The NGS-based RNA-sequencing market was valued at approximately $5.6 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030. This growth is driven by the increasing demand for personalized medicine, advancements in genomic research, and a growing emphasis on early disease detection and drug discovery. The market's expansion is also supported by a rising number of research initiatives and funding aimed at enhancing the capabilities of RNA sequencing technologies.
Artificial Intelligence (AI) and automation are significantly transforming the NGS-based RNA-sequencing market. AI algorithms enhance data analysis by providing more accurate interpretation of complex sequencing data, while automation streamlines sample preparation and sequencing processes, thereby increasing efficiency and reducing human error. These technological advancements are expected to lower operational costs, accelerate research timelines, and improve the overall throughput of RNA sequencing projects. The integration of AI and automation is poised to drive further market growth and innovation, contributing to the development of more sophisticated and accessible RNA sequencing solutions.
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The importance of NGS-based RNA-sequencing Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and NGS-based RNA-sequencing Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the NGS-based RNA-sequencing Market?
Growing demand for below Type around the world has had a direct impact on the growth of the NGS-based RNA-sequencing Market:
Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing, Nanopore Sequencing
What are the Applications of NGS-based RNA-sequencing Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest NGS-based RNA-sequencing Market share In 2024.
Research & Academia, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Others
Who is the largest Manufacturers of NGS-based RNA-sequencing Market worldwide?
Illumina, Thermo Fischer Scientific, Oxford Nanopore, Agilent Technologies, BGI, PerkinElmer, QIAGEN, Eurofins Scientific, Roche, Takara Bio, GENEWIZ, Hamilton, Macrogen, Zymo Research, Tecan Genomics
Short Description About NGS-based RNA-sequencing Market:
The global NGS-based RNA-sequencing Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the NGS-based RNA-sequencing Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the NGS-based RNA-sequencing Market, with more new investments expected to enter the field in the future.
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Which regions are leading the NGS-based RNA-sequencing Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the NGS-based RNA-sequencing Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in NGS-based RNA-sequencing Market? What are the upcoming industry applications and trends for the NGS-based RNA-sequencing Market?
What Are Projections of Global NGS-based RNA-sequencing Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of NGS-based RNA-sequencing Market? What are the raw materials used for NGS-based RNA-sequencing Market manufacturing?
How big is the opportunity for the NGS-based RNA-sequencing Market? How will the increasing adoption of NGS-based RNA-sequencing Market for mining impact the growth rate of the overall market?
How much is the global NGS-based RNA-sequencing Market worth? What was the value of the market In 2020?
Who are the major players operating in the NGS-based RNA-sequencing Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for NGS-based RNA-sequencing Market Industry?
1. Introduction of the NGS-based RNA-sequencing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. NGS-based RNA-sequencing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. NGS-based RNA-sequencing Market, By Product
6. NGS-based RNA-sequencing Market, By Application
7. NGS-based RNA-sequencing Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. NGS-based RNA-sequencing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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