What Is The NGS-Based RNA-Sequencing Market Overview In 2022?
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The NGS-based RNA-sequencing market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 23%, as per The Business Research Company’s market report!
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The NGS-Based RNA-Sequencing Market Size In 2022 And Forecast
The global NGS-based RNA-sequencing market is expected to grow from $1.82 billion in 2021 to $2.21 billion in 2022 at a compound annual growth rate (CAGR) of 21.57%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The NGS-based RNA sequencing market is expected to grow to $5.04 billion in 2026 at a compound annual growth rate (CAGR) of 22.91%.
The NGS-based RNA-sequencing market consists of sales of NGS-based RNA-sequencing solutions and services by entities (organizations, sole traders, and partnerships) that are used to identify and measure the amount of ribonucleic acid (RNA) present in a biological sample at a certain moment, using next-generation sequencing (NGS).
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Growth In Precision Medicine Is Driving The Growth Of The NGS-Based RNA-Sequencing Market
For instance, in September 2021, the Swedish Government invested $21.15 million (SEK 220 million) in the Swedish national infrastructure Genomic Medicine Sweden (GMS), to make it easier to keep integrating precision medicine into Swedish healthcare, ensuring that every person there has to access to more accurate tests and individualized care. Such investments are taking place due to a rise in demand for precision medicines. As the demand for precision medicines increases, the demand for NGS-based RNA sequencing will also increase.
Competitive Landscape And The Regional Analysis Of The NGS-Based RNA-Sequencing Market
Major players in the NGS-based RNA-sequencing market are Illumina, Thermo Fischer Scientific, Oxford Nanopore, Agilent Technologies Inc, BGI, PerkinElmer Inc, QIAGEN, Eurofins Scientific, F Hoffmann-La Roche Ltd, Takara Bio Inc, GENEWIZ Inc, Hamilton Company, Macrogen, and Bio-Rad Laboratories Inc.
Additionally, as per TBRC’s research – North America was the largest region in the NGS-based RNA-sequencing market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.
The NGS-Based RNA-Sequencing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the NGS-based RNA-sequencing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the NGS-based RNA-sequencing market.
Strategic Partnership – A Key Trend In The NGS-Based RNA-Sequencing Market
Companies are entering into a partnership with NGS-based RNA sequencing companies to expand in new markets and leverage each other’s resources.
NGS-Based RNA-Sequencing Market Segmentation By The Business Research Company
1) By Product And Service: Sample Preparation Products, Sequencing Platforms and Consumables, Sequencing Services, Data Analysis, Storage, and Management
2) By Technology: Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing, Nanopore Sequencing
3) By Application: Expression Profiling Analysis, Small RNA Sequencing, De Novo Transcriptome Assembly, Variant Calling and Transcriptome Epigenetics
4) By End User: Research & Academia, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Other End Users
Here Are Some Reports Related To The NGS-Based RNA-Sequencing Market –
RNA Analysis/ Transcriptomics Global Market Report 2022
Next Generation Sequencing Global Market Report 2022
Clinical Oncology Next Generation Sequencing Global Market Report 2022
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