Ribonucleic Acid (RNA) Sequencing Market in Focus: Forecasting Growth Drivers, Scaling Potential, and Global Opportunities
Discover trends, market shifts, and competitive outlooks for the ribonucleic acid (rna) sequencing industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Current and Projected Market Size of the Ribonucleic Acid (RNA) Sequencing Market Through 2034?
In past years, there has been a remarkable surge in the market size of ribonucleic acid (RNA) sequencing. The market is projected to expand from $3.25 billion in 2024 to $3.98 billion in 2025, reflecting a compound annual growth rate (CAGR) of 22.7%. The growth during the historical period was primarily driven by factors such as an increase in drug development initiatives, a rising occurrence of genetic illnesses and target diseases, augmented usage of compact portable instruments, a heightened demand for personalized medications, expanding use of biomarker profiling, along with an increase in cancer patients.
The market size for ribonucleic acid (RNA) sequencing is projected to witness substantial growth in the forthcoming years, reaching a value of $8.91 billion in 2029 at a compound annual growth rate (CAGR) of 22.3%. This predicted expansion during the forecast period is largely due to an increased need for quick and precise disease diagnosis, the burgeoning utilization of real-time polymerase chain reaction, escalating demands for speedy and on-location diagnostic tests, a surge in the incidence of infectious diseases, and the necessity for companion diagnostics. Key trends during the predicted period encompass disease identification and monitoring, medication discovery, target validation, biomarker discovery, advancements in DNA sequencing technologies, progression in diagnostic testing, next-generation sequencing (NGS), microfluidics, lab-on-a-chip systems, and the advancement of sophisticated molecular diagnostic solutions.
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Which Factors and External Forces Are Driving Demand in the Ribonucleic Acid (RNA) Sequencing Market?
The growth of the ribonucleic acid (RNA) sequencing market is anticipated to surge due to an amplified emphasis on precision medicine. This revolutionary approach to medical care and prevention factors in the individual nuances in genes, environment, and lifestyle of each person. The capacity of personalized medicine to deliver more effective interventions, coupled with advancements in genomics, escalating disease intricacy, and regulatory backing, boosts its potential. RNA sequencing methods are employed to ascertain the sequence and measure expression levels of RNA molecules in a particular sample. It facilitates an in-depth assessment of transcriptomes and obtains knowledge into gene expression patterns, substitute spicing incidents, and RNA modifications. For example, the FDA gave its approval to 16 unique personalized treatments for patients suffering from rare afflictions in 2023, which is a significant rise from six in 2022 according to the Personalized Medicine Coalition, a non-profit organization based in the US. Thus, the augmented focus on precision medicine is the driving force behind the increase in the ribonucleic acid (RNA) sequencing market.
How Is the Ribonucleic Acid (RNA) Sequencing Market Segmented?
The ribonucleic acid (RNA) sequencing market covered in this report is segmented –
1) By Product Type: Instruments, Reagents And Kits, Software
2) By Technology: Single Molecule Based Sequencing, Sequence By Synthesis Technology, Nanopore Sequencing Technology, Ion Torrent Semiconductor Sequencing
3) By Applications: Diagnostics, Drug Discovery, Translational Medicine, Other Applications
4) By End User: Research And Academia, Hospitals And Clinics, Pharmaceutical And Biotechnology Companies, Other End Users
Subsegments:
1) By Instruments: Next-Generation Sequencers, Microarray Instruments, Single-Cell Rna Sequencing Instruments
2) By Reagents And Kits: Rna Extraction Kits, Rna Sequencing Kits, Library Preparation Kits
3) By Software: Data Analysis Software, Data Management Software, Bioinformatics Software
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What Are the Fastest-Growing Geographies in the Ribonucleic Acid (RNA) Sequencing Market?
North America was the largest region in the ribonucleic acid (RNA) sequencing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ribonucleic acid (RNA) sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which Emerging Trends that Are Influencing the Ribonucleic Acid (RNA) Sequencing Industry Evolution?
Leading firms in the RNA sequencing market are focusing their efforts on RNA next-generation sequencing assays, aiming to enhance patient care via data-driven insights and precision medicine. RNA next-generation sequencing assays utilize state-of-the-art genomic sequencing technology to analyze a patient’s complete exome. For example, in June 2023, Tempus, a precision medicine tech firm based in the US, introduced its standalone RNA next-generation sequencing assay, known as Tempus xR. Designed for solid tumors, this groundbreaking assay provides a thorough analysis of the entire transcriptome and identifies clinically significant fusions in more than 100 targeted genes and altered splicing for MET Exon 14 and EGFRvIII. This product is designed to serve physicians interested in RNA fusions or altered splicing, as well as providers, researchers and biopharma enterprises in need of in-depth RNA sequencing analysis of their existing samples.
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How Is the Ribonucleic Acid (RNA) Sequencing Market Defined and What Are Its Core Parameters?
Ribonucleic acid (RNA) sequencing refers to a technique that uses next-generation sequencing to reveal the presence and quantity of RNA molecules in a biological sample, providing a snapshot of gene expression in the sample. It enables researchers to study gene expression, identify novel transcripts, and understand RNA processing.
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