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Transcriptomics Technologies Market Analysis | Coherent Market Insights

Read here the market research report on u201cTranscriptomics Technologies Marketu201d published by CMI team.

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Transcriptomics Technologies Market Analysis | Coherent Market Insights

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  1. Coherent Market InsightS Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. Transcriptomics Technologies Market Analysis (2020-2027) • Transcriptome refers to a set of all the transcripts present in an individual or a population of cells. Transcripts comprise all types of ribonucleic acid (RNA) molecules namely, messenger RNA (mRNA), ribosomal RNA (rRNA), transfer RNA (tRNA), and other non-coding RNA molecules. • Statistics: The global transcriptomics technologies market is estimated to account for US$ 15,569.1 Mn in terms of value by the end of 2027.

  3. Global Transcriptomics Technologies Market: Drivers • Approval and launch of microarrays is expected to propel growth of the global transcriptomics technologies market over the forecast period. For instance, in March 2020, Agilent Technologies Inc. launched Agilent GenetiSureCyto microarrays for prenatal and postnatal research. • Moreover, initiatives to advance personalized medicine are also expected to aid in growth of the market. For instance, in April 2020, Indivumed GmbH, an oncology company, launched the Oncology Alliance for Individualized Medicine, an international collaborative alliance to advance personalized medicine in cancer through IndivuType, the company’s multi-omics database.

  4. s • Statistics: North America held dominant position in the global transcriptomics technologies market in 2019, accounting for 39.2% share in terms of value, followed by Europe and Asia Pacific, respectively.

  5. Figure 1: Global Transcriptomics Technologies Market Share (%) Value, By Region, 2019

  6. Global Transcriptomics Technologies Market: Restraints • Lack of efficient data analysis tools is expected to hinder growth of the market. With increasing technological advances, there has been a rising concern about data complexity post analysis of transcripts through sequencing platforms. Complex data management is one of the major limitations faced in transcriptome research. The data complexity increases with advances in the subsequent RNA analysis methodologies. • Moreover, complex processes involved in isolation of RNA from the tissue of interest are also expected to limit the market growth.

  7. Global Transcriptomics Technologies Market: Opportunities • Increasing prevalence of cancer is expected to offer lucrative growth opportunities for players in the global transcriptomics technologies market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. • Moreover, development of new technologies is also expected to aid in growth of the market. For instance, in December 2019, PathogenDx, Inc. was awarded two US Patents for Tandem PCR + Microarray Hybridisation technology.

  8. s • Statistics: The globaltranscriptomics technologies market was valued at US$ 4,625.8 Mn  in 2019 and is forecast to reach a value of US$ 15,569.1 Mn by 2027 at a CAGR of 16.4% between 2020 and 2027.

  9. Figure 2: Global Transcriptomics Technologies Market Value (US$ Mn), 2016 – 2027

  10. . Market players are focusing on various inorganic strategies such as mergers and agreements. For instance, in December 2018, Nicox SA entered an exclusive license agreement with Ocumension Therapeutics for the development and commercialization of NCX 470, an ophthalmic solution, in China, Hong Kong, Macau, and Taiwan.

  11. Figure 2. Global Glaucoma Eye Drops Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027

  12. Market Trends/Key Takeaways • Major players in the market are focused on launching new products to expand their product portfolio. For instance, in May 2019, Siemens Healthineers launched its new Atellica CH Enzymatic Hemoglobin A1c Assay to for diagnosing and monitoring diabetes. • Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in April 2020, Bio-Rad Laboratories, Inc. acquired Celsee, Inc., a developer of instruments and consumables for the isolation, detection, and analysis of single cells.

  13. Global Transcriptomics Technologies Market: Competitive Landscape • Major players operating in the global transcriptomics technologies market include, Affymetrix, Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Illumina, Inc., F. Hoffmann-La Roche Ltd., Life Technologies Corporation, LC Sciences, LLC, and Qiagen N.V.

  14. Global Transcriptomics Technologies Market: Key Developments • Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in March 2020, Illumina, Inc. partnered with IDbyDNA Inc., a metagenomics technology company, for R&D of next-generation sequencing-based workflows. • Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in June 2018, Agilent Technologies Inc. received the U.S. Food and Drug Administration (FDA) approval for its Dako PD-L1 IHC 22C3 pharmDx assay used for determining PD-L1 expression in cervical cancer.

  15. Request sample copy here • Request Customization here • Talk to Analyst • Buy Now • Reference: • https://www.coherentmarketinsights.com/market-insight/transcriptomics-technologies-market-3989

  16. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. • What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  17. Contact Us: • Mr. Shah • Coherent Market Insights Pvt. Ltd. • Address: 1001 4th ave, #3200 Seattle, WA 98154, U.S. • Phone: +1-206-701-6702 • Email :sales@coherentmarketinsights.com

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