RNA Sequencing Market Size, Share, Value, Trends, Growth Drivers, and Competitive Insights Report 2023-2030

USD Analytics | Business Consulting
The major companies contributing to the global RNA sequencing market growth include Thermo Fischer Scientific Inc., Qiagen, Perkin Elmer, Inc., Agilent Technologies Inc., Illumina, Tecan Genomics Inc., Roche Sequencing Solutions (RSS), GE Healthcare (Cytiva), Bio-Rad Laboratories Inc., Sigma Aldrich.

RNA Sequencing Market

According to the USD Analytics published latest research report, the global “RNA Sequencing Market” is expected to grow at a tremendous CAGR of 23.4% during the forecast period 2023-2030.

RNA sequencing is a chain technique that uses next-generation sequencing (NGS) to reveal the presence and quantity of RNA in a biological sample at a particular time, allowing researchers to assess the constantly changing cellular transcriptome. RNA Sequencing, in particular, enhances the capacity to examine alternative gene spliced transcripts, post-transcriptional changes, gene fusion, mutations/SNPs, and changes in gene expression over time, or variations in gene expression in different groups or therapies. The increasing number of RNA sequencing research activities requiring RNA library preparation is expected to boost the RNA Sequencing Market. During the projected period, the rapid development in the precision medicine industry is expected to boost the growth of the RNA Sequencing industry.

Browse Full Report @ https://www.usdanalytics.com/industry-reports/rna-sequencing-market


Market Drivers:

Advancements in NGS Technologies:

The continuous advancements in NGS technologies, such as improved read lengths, higher throughput, and enhanced accuracy, have significantly contributed to the growth of the RNA sequencing market. These technological innovations have made RNA sequencing more accessible and cost-effective, enabling researchers to perform large-scale transcriptomic studies.

Declining Sequencing Costs:

The decreasing sequencing costs have made RNA sequencing more affordable and accessible to a broader range of researchers. The reduced cost per base pair and the availability of high-throughput sequencers have led to a surge in RNA sequencing experiments across academia and industry.

Growing Application Areas:

 RNA sequencing has widespread applications in various fields, including oncology, neuroscience, agriculture, infectious diseases, and developmental biology. The ability to analyze gene expression at a single-cell level has opened new avenues for studying cellular heterogeneity and identifying novel biomarkers and therapeutic targets.

Market Restraints:

However, a lack of experienced personnel and issues with sequencing data storage limit industry expansion.

Market Challenges:

Data Management and Analysis: The massive amount of data generated by RNA sequencing poses significant challenges in storage, processing, and analysis. Efficient data management strategies, robust computational infrastructure, and the development of user-friendly analysis tools are essential to overcome these challenges and extract meaningful biological insights.

Standardization and Quality Control: Ensuring the reproducibility and reliability of RNA sequencing results across different laboratories and platforms remains a challenge. Standardizing experimental protocols, benchmarking performance metrics, and implementing quality control measures are crucial to maintaining data integrity and comparability.

Market Opportunities:

Government efforts in population sequencing and growing economies like China and India provide considerable prospects for industry expansion.

Competitive Landscape:

The major companies contributing to the global RNA sequencing market growth include Thermo Fischer Scientific Inc., Qiagen, Perkin Elmer, Inc., Agilent Technologies Inc., Illumina, Tecan Genomics Inc., Roche Sequencing Solutions (RSS), GE Healthcare (Cytiva), Bio-Rad Laboratories Inc., Sigma Aldrich.

Download Sample Report @ https://www.usdanalytics.com/sample-request/7420

Segmentation Analysis:

The global RNA sequencing market is segmented by products and services, technology, application, end user, and region

By-Products and Services:

Sample Preparation
RNA Sequencing Platforms & Consumables
RNA Sequencing Services
Data Analysis
Storage And Management

By Technology:

Sequencing by Synthesis
Ion Semiconductor Sequencing
Single Molecular Real-Time Sequencing
Nanopore Sequencing

By Application:

Expression Profiling Analysis
Small RNA Sequencing
De Novo Transcriptome Assembly
Variant Calling & Transcriptome Epigenetics

By End User:

Research And Academia
Hospitals and Clinics
Pharmaceutical and Biotechnology Companies

By Region:

North America
South America
Middle East and Africa

Recent Developments:

In June 2021, QIAGEN N.V. received FDA (U.S. Food and Drug Administration) approval for an expanded scope of applicability for their therascreen KRAS RGQ PCR (Polymerase Chain Reaction) Kit. The latest regulatory approval permits it to be used as a companion diagnostic in conjunction with Amgen’s AMGN newly-approved lung cancer targeted medicine LUMAKRASTM (sotorasib). Following the endorsement, QIAGEN also immediately launched this expanded scope of companion diagnostic (CDx) claims for the therascreen KRAS Kit.
PerkinElmer, Inc. announced the release of two Research Use Only (RUO) solutions in March 2021: the PKampTM VariantDetectTM SARS-CoV-2 RT-PCR Assay and the Next Generation Sequencing-based NEXTFLEX® Variant-SeqTM SARS-CoV-2 Kit. Using nucleic acid isolated from previously positive samples, scientists may use these tests to identify genomic alterations associated with SARS-CoV-2 variations. The U.S. Food and Drug Administration (FDA) has warned clinical labs and healthcare about SARS-CoV-2 viral alterations.

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Media Contact
Company Name: USD Analytics
Contact Person: Harry James
Email: Send Email
Country: India
Website: https://www.usdanalytics.com/industry-reports/rna-sequencing-market

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