Europe miRNA Sequencing and Assay Market Growth Opportunities and Forecast by 2027
Europe miRNA Sequencing and Assay Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Library Preparation and Consumables), Technology (Sequencing by Synthesis, Nanopore, and Ion Semiconductor Sequencing), and End User (Research Institute, Academia, and CRO)
- Status : Published
- Report Code : TIPRE00022148
- Category : Life Sciences
- No. of Pages : 120
- Available Report Formats :
- Last update date : May 07, 2021
2019 Market Size
US$ 62.30 Mn
Base year value
2027 Forecast
US$ 144.87 Mn
Projected by 2027
CAGR 2020-2027
11.3 %
Growth rate
Addressable Market
US$ 831.37 Mn
(2020-2027)
The Europe miRNA sequencing and assay market is expected to reach US$ 144.87 million by 2027 from US$ 62.30 million in 2019; it is estimated to grow at a CAGR of 11.3% from 2020 to 2027.
The widening application range of microRNAs and rise in funding for genomics research. However, challenges associated with the delivery, efficacy, and specificity of miRNA-based therapeutics hinder the market growth.
MicroRNAs (miRNAs) are noncoding RNAs that are partially complementary to messenger RNA (mRNA). They are known to downregulate the expression, which makes them vital regulators of important cellular functions. Being involved in the process of differentiation, they act as markers in cell type identification. miRNAs are associated with pathological processes such as viral infections, autoimmune diseases, and carcinogenesis. Thus, extensive research is being conducted to identify new miRNAs. Furthermore, new discoveries regarding the role of miRNAs in disease development have made them a key target of novel therapeutic approaches. Several miRNA-targeted therapeutics against the diseases such as cancer and hepatitis have reached the clinical phase. For instance, Santaris Pharma has developed a therapeutic molecule named Miravirsen that targets miR-122 for the treatment of hepatitis C virus (HCV) infection; the molecule is in the Phase II clinical trial. Therefore, rise in funding of genomic research to identify new molecules to diagnose and treat diseases, and consequent expansion of the range of applications of miRNAs are driving the growth of the miRNA sequencing and assay market in Europe.
The COVID-19 pandemic has been having some serious effects on European countries. The miRNA sequencing and assay market in the region witnessed shortfall at the beginning of the pandemic crisis due to disruptions in supply chain and lowered demands due to lockdown imposed by many European countries. However, later, the demand for the miRNA sequencing and assay products increased drastically with supportive government initiatives. Many private research organizations have expanded their research teams and projects to accelerate studies related to SARS-CoV-2. For instance, QIAGEN, Germany, a pioneer in next-generation sequencing (NGS), has expanded its integrated coronavirus next-generation sequencing platforms and software solutions to accelerate COVID-19 research. Hence, the COVID-19 pandemic has been supporting the Europe miRNA sequencing and assay market growth.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe miRNA Sequencing and Assay Market Segmentation
By Product
- Library Preparation
- Consumables
By Technology
- Sequencing by Synthesis
- Nanopore
- Ion Semiconductor Sequencing
By End User
- Research Institute
- Academia
- CRO
By Country
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- Illumina, Inc
- THERMO FISHER SCIENTIFIC INC.
- QIAGEN
- Perkin Elmer, Inc.
- Takara Bio Inc.
- New England Biolabs
- Norgen Biotek Corp
- TriLink BioTechnologies Inc.
- Lexogen GmbH
- Oxford Nanopore Technologies
Europe miRNA Sequencing and Assay Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 62.30 Million |
| Market Size by 2027 | US$ 144.87 Million |
| CAGR (2020 - 2027) | 11.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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