Transcriptomics Technologies Market size was over USD 6.97 billion in 2024 and is poised to exceed USD 16 billion by 2037, growing at over 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of transcriptomics technologies is evaluated at USD 7.34 billion. It is anticipated that companies in the worldwide market would have abundant growth prospects due to the rising incidence of cancer. The American Cancer Society projects that in 2019, there will be 606,880 cancer-related deaths in the United States and 1,762,450 new instances of cancer identified.
In addition to these, the ongoing enhancement of the healthcare infrastructure and the growing investments in research & development are giving the market a significant boost in growth. The necessity for drug research and development is underscored by the global incidence of diseases including diabetes, hepatitis B, and cancer, which is also a major factor propelling the transcriptomics technologies market.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
6.6% |
Base Year Market Size (2024) |
USD 6.97 billion |
Forecast Year Market Size (2037) |
USD 16 billion |
Regional Scope |
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Technology (Microarrays, Gene Regulations Technologies, Polymerase Chain Reaction, Next-Generation Sequencing)
Based on technology, next-generation sequencing segment in the transcriptomics technologies market is anticipated to hold 40% of the revenue share during the forecast period. Higher sensitivity to identify low-frequency variants, quicker turnaround times for large sample volumes, increased throughput with sample multiplexing, and the capacity to sequence hundreds to thousands of genes or gene regions at once are among the advantages provided by next-generation sequencing techniques. Furthermore, the segment's growth is being driven by the rapid advancements in technology that allow for the investigation of the cellular transcriptome from several perspectives, the expansion of NGS's application areas, and the growing outsourcing of sequencing technologies. There is now a significant amount of sequencing data available at a reasonable cost because to recent advancements in next-generation sequencing technologies. Studies on transcriptomics and genomes have been transformed by it. Global total revenues were estimated to be 4.2 billion dollars in 2016, and estimates indicate that by 2025, this figure will rise to around 23 billion dollars.
Application (Clinical, Diagnostics, Toxicogenomic, Comparative Transcriptomics Studies, Drug Discovery & Research, Bioinformatics)
Based on application, drug discovery & research segment in the transcriptomics technologies market is anticipated to hold 30% of the revenue share during the forecast period. Segment is anticipated to stay in the lead during the projection period due to a growth in the number of product approvals and a rise in the demand for medication research. Growing private and public funding for research, along with R&D investments by pharmaceutical and biotechnology companies, are anticipated to drive industry growth because of the rigorous genomics and proteomics R&D initiatives and the application of RNA sequencing technologies in analytical research. For instance, the publication states that genome-based detection rates for several Mendelian illnesses will reach a ceiling of roughly 50% in 2021.
Our in-depth analysis of the global transcriptomics technologies market includes the following segments:
Product Type |
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Technology |
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Application |
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End Use |
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North American Market Forecast
Transcriptomics technologies market in North America region is predicted to hold largest revenue share of about 33% during the forecast period. The growth of the market is due to the rise in technological advancements and the expansion of drug discovery practices within the healthcare industry. The market expansion in North America is propelled by the existence of prominent industry participants such as Agilent Technologies and Thermo Fisher Scientific. The market for transcriptomics is being driven in North America by the increasing number of people suffering from infectious diseases, chronic illnesses, and cancer, as well as the growing need for innovative therapeutic options in research, diagnostics, and synthetic biology. According to CDC estimates, six out of ten persons in the US presently suffer from a chronic illness like diabetes, heart disease, or cancer. Heart disease and cancer combined account for around 38% of all deaths in the United States, making chronic diseases one of the main causes of death.
APAC Market Statistics
Transcriptomics technologies market in Asia Pacific region is projected to hold second largest revenue share of about 27% during the forecast period. Transcriptomics is a rapidly expanding market in the APAC due to the rising demand for RNA-based NGS. Moreover, because of the technical advancements in biotechnology and pharmaceuticals in emerging countries like China and India, the transcriptomics technologies market in the Asia Pacific region is anticipated to rise over the forecast period.
Author Credits: Radhika Pawar
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