About Transcriptomics
Huge government spending in healthcare segment will help to boost global transcriptomics market in the forecasted period. Transcriptomics is the study of entire set of RNA transcripts produced by the genome of any organism. Upsurge in advancements in the field of transcriptomics including extensive use of RNA-sequencing. New innovations such as those pertaining to next-generation sequencing (NGS) and RNA interference (RNAi) have birthed as a result of the technological advancements in the international transcriptomics market. With enhanced precision and accuracy, these cutting-edge technologies can be put to use with a view to help researcher’s investigator the transcriptional activity of a vast range of diverse organisms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 13.2% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Transcriptomics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
QIAGEN (Exiqon) (Germany), Thermo Fisher Scientific Inc. (United States), Illumina, Inc. (United States), Agilent Technologies (United States), GE Healthcare Dharmacon Inc. (United States), Bio-Rad Laboratories, Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Merck & Co., Inc. (United States), Fluidigm Corporation (United States) and Promega Corporation. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Transcriptomics market by Type (Microarray, Real-time PCR and Sequencing Technology [Sanger Sequencing, RNA-Sequencing]), Application (Diagnostics & Disease Profiling, Drug Discovery and Others) and Region.
On the basis of geography, the market of Transcriptomics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Product & Services, the sub-segment i.e. Consumables will boost the Transcriptomics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Government Institutes & Academic Centers will boost the Transcriptomics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge in Funding and Grants By Various Private and Government Organizations and Growing Amount of Investments Directed Toward Research and Development Activities In Molecular Genetics
Market Growth Drivers:
Increase in Advancements in the Field Of Transcriptomics Such As Extensive Use of RNA-Sequencing and Increase in Application of Transcriptomics, Which Includes Drug Discovery
Challenges:
Dearth of Trained Professionals
Restraints:
High Cost of Service and Certain Drawbacks of RNA Sequencing
Opportunities:
Increasing Government Spending In Emerging Countries
Market Leaders and their expansionary development strategies
In October 2022, PacBio, a leading developer of high-quality, highly accurate sequencing solutions, has launched of its Multiplexed Arrays Sequencing (MAS-Seq) kit in partnership with the Broad Institute of MIT and Harvard and 10x Genomics, Inc. The kit is a first-of-its-kind kitted solution leveraging 10x Genomics’ Single Cell Gene Expression technology to enable cost-effective long-read single-cell RNA sequencing for a more complete interrogation of the transcriptome.
In March 2024, 10x Genomics, Inc., a leader in single cell and spatial biology, announced the commercial availability of its Visium HD Spatial Gene Expression product. This assay enables researchers to measure the whole transcriptome from FFPE tissue sections at single cell-scale resolution.
Key Target Audience
Government Research Organization, Private Research Organization, Government Regulatory Bodies, Industry Association, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.