Transcriptomics Technologies Market Size 2021 Emerging Trends, Growing At a CAGR of 16.3%, Development Status, Future Demands, Market Potential, Regional Overview and SWOT Analysis till 2027
SEATTLE, May 04, 2021, (PHARMIWEB) —
The study of the shapes and roles of transcript molecules is known as transcriptomics. The fundamental dogma method includes data on the flow of genetic knowledge in a biological environment. Transcriptome analysis is more complicated than genome analysis since a single gene will generate many forms of mRNA molecules.
The global transcriptomics technologies market is expected to account around US$ 15,569.1 Mn in terms of value by the end of 2027.
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Rising research and development investments is expected to drive growth of the global transcriptomics technologies market during the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe invested US$ 19,509 million in 2000, which increased to US$ 39,895 million (est.) in 2018.
Rising incidences of cardiovascular diseases is expected to pose growth opportunities for major players in the global transcriptomics technologies market. For instance, according to American Heart Association 2019 Heart Disease and Stroke Statistics, cardiovascular disease was responsible for 840,768 deaths (635,260 cardiac) in 2016 in the U.S.
RNA depletion is expected to hamper growth of the global transcriptomics technologies market over the forecast period. Since the results of RNA degradation are not always consistent, sequenced data’s ability to accurately portray in vivo gene expression is significantly harmed.
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Key players are concentrating on a number of approaches to expand their market share in the global transcriptomics technologies market. For instance, June 2019, Bio-Rad Laboratories, Inc. participated in Jefferies 2019 Global Healthcare Conference, held in New York, U.S.
The market’s major players are also focusing on merger & acquisitions approaches to broaden their product range. For instance, in November 2018, Agilent Technologies Inc. acquired ACEA Biosciences Inc., a developer of cutting-edge cell analysis tools, for US$ 250 million in cash.
Key players operating in the global transcriptomics technologies market such as, Agilent Technologies, Inc., Affymetrix, Inc., Inc., Danaher Corporation, Bio-Rad Laboratories, F. Hoffmann-La Roche Ltd., Illumina, Inc., Life Technologies Corporation, LLC, Qiagen N.V. and LC Sciences.
Market: Key Developments
The market’s major players are also focusing on merger & acquisitions approaches to broaden their product range. For instance, in March 2020, Thermo Fisher Scientific Inc. announced to acquire QIAGEN N.V., a provider of molecular diagnostics and sample preparation technologies.
Key market players are now focusing on the acceptance and launching of new products in order to broaden their product range. For instance, in March 2019, F. Hoffmann-La Roche Ltd. received the U.S. Food and Drug Administration (FDA) approval of the VENTANA PD-L1 (SP142) Assay, as the first companion diagnostic to aid in identifying triple-negative breast cancer (TNBC) patient’s eligible for treatment with the Roche cancer immunotherapy Tecentriq (atezolizumab) plus chemotherapy.
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Global Transcriptomics Technologies Market, By Technology:
- Gene Regulation Technologies
- Next Generation Sequencing
Global Transcriptomics Technologies Market, By Application:
- Clinical Diagnostics
- Drug Discovery & Research
- Comparative Transcriptomics
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