NGS-based RNA-seq Market Overview:
With the introduction of next-generation sequencing technology, demand has increased dramatically worldwide. It is widely used in conventional and non-conventional applications to obtain advanced and complete information at the genomic level. The growing demand for advanced diagnostics based on sequencing has created the demand for new security technologies as a result, devices such as high-performance sequencers and robust portable units have increased significantly.
NGS-based RNA-seq Market Drivers and Restraints:
The demand for RNA-seq based on NGS is increasing due to a variety of factors, including technological advances in RNA-based products, the benefits of RNA technology over the microarray, the rapid growth of research as expected, the growing number of grants and a significant demand for precision medicine. The increasing technological advances in the biotechnology also drive demand in the global NGS-based RNA-seq market around the world.
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NGS-based RNA-seq Market Size
According to our report, The Global NGS-based RNA-seq Market value was 0.89 billion USD in 2017 and the value is predicted to reach 2 billion USD by 2022 growing at a significant CAGR of 19.7% during 2018 to 2022.
NGS-based RNA-seq Market Geographical Analysis:
In terms of geography, the key regions of the report are North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. Of these, North America is expected to dominate the market due to the presence of key market players and a well-established computer network. In addition, favorable regulatory policies for the use and approval of genetic tests, the growing number of genomic tests approved by the FDA in the USA has increased the demand in this market even more.
On the other hand, Asia Pacific should create lucrative opportunities for this market. Increasing government initiatives to provide better public health facilities and investing huge amounts of money in advanced diagnostic approaches are the key factors driving the demand for RNA-seq based on NGS. Around the world, key players are also interested in investing in emerging economies in the Asia-Pacific region. By investing huge sums in this market in the region, they will position themselves better and can develop their activities.
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Some of the Prominent Players Covered in this NGS-based RNA-seq Market report are:
The competition among the key players in the market is likely to increase in the coming years with an aim to get a stronger hold in the market. the report focuses on companies like Illumina, Inc., Roche Holding AG, QIAGEN N. V., Thermo Fisher Scientific Inc., PerkinElmer, Inc., BGI, Oxford Nanopore Technologies, Ltd., Pacific Biosciences of California, Inc., Agilent Technologies, Inc., Macrogen, Inc., and GATC Biotech AG players that are functional in the global NGS-based RNA-seq market.
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