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The Complete PDF Guide To MiRNA Sequencing and Assay Market
MiRNA Sequencing and Assay Market
The miRNA sequencing and assay market is expected to reach US$ 468.99 million by 2027 from US$ 192.31 million in 2019; it is estimated to grow at a CAGR of 11.9% from 2020 to 2027.
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miRNA is a small non-coding RNA molecule of 20-30-nucleotide length, and it plays an important role in gene regulation. As it is partially complementary to messenger RNA (mRNA), it serves a major function of down-regulating the gene expression, which makes it a key controller of important cellular functions. miRNAs are associated with pathological processes such as viral infections, autoimmune diseases, and carcinogenesis. Thus, extensive research is being conducted to identify new miRNAs. The growth of the miRNA sequencing and assay market is mainly attributed to the factors such widening range of miRNA applications and rise in funding for genomics research. However, challenges related to delivery, efficacy, and specificity of miRNA-based therapeutics is projected to deter the market growth.
Based on product, the consumables segment held a larger share of the market in 2019, whereas the library preparation segment is expected to register a higher CAGR during the forecast period. A significant demand for library preparation kits in the library construction applications owing to their capability to shorten the RNA fragmentation process, and increasing research activities pertaining to complex life sciences process are the key factors contributing to the growth of the market for the library preparation kits segment. Also, rising demand for custom miRNA panels is likely to propel the growth of the segment during the forecast period. Moreover, technological advancements in NGS techniques are driving the growth of the segment.
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