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Global NGS-based RNA-sequencing Market to reach USD 8.77 billion by 2028.

Global NGS-based RNA-sequencing Market to reach USD 8.77 billion by 2028.

Product Code: HLSB-84375801
Publish Date: 23-03-2022
Page: 200

Global NGS-based RNA-sequencing Market is valued approximately USD 2.45 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 20.0% over the forecast period 2022-2028.

RNA sequencing (RNA-Seq) is a high throughput next-generation sequencing method that is used to identify and quantify the RNA present in a biological sample in the present time. The NGS presents a wide range and compassion for improved detection of varyingly expressed genes with quantifiable data. This method is highly used in both non-conventional and conventional applications for obtaining advanced and inclusive insights at a genomic level. The rising number of RNA-Seq grants, the high characteristics of RNA-Seq over conventional technologies, coupled with the growing demand for precision medicine are the primary factors that may accelerate the market growth across the globe. In addition, increasing research and development activities including RNA-seq, coupled with the rising number of strategic actions such as mergers, acquisitions, strengthening product portfolio, etc. by the leading market players are the further factors that may propel the market demand in the near future. For instance, in November 2018, Illumina acquired Pacific Biosciences- a leading provider of sequencing systems with the aim of expanding the company’s sequencing product portfolio. Also, in May 2019, GenomiQa and BGI Group entered into the services agreement for overall-genome sequencing on BGI’s DNBseqTM sequencing technology platform for using BGI’s ISO15189 accredited laboratory sequencing facilities by the genomiQa. However, the lack of skilled professionals and standardization concerns of RNA-seq in diagnostic testing impedes the growth of the market over the forecast period of 2022-2028. Also, increasing applications of RNA-Seq in research and rising investment in R&D are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global NGS-based RNA-sequencing market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to technological developments in RNA-Seq products and the huge presence of major market players such as Thermo Fisher, Illumina, and Agilent Technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as increasing incidences of target diseases, as well as government support by providing funds for genomics research, would create lucrative growth prospects for the NGS-based RNA-sequencing market across the Asia-Pacific region.

Major market players included in this report are:
Thermo Fisher Scientific Inc.
Illumina Inc.
Pacific Biosciences of California, Inc.
F. Hoffman-La Roche Ltd
Agilent Technologies Inc.
BGI Group
Oxford Nanopre Technologies Ltd.
Eurofins Scientific Company
Qiagen Company
Perkinelmer Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Service:
Sample Preparation Products
Sequencing Platforms & Consumables
Sequencing Services
Data Analysis, Storage, & Management
By Technology:
Sequencing by Synthesis
Ion Semiconductor Sequencing
Single-molecule Real-time Sequencing
Nanopore Sequencing
By Application:
Expression Profiling Analysis
Small RNA Sequencing
De Novo Transcriptome Assembly
Variant Calling & Transcriptome Epigenetics
By End User:
Research & Academia
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Other End Users
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global NGS-based RNA-sequencing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global NGS-based RNA-sequencing Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global NGS-based RNA-sequencing Market, by Product & Service, 2020-2028 (USD Billion)
1.2.3. Global NGS-based RNA-sequencing Market, by Technology, 2020-2028 (USD Billion)
1.2.4. Global NGS-based RNA-sequencing Market, by Application, 2020-2028 (USD Billion)
1.2.5. Global NGS-based RNA-sequencing Market, by End User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global NGS-based RNA-sequencing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global NGS-based RNA-sequencing Market Dynamics
3.1. NGS-based RNA-sequencing Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing number of RNA-Seq grants Increasing development in precision medicine
3.1.2. Market Challenges Lack of skilled professionals Standardization concerns of RNA-seq in diagnostic testing
3.1.3. Market Opportunities Increasing applications of RNA-Seq in research Rising investment in R&D
Chapter 4. Global NGS-based RNA-sequencing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global NGS-based RNA-sequencing Market, by Product & Service
6.1. Market Snapshot
6.2. Global NGS-based RNA-sequencing Market by Product & Service, Performance – Potential Analysis
6.3. Global NGS-based RNA-sequencing Market Estimates & Forecasts by Product & Service 2019-2028 (USD Billion)
6.4. NGS-based RNA-sequencing Market, Sub Segment Analysis
6.4.1. Sample Preparation Products
6.4.2. Sequencing Platforms & Consumables
6.4.3. Sequencing Services
6.4.4. Data Analysis, Storage, & Management
Chapter 7. Global NGS-based RNA-sequencing Market, by Technology
7.1. Market Snapshot
7.2. Global NGS-based RNA-sequencing Market by Technology, Performance – Potential Analysis
7.3. Global NGS-based RNA-sequencing Market Estimates & Forecasts by Technology 2019-2028 (USD Billion)
7.4. NGS-based RNA-sequencing Market, Sub Segment Analysis
7.4.1. Sequencing by Synthesis
7.4.2. Ion Semiconductor Sequencing
7.4.3. Single-molecule Real-time Sequencing
7.4.4. Nanopore Sequencing
Chapter 8. Global NGS-based RNA-sequencing Market, by Application
8.1. Market Snapshot
8.2. Global NGS-based RNA-sequencing Market by Application, Performance – Potential Analysis
8.3. Global NGS-based RNA-sequencing Market Estimates & Forecasts by Application 2019-2028 (USD Billion)
8.4. NGS-based RNA-sequencing Market, Sub Segment Analysis
8.4.1. Expression Profiling Analysis
8.4.2. Small RNA Sequencing
8.4.3. De Novo Transcriptome Assembly
8.4.4. Variant Calling & Transcriptome Epigenetics
Chapter 9. Global NGS-based RNA-sequencing Market, by End User
9.1. Market Snapshot
9.2. Global NGS-based RNA-sequencing Market by End User, Performance – Potential Analysis
9.3. Global NGS-based RNA-sequencing Market Estimates & Forecasts by End User 2019-2028 (USD Billion)
9.4. NGS-based RNA-sequencing Market, Sub Segment Analysis
9.4.1. Research & Academia
9.4.2. Hospitals & Clinics
9.4.3. Pharmaceutical & Biotechnology Companies
9.4.4. Other End Users
Chapter 10. Global NGS-based RNA-sequencing Market, Regional Analysis
10.1. NGS-based RNA-sequencing Market, Regional Market Snapshot
10.2. North America NGS-based RNA-sequencing Market
10.2.1. U.S. NGS-based RNA-sequencing Market Product & Service estimates & forecasts, 2019-2028 Technology estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028 End User estimates & forecasts, 2019-2028
10.2.2. Canada NGS-based RNA-sequencing Market
10.3. Europe NGS-based RNA-sequencing Market Snapshot
10.3.1. U.K. NGS-based RNA-sequencing Market
10.3.2. Germany NGS-based RNA-sequencing Market
10.3.3. France NGS-based RNA-sequencing Market
10.3.4. Spain NGS-based RNA-sequencing Market
10.3.5. Italy NGS-based RNA-sequencing Market
10.3.6. Rest of Europe NGS-based RNA-sequencing Market
10.4. Asia-Pacific NGS-based RNA-sequencing Market Snapshot
10.4.1. China NGS-based RNA-sequencing Market
10.4.2. India NGS-based RNA-sequencing Market
10.4.3. Japan NGS-based RNA-sequencing Market
10.4.4. Australia NGS-based RNA-sequencing Market
10.4.5. South Korea NGS-based RNA-sequencing Market
10.4.6. Rest of Asia Pacific NGS-based RNA-sequencing Market
10.5. Latin America NGS-based RNA-sequencing Market Snapshot
10.5.1. Brazil NGS-based RNA-sequencing Market
10.5.2. Mexico NGS-based RNA-sequencing Market
10.6. Rest of The World NGS-based RNA-sequencing Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Thermo Fisher Scientific Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Illumina Inc.
11.2.3. Pacific Biosciences of California, Inc.
11.2.4. F. Hoffman-La Roche Ltd
11.2.5. Agilent Technologies Inc.
11.2.6. BGI’Group
11.2.7. Oxford Nanopre Technologies Ltd.
11.2.8. Eurofins Scientific Company
11.2.9. Qiagen Company
11.2.10. Perkinelmer Inc.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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