 cancer deaths were reported in the United States. The increasing prevalence of chronic disease is likely to propel the demand for microRNA-based treatment solutions across the globe. The miRNAs perform a pivotal role in tumorigenesis due to them being vital modulators in cellular pathways as they regulate target gene expression through mRNA degradation. Additionally, they act as important therapeutic targets and prognostic biomarkers in treating cancer. The growing incorporation of advanced technology to develop effective therapies is further expected to boost the global microRNA market growth during the forecast period.
Reasons to Purchase this Report:
- Comprehensive analysis of the MicroRNA Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
- What are the key technological and MicroRNA Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the MicroRNA Market growth?
Detailed TOC:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- 1 Overview of Clinical Trials – Key Candidates, Key Companies
- 1.1 Clinical Trials: Potential Candidates, miRNA’s as Therapeutic Agents
- 1.2 Clinical Trials: Potential Candidates, miRNA’s as Biomarkers & Diagnostics
- 2 Regulatory Scenario – miRNA Diagnostic & Therapeutic Products
- 3 Impact of Covid-19 on the Market
- 4 Key Developments, Mergers, Acquisitions, etc.
- 1 Overview of Clinical Trials – Key Candidates, Key Companies
- Global MicroRNA Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- 2.1 Instruments
- 2.2 Kits & Reagents
- Market Analysis, Insights and Forecast – By Application
- 3.1 Isolation & Purification
- 3.2 Detection & Quantification
- 3.3 Disease Diagnostics
- 3.4 Others
- Market Analysis, Insights and Forecast – By End User
- 4.1 Pharma & Biotech Companies
- 4.2 Academic & Research Institutes
- 4.3 Healthcare Facilities
- 4.4 Others
- Market Analysis, Insights and Forecast – By Region
- 5.1 North America
- 5.2 Europe
- 5.3 Asia Pacific
- 5.4 Rest of the World
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