Market Analysis and Insights: Global Transcriptomics Market
Transcriptomics market is registering a healthy CAGR of 14.32% in the forecast period of 2019-2026. This rise in market value can be attributed due to increase research and development in order to provide better treatment among patients worldwide.
Transcriptome is set of all RNA molecules in population of the cell or one cell in the body. These RNA cells can be analysed by various transcriptomics technologies that are used in studying an organism's transcriptome. The first attempt in transcriptome study began in early 1990s. Since then various companies are involved in developing technologies and products for transcriptomics. Two contemporary techniques are available in this field and they are microarrays and RNA sequencing (RNA-Seq). Transcriptomic has wide application such as biomedical research, including disease diagnosis and profiling.
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Competitive Analysis
Global transcriptomics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of transcriptomics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
• Increase in wide range of PCR applications in biotechnology industry; this factor is expected to drive the growth of the market
• Increase biomedical research, including disease diagnosis and profiling; this factor is expected to drive the growth of the market
• Increase in diseases worldwide is also expected to boost the growth of the market
• Increment in mechanical progressions; this factor is expected to drive the growth of the market
Market Restraints:
• High levels of investments required for the research in sequencing is expected to restrict the growth of the market
• Lack of skilful experts, which is restricting the overall growth of the market
• Certain drawbacks of RNA sequencing; which is restricting the overall growth of the market
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Segmentation: Global Transcriptomics Market
By Product & Services
• Instruments
• Consumables
• Software
• Services
By Technology
• Microarray
• Real Time-PCR (qPCR)
• Sequencing
By Technology
• Diagnostics & Disease Profiling
• Drug Discovery
• Others
By End-User
• Pharmaceutical & Biotechnology Companies
• Government Institutes & Academic Centers
• Contract research Organizations (CROs)
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
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Key Developments in the Market:
• In December 2018, 10x Genomics acquired Spatial Transcriptomics, Stockholm-based company which is a pioneer in the emerging field of spatial genomics. This acquisition has benefited the company in order to increase their product portfolio by introducing new products. This acquisition has also helped in increase in expansion as they established headquarters and manufacturing into Pleasanton, California
• In April 2017, Seven Bridges, a biomedical data analysis company entered in partnership with Spatial Transcriptomics, pioneer in the emerging field of spatial genomics. By this strategic decision the company has made much easier platform for researchers to access, analyze and share massive biomedical data sets which may lead new development in transcriptomics field
Major Market Competitors/Players
Few of the major competitors currently working in the global transcriptomics market are Agilent Technologies, Inc., Illumina, Inc., F. Hoffmann-La Roche Ltd, Beckman Coulter, Inc, Thermo Fisher Scientific, BD, Biological Industries, bioMérieux SA, Bio-Rad Laboratories, Inc, Cepheid, Takara Bio Inc., Cytognomix, Edico Genome (subsidiary of Illumina, Inc.), GENERAL ELECTRIC COMPANY, Siemens AG, QIAGEN, Merck KGaA, Kapa Biosystems, Spatial Transcriptomics among others.
Research Methodology: Global Transcriptomics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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