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(Medical-NewsWire.com, November 02, 2018 ) Overview:
There is a rising demand for personalized medicines and continuous enhancements in healthcare infrastructures which is resulting from the growth of drug discovery and research. This has given a thrust to the demand for transcriptomic technologies which are extensively used for the drug discovery and life science research. Moreover, the rising number of pharmaceutical and biotechnology industries in the Asia-Pacific region has opened new growth avenues for transcriptomics in emerging markets.
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Market views:
Globally RNA Analysis market range is around USD 2.45 Billion in 2018. It is estimated to grow at a CAGR of 13.9% to increase approximately up to USD 4.7 Billion by 2023.
Drivers and restraints:
Drivers which are boosting the market are increasing technological advancements, rising investment in research and progress by biotechnology and pharmaceutical companies, rising government and private funding, and rising preference for personalized medicines.
The restraining factors of the market are lack of skilled professionals in the transcriptomics field and lack of proficient bioinformatics and data analyzing tools to analyse massive data generated from the high-throughput sequencing technologies expected to limit the growth of this market to a certain extent.
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Partition of the Market:
RNA Analysis Market partitioned with respect to end user, type and application. With respect to end user the market is sectioned into Academic Research & Government Institutes, Pharmaceutical & Biotechnology Companies, and Hospitals & Diagnostic Centres. With respect to type, the market is sectioned into Microarrays, Polymerase Chain Reaction (PCR), Sequencing Technologies, and RNAi Gene Silencing. Microarrays are further sub-divided into Reagents, Instruments and Software. Polymerase Chain Reaction (PCR) is further sub-divided into Reagents, Instruments and Software. Sequencing Technologies are further sub-divided into Sanger Sequencing (Reagents, Instruments and Software), and Next Generation Sequencing (NGS) (Reagents, Instruments and Software). RNAi Gene Silencing is further sub-divided into Reagents, Instruments and Software. With respect to the application, the market is sectioned into Clinical Diagnosis, Drug Discovery, and Toxic genomics.
Geographically the market is sectioned into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America leads the market. But still, in the forecast period, emerging economies like Asia-Pacific (Japan, China, and India) and Latin America are likely to form new revenue-generating pockets for the market players. Economic growths and rising government funding to support new product developments are the chief factors boosting the growth of the market in these regions.
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Key players of the market:
Prominent players in market Illumina Inc. (U.S.), Qiagen N.V. (Germany), Affymetrix Inc. (U.S.), Agilent Technologies Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Sigma Aldrich (U.S.), Fluidigm Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), GE Healthcare (U.S.), and Thermofisher Scientific Inc. (U.S.).
The scope of the Report:
The report offers an extensive examination of the business by giving the estimations of market potential and gauges with most extreme granularity. Along with this, the variables persuasive in affecting the market flow and patterns are examined in detail at the item level. Further, the execution of the market at the territorial and national level is evaluated and the prospects with high development potential are distinguished and discussed.
The key players in the business are profiled giving bits of knowledge on their money-related execution, advertise position and development techniques. Similar investigation on prime strategical exercises of the market players depicting the key advancements like mergers and acquisitions, coordinated efforts and an assessment of the focused condition inside the business are given. The report additionally offers an expansive standpoint of the market alongside proposals from industry specialists on the open doors for speculation action.
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