According to a report by TechSci Research, titled "Transcriptomics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F," the global transcriptomics market is poised for substantial growth within the forecast period of 2024-2028. This projection is attributed to the escalating demand for personalized medicine aimed at treating specific diseases on a global scale. Moreover, the upward trajectory is fueled by increasing investment in research and development, particularly in North American and European developed countries, coupled with heightened support from government organizations. The market's potential is further amplified by the focus on biomarker discovery, the application of toxic genomics, and the surge in RNA sequencing usage for novel drug development. This growth is also driven by the expansion of major players worldwide, fortifying the transcriptomics market.
However, the growth of the global transcriptomics market in the forecast period faces hurdles. The lack of efficient data analysis tools and the complexity introduced by technological advancements during transcript analysis are anticipated to have negative repercussions. These challenges, along with a shortage of skilled professionals in emerging economies, could curtail the market's expansion. Additionally, high capital investment requisites and data management issues might hinder growth.
The global transcriptomics market can be classified based on components, technology, application, end-user, and region. Components encompass Instruments, Consumables, and Software & Services. The Consumables segment's dominance, observed in 2022, is projected to persist due to heightened research and development in the pharmaceutical sector, accompanied by growing clinical laboratories.
In the technology domain, segmentation includes Next Generation Sequencing, Polymerase Chain Reaction, Microarray, In-Situ Hybridization, and Others. The PCR segment is poised to lead the market during the forecast period, attributed to the rising prevalence of COVID-19, increased genetic testing, and growing demand for transcriptomics in drug delivery. Furthermore, the shift toward new therapeutics compared to conventional RNA sequencing methods for chronic disease treatment will bolster growth.
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Major companies operating in the global transcriptomics market are:
- Agilent Technologies, Inc.
- ANGLE plc.
- Bio-Rad Laboratories, Inc.
- Becton, Dickinson, and Company
- Fluidigm Corporation
- BioSypder, Inc.
- Danaher Corporation (Cytiva)
- 10x Genomics, Inc.
- Pacific Biosciences of California, Inc.
- NanoString Technologies, Inc.
In February 2022, Moderna and Thermo Fisher Scientific Announced a Long-Term Strategic Collaboration.
In April 2022, Scitara announced a collaboration with PerkinElmer Informatics to create a new model of the modern lab.
In May 2022, ResolveOME's Early Access Program (EAP) was introduced by BioSkryb Genomics. The entire genome and full-length mRNA transcripts of the entire transcriptome are amplified from the same cell using this integrated, single-cell approach.
Customers can also request for 10% free customization on this report.
“North America is expected to dominate in the global transcriptomics market, due to the increasing demand for different types of chronic diseases such as obesity, hepatitis B, and cancer among the population across the region. Similarly, the growth in demand for faster testing for genetic testing and research will enhance the demand for transcriptomics which will boost the market during the forecast period. Furthermore, increasing number of key players in the market along with growing development in the healthcare sector, complemented by increasing investment by major key players to produce novel drugs, are further contributing to the demand for transcriptomics. Besides, increasing favorable government reimbursement policies, growing demand for new transcriptomics, and growing awareness about the usage and benefits of transcriptomics in the region, are further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Transcriptomics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Instruments, Consumables, Software & Services), By Technology (Next Generation Sequencing, Polymerase Chain Reaction, Microarray, In-Situ Hybridization, Others), By Application (Drug Discovery & Development, Cell Biology, Single Cell Analysis, Gene Expression, Others), By End User (Biotechnology & Pharmaceutical Companies, Academic & Research Institutions, Others), By Region and Competition”, has evaluated the future growth potential of global transcriptomics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global transcriptomics market.
Our Free Sample Report Consists of the Following:
- Comprehensive analysis of the global transcriptomics market trends and projections.
- Detailed insights into the factors driving and inhibiting market growth.
- In-depth examination of market segmentation by component, technology, application, end-user, and region.
Key questions answered in this Report:
- What are the primary factors driving the growth of the global transcriptomics market?
- What challenges might hinder market expansion during the forecast period?
- Which technology segments are expected to dominate the market, and why?
- How is the competitive landscape evolving, and who are the key players in the market?
- What are the emerging opportunities that market players can capitalize on in the coming years?
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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