microRNA Reverse Transcription Market to Observe Utmost CAGR of 16.4% by 2029

PRESS RELEASE
Published July 20, 2023

microRNA Reverse Transcription MarketGlobal microRNA Reverse Transcription Market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. This report is the best overview about global industry perspective, comprehensive analysis, size, share, growth, segment, trends and forecast. Estimations about the rise or fall of the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are evaluated in the report. TOC, graphs and tables included in the report helps understand the market size, share, trends, growth drivers and market opportunities and challenges.

MicroRNA is a type of endogenous RNA that controls gene expression after transcription. MicroRNAs are abundant in mammalian species and target around 60% of the genes in humans and other mammals. MiRNA reverse transcription are important regulator of gene expression and potential biomarker candidates. A single miRNA can alter the expression of hundreds of genes by targeting hundreds of mRNAs. Furthermore, miRNA reverse transcription is involved in a variety of allergens, such as eosinophilic esophagitis, asthma, and others, which is expected to drive up demand for microRNA reverse transcription.

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The global microRNA reverse transcription market is supportive and aims to reduce the progression of the cancer, neurological disease. Data bridge market research analyses that global microRNA reverse transcription market will grow at a CAGR of 16.4% during the forecast period of 2022 to 2029.

Rising prevalence rate of cancer and neurological disorder is expected to drive the market’s growth rate during the forecast period.

MicroRNA reverse transcription is employed in neurology to diagnose and prognosis Alzheimer’s disease through mediated intercellular communication for biomarkers in malignancy. MicroRNA reverse transcription could also be employed in other domains, such as cardiology, to diagnose acute cardiovascular disease or heart failure faster and more accurately, and in infectious diseases to diagnose sepsis. As a result, microRNA expression profiling in human tumors correlates with cancer identification, staging, progression, and therapeutic response, boosting the market for microRNA reverse transcription.

Increasing prevalence of cancer, neurological disorder and others are expected to drive the microRNA reverse transcription market. In addition, the microRNA reverse transcription market is expected to rise exponentially due to further development in genomics technologies and computational approaches. Further, therapeutics demonstration in preclinical studies using these molecules is anticipated to increase the R&D investment in the coming years.

Also, there are various kits available such as the TaqMan, microRNA reverse transcriptase is specifically designed to generate specific cDNA, for the use with the TaqMan microRNA assays is also expected to increase the growth of microRNA reverse transcriptase market. This increase in the demand for microRNA reverse transcription has encouraged the key market players to implement newer technologies and strategies to improve the devices in the respective categories through product launches, acquisition, strategies and agreements.

Drivers

  • Increasing Prevalence of Cancer and Neurological Disorder

MicroRNA reverse transcription is used for biomarkers in cancer through mediated intercellular communication in neurology for the diagnosis and prognosis of alzheimer’s disease. MicroRNA reverse transcription could also be used in other fields like cardiology, as a faster and more accurate means of diagnosis for acute cardiovascular disease or heart failure and in the case of infectious diseases for the diagnosis of sepsis. Consequently, expression profiling of microRNA in human cancers correlates with cancer detection, staging, progression, and response to therapies, which boosts the microRNA reverse transcription market.

  • Increasing Increase in the Early Diagnosis Rate

With the increase in the successful diagnosis of chronic disease including cancer, anemia, type two diabetes, and others, improved health care professionals and regular training sessions for the professionals for conducting tests accounted for the improvement of diagnosis rate across the globe. Healthcare IT also has the potential, and they are putting in efforts that enhance the rate of diagnosis seeking, and they can also reduce the diagnostics errors. It also helps in detecting the risks associated with the diagnostic process and helps determine the range of the problem. Healthcare IT vendors also share and conduct to share the user experiences. This will help evaluate the consequences of the diagnostic errors, which is helping in improving the rate of diagnosis across various regions of the world. several associations and organizations are taking initiatives to spread awareness about new advanced microRNA sequencing products and technology.

Major Players

Data Bridge Market Research recognizes the following companies as the major MicroRNA reverse transcription market players in MicroRNA reverse transcription market are QIAGEN (Netherlands), Merck KGaA (Germany),   Illumina, Inc. (U.S.), Agilent Technologies, Inc.(U.S.), Thermo Fisher Scientific Inc. (U.S.), Takara Bio Inc (Japan), Bio-Rad Laboratories, Inc. (U.S.), MiRXES Pte Ltd. (Singapore), Abcam plc (U.K.).

Market Development

  • In September 2021, Bio-Rad Laboratories, Inc. announced the partnership with Seegene, Inc. for the clinical development and commercialization of infectious disease molecular diagnostic products. According to the terms of the agreement, Seegene, based in Seoul, Korea, will supply diagnostic assays for use on Bio-CFX96TM Rad’s Dx Real-Time PCR System in the United States, pending clinical development and FDA approval (FDA). Seegene assays provide multiplex real-time PCR detection and differentiation for up to seven targets in a single reaction, with high sensitivity and specificity. The assays take about four hours to get findings. Bio-Rad Laboratories, Inc. is a global leader in developing, manufacturing, and marketing cutting-edge products for life science research and clinical diagnostics. Our products promote the discovery process and improve healthcare by focusing on quality and customer service for over 65 years.
  • In 2021, throughout the pandemic, Thermo Fisher Scientific Inc. has collaborated closely with the world’s highest levels of government and healthcare institutions and the pharmaceutical and biotech industries to support research, diagnostic testing, and development efforts and production.

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Report Scope and Market Segmentation

Report Metric Details
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2014 – 2019)
Quantitative Units Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered Product Type  (Instruments, Kits and Reagents, Consumables), Services ( Sample Collection, Other Services), Reverse Transcription & qPCR), Application (Cancer, Kidney Disease, Neurological Disease, Cardiovascular Disease, Others), End User (Academic and Research Institutes, Biopharmaceutical Companies,  Contract Research Organizations, Diagnostic Centers)

 

Segment Analysis:

The microRNA reverse transcription market is segmented on the basis of product type, services, method, application and end user.

  • On the basis of product type, the global microRNA reverse transcription market is segmented into instruments, kits and reagents, consumables. In 2022, kits and reagents segment is expected to dominate the global microRNA reverse transcription market with 45.94% market share due to increasing applications of RT-PCR in miRNA profiling, quantitation, validation, and analysis, and rapidly increasing volumes of RT-PCR tests for COVID-19.
  • On the basis of services, the global microRNA reverse transcription market is segmented into sample collection and other services. In 2022, other services segment is expected to dominate the global microRNA reverse transcription market with 65.89% market share due to increasing use of blood serum in miRNA reverse transcription, cell culture media, cell line saving, tissue culture, diagnostic reagents is driving the growth of the market.

In 2022, the other services segment is projected to hold the largest share of services segment in the microRNA reverse transcription market. 

In 2022, the other services segment is anticipated to hold the largest share of global microRNA reverse transcription market due to increasing use of blood serum in miRNA reverse transcription, cell culture media, cell line saving, tissue culture, diagnostic reagents is driving the growth of the market. The other services segment is growing with a CAGR of 17.5% in the forecast period of 2022 to 2029.

  • On the basis of method, the global microRNA reverse transcription market is segmented into on the basis of RT-QPCR, on the basis of kits, reagents and consumables. In 2022, reverse transcription segment in RT-QPCR segment is expected to dominate the global microRNA reverse transcription market with 63.96% market share due to increase in prevalence of diseases.

In 2022, the reverse transcription segment of method segment is anticipated to dominate the microRNA reverse transcription market. 

In 2022, the reverse transcription segment of this market will dominate the microRNA reverse transcription market due to increase in prevalence of diseases. The reverse transcription segment is expected reach the highest CAGR of 17.5% in the forecast period of 2022-2029.

  • On the basis of application, the global microRNA reverse transcription market is segmented into cancer, kidney disease, neurological disease, cardiovascular disease, others. In 2022, cancer segment is expected to dominate the global microRNA reverse transcription market with 58.99% market share due to increasing cancer patients.
  • On the basis of end user, the global microRNA reverse transcription market is segmented into academic and research institutes, biopharmaceutical companies, contract research organizations, diagnostic centers. In 2022, academic and research institutes segment is expected to dominate the global microRNA reverse transcription market with 50.38% market share due to increase in research and development activities.

Top Key Topics Covered:

  1. Strategic Imperatives
  • Factors Creating Pressure on Growth
  • The Strategic Imperative
  • Growth Opportunities Fuel the Growth Pipeline Engine
  • Research Methodology
  1. Scope and Segmentation
  • Research Context and Scope of Analysis
  • Segmentation
  • Other Techniques for This Research Report Management
  1. Growth Opportunity Analysis
  • Growth Drivers
  • Growth Restraints
  1. Introduction
  • The Impact of the COVID-19 Pandemic and Post
  • Future Growth
  1. Innovation Ecosystem

Continued…

Fundamental Aim of this Market Report

  • Notable Market rivals around the world.
  • Future Scope and Product Outlook
  • Future-promising emerging markets.
  • The Market Presents Difficult Challenges and Threats.

Key highlights of this Market report: 

  • Major restraints
  • Market drivers
  • Regional bifurcation
  • Competitive hierarchy
  • Current market tendencies
  • Market concentration analysis

Browse the complete table of contents at –  https://www.databridgemarketresearch.com/toc/?dbmr=global-microrna-reverse-transcription-market&Shri

Critical Insights Related to the adalimumab biosimilar Included in the Report:

    • Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
    • Value chain analysis of prominent players in the market
    • Current trends influencing the dynamics of this market across various geographies
    • Recent mergers, acquisitions, collaborations, and partnerships
    • Revenue growth of this industry over the forecast period
    • Marketing strategy study and growth trends
    • Growth-driven factor analysis
    • Emerging recess segments and region-wise market
    • An empirical evaluation of the curve of this market
    • Ancient, Present, and Probable scope of the market from both prospect value and volume

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