According to a new report, published by KBV research, The Global miRNA Tools and Services Market size is expected to reach $939.8 million by 2028, rising at a market growth of 17.8% CAGR during the forecast period.
The NGS market is experiencing a CAGR of 18.3% during (2022 - 2028). It is becoming more and more popular because it is an effective technique for enabling systematic research of the genome and because it offers insights for a better understanding of the disease. Additionally, a number of informatics tools are connected with next-generation sequencing to enable the quick processing of complicated miRNA sequencing data. With preprocessing, miRNA qualifying, alignment, and variation identification in the miRNA coding region, for instance, CAP-miRSeq enables deep microRNA sequencing.
The Research & Academic Institutes market is leading the Global miRNA Tools and Services Market by End User in 2021; thereby, achieving a market value of $445.1 million by 2028. The development of the market can mostly be traced to supportive government programs that aid academic and research institutions in their genomics research. For instance, the Australian government granted a grant for the support of genomics research in pediatric sickness and cancer. The University of Queensland studies that involved whole-genome sequencing of patients suffering from breast cancer and analysis of their gene expression were among the projects that got funds.
The Services market is anticipated to witness highest CAGR of 18.8% during (2022 - 2028). The majority of services provide sophisticated tools, cutting-edge technology, and highly qualified staff members readily available to help with entirely tailored miRNA microarrays. Services aim to simplify platform operations or assist in creating a microarray that satisfies a specific purpose. These can also be used to hybridize two samples of the same microarray for dual sample analysis or do microarray research on a single sample to produce a clear expression profile.
The North America market dominated the Global miRNA Tools and Services Market by Region in 2021; thereby, achieving a market value of $354.4 million by 2028. The Europe market is poised to grow at a CAGR of 17.4% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 18.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/mirna-tools-and-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Electric (GE) Co., Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., Qiagen N.V., New England BioLabs, Inc., Promega Corporation, GeneCopoeia and Norgen Biotek Corp.
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