MicroRNA Tools and Services Market Report 2024 (Global Edition)

Global MicroRNA Tools and Services Market Report 2024 Market Size Split by Solution (Tools, Services), by Technology (Next-Generation Sequencing (NGS), RT-qPCR, Microarray-Based, Bioinformatics Tools,...

MicroRNA Tools and Services Market Report Description

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MicroRNA Tools and Services Market Insights Video

Competitive Landscape of the MicroRNA Tools and Services Market

The market for microRNA tools and services is highly competitive, with many national and international firms concentrating on innovation and technical breakthroughs. Businesses spend money on R&D to improve the precision, effectiveness, and expandability of microRNA analysis instruments. Firms that aim to increase their market presence and product offerings frequently engage in strategic alliances, mergers, and acquisitions. Intense rivalry in this quickly developing field is driven by the demand for targeted medicines and personalized medicine.

October 2023: Thermo Fisher Scientific intended to spend USD 3.1 billion to buy Olink Holding AB in order to broaden its portfolio in the life sciences, which helps with medication development. Source: https://ir.thermofisher.com/investors/news-events/news/news-details/2023/Thermo-Fisher-Scientific-to-Acquire-Olink-a-Leader-in-Next-Generation-Proteomics/default.aspx) November 2023: QIAGEN expanded its use for biopharma and food safety customers by introducing new QIAcuity digital PCR kits and enhanced software. Source: https://corporate.qiagen.com/English/newsroom/press-releases/press-release-details/2023/QIAGEN-launches-new-QIAcuity-digital-PCR-kits-and-updated-software-to-expand-use-by-biopharma-and-food-safety-customers/default.aspx) March 2022:Agilent Technologies completed a significant acquisition when it paid $2.3 billion to acquire Resolution Bioscience. Agilent will now have access to Resolution Bioscience's cutting-edge next-generation sequencing (NGS) technology thanks to this calculated move. This technology is especially useful for miRNA analysis, which puts Agilent in a position to strengthen its position in the quickly changing field of miRNA research and increase the company's visibility in the genomics and life sciences industry. Source: https://www.agilent.com/about/newsroom/presrel/2021/02mar-gp21007.html)

Top Companies Market Share in MicroRNA Tools and Services Industry: (In no particular order of Rank)

• Thermo Fisher Scientific
• Inc.
• QIAGEN
• Horizon Discovery Group plc.
• NanoString Technologies
• Inc.
• Merck KGaA
• Takara Bio
• Inc.
• LGC Limited
• BioGenex
• GeneCopoeia
• Inc.
• New England Biolabs
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the MicroRNA Tools and Services Market

Which Region Dominates the MicroRNA Tools and Services Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America is experiencing growth in the microRNA equipment and services marketplace because of growing research investments, advancements in the era, and a strong emphasis on personalized remedies. Leading instructional institutions and biotech companies drive demand for stylish miRNA analysis equipment, improving studies capabilities in most cancers, neurology, and different fields, thereby propelling marketplace enlargement inside the location.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the MicroRNA Tools and Services market. Asia Pacific's microRNA tools and services market is increasing due to heightened research initiatives, supportive investment, and a focal point on precision medication. The vicinity's sturdy instructional and biotech sectors are riding the call for superior miRNA analysis technologies, supporting studies in numerous diseases, and fostering innovation. This boom is, in addition, supported by means of collaborations and investments in biotechnology advancement.

The current report Scope analyzes MicroRNA Tools and Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America MicroRNA Tools and Services Market

According to Cognitive Market Research, the global MicroRNA Tools and Services market size was estimated at USD 351.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 140.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the MicroRNA Tools and Services market with a market size of USD 110.96 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The nation's advances in genomics.
• The Canada MicroRNA Tools and Services market had a market share of USD 16.88 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. Canada's rising cancer research.
• The Mexico MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 12.80 million in 2024.

Europe MicroRNA Tools and Services Market

According to Cognitive Market Research, the global MicroRNA Tools and Services market size was estimated at USD 351.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 105.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2024 to 2031.

• The United Kingdom MicroRNA Tools and Services market had a market share of USD 17.72 million in 2024 and is projected to grow at a CAGR of 19.8% during the forecast period. In the UK, MicroRNA Tools and Services sales witness an upswing due to the increasing r&d investments.
• The France MicroRNA Tools and Services market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 9.70 million in 2024.
• According to Cognitive Market Research, the German MicroRNA Tools and Services market size was valued at USD 20.89 million in 2024 and is projected to grow at a CAGR of 19.2% during the forecast period. In Germany, MicroRNA Tools and Services surged due to the growing demand for personalized medicine.
• The Italy MicroRNA Tools and Services market is projected to witness growth at a CAGR of 18.4% during the forecast period, with a market size of USD 9.07 million in 2024.
• The Russia MicroRNA Tools and Services market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 16.35 million in 2024.
• The Spain MicroRNA Tools and Services market is projected to witness growth at a CAGR of 18.1% during the forecast period with a market size of USD 8.65 million in 2024
• The Luxembourg MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.1% during the forecast period, with a market size of USD 3.27 million in 2024.
• The Portugal MicroRNA Tools and Services market is projected to witness growth at a CAGR of 18.8% during the forecast period, with a market size of USD 2.22 million in 2024.
• The Greece MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 1.27 million in 2024.
• Rest of Europe's MicroRNA Tools and Services market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 16.35 million in 2024.

Asia Pacific MicroRNA Tools and Services Market

According to Cognitive Market Research, the global MicroRNA Tools and Services market size was estimated at USD 351.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 80.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.

• According to Cognitive Market Research, the China MicroRNA Tools and Services market size was valued at USD 36.39 million in 2024 and is projected to grow at a CAGR of 22.0% during the forecast period. MicroRNA Tools and Services surged in China due to the expanding biotech sector.
• The Japan MicroRNA Tools and Services market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 11.16 million in 2024.
• The India MicroRNA Tools and Services market had a market share of USD 9.70 million in 2024 and is projected to grow at a CAGR of 24.3% during the forecast period. India's high prevalence of chronic diseases.
• The South Korean MicroRNA Tools and Services market is projected to witness growth at a CAGR of 21.6% during the forecast period, with a market size of USD 8.09 million in 2024.
• The Australian MicroRNA Tools and Services market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 4.21 million in 2024.
• The South East Asia MicroRNA Tools and Services market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 5.58 million in 2024.
• The Rest of Asia Pacific MicroRNA Tools and Services market is projected to witness growth at a CAGR of 22.3% during the forecast period, with a market size of USD 5.74 million in 2024.

South America MicroRNA Tools and Services Market

According to Cognitive Market Research, the global MicroRNA Tools and Services market size was estimated at USD 351.6 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 17.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil MicroRNA Tools and Services market size was valued at USD 7.52 million in 2024 and is projected to grow at a CAGR of 20.5% during the forecast period. MicroRNA Tools and Services flourished in Brazil due to the government funding.
• Argentina's MicroRNA Tools and Services market had a market share of USD 2.95 million in 2024 and is projected to grow at a CAGR of 20.8% during the forecast period. Argentina's technological innovations.
• Colombia MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 1.56 million in 2024.
• Peru MicroRNA Tools and Services market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 1.44 million in 2024.
• Chile MicroRNA Tools and Services market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 1.27 million in 2024.
• The Rest of Latin America's MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 2.83 million in 2024.

Middle East and Africa MicroRNA Tools and Services Market

According to Cognitive Market Research, the global MicroRNA Tools and Services market size was estimated at USD 351.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 7.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031..

• The GCC Countries MicroRNA Tools and Services market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 3.01 million in 2024. MicroRNA Tools and Services sales flourish due to the improved diagnostic tools.
• The Egypt MicroRNA Tools and Services market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 0.74 million in 2024.
• The South Africa MicroRNA Tools and Services market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 1.11 million in 2024. MicroRNA Tools and Services sales flourish in South Africa due to collaborations and partnerships.
• The Turkey MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 0.60 million in 2024.
• The Nigeria MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 0.74 million in 2024.
• The Rest of MEA MicroRNA Tools and Services market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 0.83 million in 2024.

MicroRNA Tools and Services Market Analysis

MicroRNA Tools and Services Market Solution Segment Analysis

According to Cognitive Market Research, Tools stands out as the dominant category over the projected period. The tools section of the microRNA gear and offerings market is expanding rapidly because of improvements in high-throughput sequencing, PCR technology, and bioinformatics platforms. These innovations beautify the precision and efficiency of miRNA analysis, fueling research throughout genomics and scientific programs. The developing call for correct and comprehensive miRNA profiling drives sizable marketplace growth in this sector.

Services emerges as the fastest-growing category in the MicroRNA Tools and Services market. The services phase of the microRNA equipment and services market is growing due to the growing demand for custom assay improvement, information evaluation, and consulting. These offerings help researchers with the aid of presenting specialised understanding and tailored answers for miRNA studies. As the study's complexity and desires amplify, the point of interest in remarkable, comprehensive assist offerings is driving good good-sized market boom.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of MicroRNA Tools and Services Industry. Request a Free Sample PDF!

MicroRNA Tools and Services Market Technology Segment Analysis

According to Cognitive Market Research, the dominant category is Next-Generation Sequencing (NGS). Next-Generation Sequencing (NGS) is riding a boom in the microRNA equipment and services market because of its capacity to offer high-throughput, exact miRNA profiling. NGS technologies allow a comprehensive analysis of miRNA expression and interactions, enhancing studies' accuracy and depth. The increasing adoption of NGS in genomic research and clinical studies fuels the expansion of this marketplace phase.

The fastest-growing category in the MicroRNA Tools and Services market is RT-qPCR. RT-qPCR is using increase in the microRNA tools and offerings market because of its precision and reliability in quantifying miRNA levels. This era allows for sensitive and accurate size of miRNA expression, making it vital for studies and medical programs. Its great use in gene expression studies and diagnostics supports the expanding call for miRNA evaluation equipment and offerings.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

MicroRNA Tools and Services Application Segment Analysis

MicroRNA Tools and Services Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Cancer. Cancer research is using boom within the microRNA tools and offerings marketplace because of the important position miRNAs play in tumorigenesis and cancer progression. The demand for miRNA analysis gear and services will increase as researchers search for understanding miRNA's capacity as biomarkers and therapeutic targets. This cognizance of cancer underscores the marketplace's enlargement and the want for advanced analytical technologies.

The fastest-growing category in the MicroRNA Tools and Services market is Infectious Diseases. Infectious illnesses are fueling an increase in the microRNA tools and services marketplace as researchers discover miRNAs' roles in pathogen-host interactions and immune responses. The ability of miRNAs as biomarkers and healing targets for sicknesses like COVID-19 and other infections drives demand for superior evaluation tools. This cognizance of infectious illnesses complements the marketplace's enlargement and innovation.

• Cancer
• Infectious Diseases
• Immunological Disorder
• Cardiovascular Disease
• Neurological Disease
• Others

MicroRNA Tools and Services End User Segment Analysis

MicroRNA Tools and Services Market End User Segment Analysis

According to Cognitive Market Research, the dominant category is Biotechnology & Pharmaceutical Companies. Biotechnology and pharmaceutical businesses are riding a boom in the microRNA tools and offerings marketplace through their increasing investment in miRNA research for drug discovery and improvement. Their awareness of leveraging miRNAs as diagnostic and healing goals fuels the demand for advanced analysis tools. This sector's enlargement quickens the improvement of innovative solutions and supports the overall growth of the miRNA marketplace.

The fastest-growing category in the MicroRNA Tools and Services market is Academic & Government Research Institutes. Academic and government studies institutes are boosting the microRNA equipment and offerings market by way of making an investment in fundamental research and advancing miRNA studies. Their emphasis on knowledge of miRNA functions and developing novel applications drives the call for specialized tools and services. This area's dedication to innovation and knowledge enlargement hastens the market boom and helps modern studies in miRNA biology.

• Research laboratories
• Academic & Research Institutions
• Biotechnology And Biochemistry Companies
• Food And Beverage Industries.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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