The global Transcriptomics Market is anticipated to rise significantly between 2021 and 2031, growing at a compound yearly growth rate (CAGR) of 10.7%, to reach a value of $16,077.8 million. The extraordinary growth can be linked to a number of causes, such as the rising need for personalised treatment, the rising demand for diagnostic tools for inflammatory illnesses like COVID-19, and the sharp decline in sequencing costs. Additionally, the continued introduction of cutting-edge technologies, an increase in research and development (R&D) spending, and the rising use of next-generation sequencing (NGS) and RNA sequencing in the field of transcriptomics are anticipated to fuel market expansion.
A crucial part of understanding gene expression patterns and figuring out disease causes at the molecular level is played by transcriptomics, a subfield of molecular biology. The global market for transcriptomics is set for a phenomenal expansion as demand for personalised treatment keeps rising. Additionally, a sizable market potential for transcriptomics technology has been created by the demand for precise diagnosis tools for inflammatory disorders, such as the continuing COVID-19 pandemic. Researchers and healthcare workers can now access advanced transcriptomics solutions at more accessible prices thanks to the constantly falling cost of sequencing, which is fueling the market's expansion.
With the use of next-generation sequencing and RNA sequencing in transcriptomics research, the market landscape is undergoing a paradigm shift. By providing high throughput and unmatched precision in gene expression profiling, these cutting-edge technologies help researchers better understand diverse diseases and create targeted treatments. Additionally, the ongoing release of novel products on the market and higher R&D spending by significant industry players are anticipated to drive market expansion throughout the course of the forecast year.
The growing demand for personalised medicine, the need for diagnostic tools for inflammatory diseases, the declining costs of sequencing, the expanding use of NGS and RNA sequencing, the continuous improvement of products along with increased R&D investments will all contribute to the global transcriptomics market's significant growth, which is expected to reach $16,077.8 million by 2031. Transcriptomics technologies are expected to progress and become more innovative as the market grows, revolutionising both the discipline of molecular biology and healthcare as a whole.
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Global transcriptomics market will reach $ 16,077.8 million by 2031, growing by 10.7% annually over 2021-2031, driven by the surging demand for personalized medicine, the high demand for diagnostic of inflammatory diseases such as COVID-19, the decrease in the cost of sequencing, the rising application of next-generation sequencing and RNA sequencing in transcriptomics, and the advancement of products launches along with increasing R&D expenditure.
Highlighted with 92 tables and 79 figures, this 175-page report “Global Transcriptomics Market 2021-2031 by Component (Instruments, Consumables, Software, Services), Technology (PCR, Next-Generation Sequencing, Microarray, ISH, Gene Regulation, Others), Application (Drug Discovery and Development, Diagnostics, Single Cell Analysis, Gene Expression, Cell Biology, Others), End User (Academic and Research Institutions, Biotech and Biopharma Companies, CROs, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global transcriptomics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global transcriptomics market in every aspect of the classification from perspectives of Component, Technology, Application, End User, and Region.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Instruments
Consumables
Software
Services
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Polymerase Chain Reaction (PCR)
Next-Generation Sequencing
Microarray
In-Situ Hybridization (ISH)
Gene Regulation Technologies
Other Technologies
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Drug Discovery and Development
Diagnostics
Single Cell Analysis
Gene Expression
Cell Biology
Other Applications
By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Academic and Research Institutions
Biotechnology and Biopharmaceutical Companies
Contract Research Organizations (CROs)
Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Component, Technology and Application over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
10x Genomics
Agilent Technologies, Inc.
ANGLE plc
Becton, Dickinson and Company (BD)
Bio-Rad Laboratories, Inc.
BioSypder, Inc.
Bio-Techne
Cytiva
Hoffmann-La Roche Ltd.
Fluidigm Corporation
GE Healthcare
Illumina, Inc.
Menarini Silicon Biosystems
Merck & Co., Inc.
NanoString
Pacific Biosciences of California, Inc.
PerkinElmer Inc.
Promega Corporation
Qiagen N. V.
Takara Bio Inc.
Thermo Fisher Scientific Inc.
View Report Scope and Latest Developments in the Market: https://www.marketwatch.com/press-release/transcriptomics-market-expecte...
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