Transcriptomics refers to the study of transcriptomes, the entire RNA (Ribonucleic acid) transcript that is present in a specific cell or cell cluster. The aim of transcriptomics is to analyse the journey of DNA to protein, simply referred to as gene expressions. This domain of medical science and biotechnology has been an instrumental part of developing a more refined understanding of gene mutations and genomics. Many government bodies, healthcare organisations, and pharmaceutical market players are increasing their funding in RNA analysis transcriptomics research and development (RD) activities. Cancer treatment research is one of the key focus areas in their efforts. The cumulative force of these factors is expected to aid the long-term growth of the global RNA analysis transcriptomics market.
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High Incidence of Cancers to Create Massive Opportunity for RNA Analysis Transcriptomics Market Players
The alarming increment in the occurrence of cancer has pushed many health professionals and other healthcare industry stakeholders to intervene. Many new therapeutics are being explored to contain this challenge. To this end, the usage of RNA analysis transcriptomics in developing personalised medicine for cancer is expected to grow in the study period. Personalised medicine has exhibited considerable promise and is quickly becoming a mainstream form of treating cancer. It investigates how a specific gene mutation can influence the possibility of developing cancer in an individual. These notable applications in cancer treatment RD are steering the global RNA analysis transcriptomics market to sound maturity.
Burgeoning Demand for Reagents to Facilitate Expansion of Global RNA Analysis Transcriptomics Market
As RNA analysis transcriptomics technologies continually reap significant medical science breakthroughs, their usage in the pharmaceutical and biotech industry is expected to amplify. The soaring demand for reagents and kits, coupled with the widespread usage of media in transcriptomics research is expected to showcase considerable promise in the coming years. High-quality kits and reagents assist in creating reliable and reproducible sequencing results at improved efficiency and affordability. Today, reagents are employed for numerous medicine, commercial applications, and fundamental research. Such positive outcomes are expected to collaborate with paced medical science, biotechnology, and biopharmaceutical RD to sustain this positive growth trajectory of the global RNA analysis transcriptomics market.
Presence of Thriving Healthcare Industry to Establish North America’s Market Leadership
Academic, commercial, and public investments in genomics research and the development of structure-based drug design are growing in North America. Moreover, the region has a robust healthcare industry, a high concentration of key market players, and a stable IT infrastructure. All these factors are collectively cementing North America as the leading contributor to the RNA analysis transcriptomics market in revenue terms. Meanwhile, the regional market in Asia Pacific is also expected to grow at a fast pace owing to thriving regional biotechnology and pharmaceutical industries and progressive healthcare policymaking.
Major Market Players
Some of the leading players in the global RNA analysis transcriptomics market include GenXPro GmbH (Germany), Thermo Fisher Scientific, Inc. (US), Cenix BioScience GmbH (Germany), Merck KGaA (Germany), Lexogen GmbH (Austria), F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), Fluidigm Corporation (US), CD Genomics (US), Sequentia Biotech SL (Spain), Eurofins Scientific (Germany), QIAGEN N.V. (Netherlands), Acobiom (France), bioMérieux SA (France), Illumina, Inc. (US), Promega Corporation (US), Agilent Technologies, Inc. (US), Takara Holdings, Inc. (Japan), Bio-Rad Laboratories, Inc. (US), and LC Sciences LLC (US).
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