Albany, NY — 11/07/2017 — Global microRNA market is expected to witness robust growth during the forecast period. This growth is expected to be primarily driven by increasing demand of microRNA re-agents and kits for various applications that could eventually translate into developing innovative therapeutic solutions for various difficult-to-treat illnesses. According to the new report published by Persistence Market Research titled, “MicroRNA Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” which tracks the performance of global microRNA market for the period of eight years, i.e. 2017-2025, the global market is projected to register a CAGR of 7.9% in terms of value during the forecast period. The market is anticipated to be valued at US$ 666.7 Mn by 2025.
Global microRNA market is highly fragmented owing to presence of various companies, especially domestic players creating immense price competition. Thermo Fisher Scientific Inc. is the leader in the global microRNA market in terms of revenue share in 2016 due to a wide product portfolio. Thermo Fisher Scientific Inc. grabbed major market share as it offers both miRNA reagents and the hardware required for carrying out theses assays. Thermo Fisher Scientific Inc. also offers microRNA products specifically catering to the animal health and agriculture segment. Hence its wide product range catering to different end-users makes it a market leader in the microRNA market.
Illumina Inc., takes second position in the global microRNA market. The company has microarray kits and library preparation kits for miRNA. Moreover, NGS of miRNAs is coming into wider use and provides unmatched efficacy in discovering and detecting miRNA. Agilent Technologies, Inc. follows Illumina Inc. with a market share of 7.5%. The company manufactures microarrays and has recently developed a new application for studying miRNAs by combining miRNA method with SurePrint inkjet synthesis technology.
Global MicroRNA Market: Forecast by Region
Five regions have covered in this report such as North America, Latin America, Europe, APAC and MEA. North America is the largest region in microRNA market, which is estimated to represent US$ 140.3 Mn, or 38.7% share of the total market in 2017 and is projected to reach to US$ 245.9 Mn, or 36.9%, expanding at CAGR of 7.3% over the forecast period of 2017–2025. Europe is expected to be the second most lucrative market, with attractiveness index of 1.3 during the forecast period.
Global MicroRNA Market: Key Players
Some of the key players operating in the global microRNA market are Illumina, Inc., F. Hoffmann-La Roche Ltd., Agilent Technologies, Bio-Rad Laboratories Inc.,Sigma Aldrich Corp., Qiagen N.V, Thermo Fisher Scientific, Inc., HTG Molecular Diagnostics, Inc., Bioline GmbH (A Meridian Life Science Company), Rosetta Genomics Ltd., Dharmacon, a Horizon Discovery Group Co., BioVendor — Laboratorní medicína a.s., Miltenyi Biotec, Kaneka Corporation (Eurogentec), Abcam Plc, GeneCopoeia, Inc., Promega Corporation, New England Biolabs, Inc., NanoString Technologies, Inc., and System Biosciences LLC.
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