RNA Sequencing Services Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the RNA Sequencing Services Market?
The rise in popularity of personalized medicine is playing a crucial role in the expansion of the RNA sequencing services market. Personalized medicine aims to customize medical treatments according to the unique characteristics of individuals, such as genetic background or lifestyle, to enhance effectiveness and reduce unwelcome effects. The accelerated demand for personalized medicine is fueled by its capability to offer more efficient treatments, developments in the field of genomics, escalating disease complexity, and supportive regulations. RNA sequencing services aid in distinguishing disease subtypes, uncovering biomarkers, pinpointing therapeutic targets, forecasting therapy responses, and monitoring disease progression and treatment outcomes. The techniques of personalized medicine utilize RNA sequencing technologies to develop individualized and potent medicines that address the specific molecular attributes of individual patients. For example, in February 2024, the Personalized Medicine Coalition, a non-profit organization based in the U.S., reported that in 2023, the FDA (Food and Drug Administration) approved 16 new personalized therapies for patients with rare diseases, a significant increase from six in 2022. The approved personalized treatments in 2023 included seven cancer drugs and three for other diseases and conditions. Consequently, the mounting demand for personalized medicine propels the growth of the RNA sequencing services market in the future.
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#What is the Growth Potential of the RNA Sequencing Services Market, and How Will It Perform by 2034?
In recent years, the market size for RNA sequencing services has experienced swift growth. Projected to see an increase from $3.58 billion in 2024 to $4 billion in 2025, the market enjoys a compound annual growth rate (CAGR) of 11.6%. This growth during the historical period can be credited to the rising demand for personalized medicine, progress in bioinformatics tools, amplified focus on drug discovery and development, increased adoption of RNA sequencing in the field of agricultural research, and the broadening of its use in clinical diagnostics.
The market size of RNA sequencing services is projected to expand rapidly in the forthcoming years, and is expected to reach a value of $6.13 billion by 2029 with a compound annual growth rate (CAGR) of 11.3%. This prospective growth during the projection period can be traced back to the rise of single-cell RNA sequencing technologies, the incorporation of artificial intelligence and machine learning in data interpretation, increasing research into non-coding RNA biomarkers, a surge in the demand for transcriptomic analysis in immunotherapy research, and heightened collaboration levels between academic and industrial sectors in genomic studies. The forecast period is likely to see significant trends such as the adoption of long-read sequencing, the use of cloud-based analysis platforms, rising demand for RNA splicing analysis, and the integration of multi-omics data.
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What Are the Key Market Innovations in theRNA Sequencing Services Market Over the Coming Years?
Large firms active in the RNA sequencing services sector are emphasizing automation to mitigate potential mistakes that could be introduced by human involvement, with the focus on next-generation sequencing (NGS) assays, which aim to improve efficiency and reliability in the creation and examination of data. The RNA-seq assay, a high-efficiency tool used in molecular biology and genomics, serves as a means for in-depth analysis of a biological sample’s transcriptome. To illustrate, in June 2023, the US firm Tempus, which specializes in precision medicine technology, introduced its standalone RNA NGS assay, Tempus xR. This inventive assay, designed specifically for solid tumours, presents a thorough overview of the transcriptome, underlining significant fusions in over 100 genes specifically targeted, in addition to altered splicing for MET Exon 14 and EGFRvIII. Tempus, acknowledging the importance of RNA sequencing data, traditionally includes both RNA and DNA sequencing in its standard xT broad-panel assay. Currently, customers can choose to order each test individually or in combination, also with the possibility to expand xR with specific Tempus algorithmic tests. This service is aimed at healthcare professionals with interest in RNA fusions or altered splicing, and also at providers, researchers, and biopharma companies who want extensive RNA sequencing analysis of their existing samples.
Who Are the Top Companies Driving Innovation and Growth in theRNA Sequencing Services Market?
Major companies operating in the RNA sequencing services market are Thermo Fisher Scientific Inc., Feng Chi Biotech Corp., Illumina Inc., Qiagen NV, BGI Genomics Co. Ltd., Azenta Inc., Abcam Limited, Novogene Co. Ltd., Genewiz Inc., Diagenode LLC, CD Genomics, CeGaT GmbH, Lexogen GmbH, BaseClear BV, Active Motif Inc., Microsynth AG, RayBiotech Inc., Genomax Technologies Pte. Ltd., Phalanx Biotech Group Inc., Creative Biogene, SeqMatic LLC, Genohub Inc., Otogenetics, LC Sciences, Admera Health, Arraystar Inc., IGA Technology, Yaazh Xenomics
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Which Key Market Segments Comprise the RNA Sequencing Services Market and Drive Its Revenue Growth?
The RNA sequencing services market covered in this report is segmented –
1) By Type: Ribosomal RNA (rRNA), Transfer RNA (tRNA), Long non-coding RNA (lncRNA)
2) By Sequencing Method: Next Generation Sequencing Methods, Other Sequencing Methods
3) By Application Area: Research Purposes, Diagnostic Purposes
4) By End Users: Academic And Government Institutes And Research Centers, Hospitals And Clinics, Pharmaceutical And Biotechnology Companies, Other End Users
Subsegments:
1) By Ribosomal RNA (rRNA): Total RRNA Sequencing, RRNA Depletion
2) By Transfer RNA (tRNA): TRNA Profiling, TRNA Sequencing
3) By Long Non-Coding RNA (lncRNA): lncRNA Profiling, lncRNA Sequencing
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Which Regions Are Emerging as Leaders in the RNA Sequencing Services Market?
North America was the largest region in the RNA sequencing services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the RNA sequencing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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