Transcriptomics Technologies Market (Microarrays, PCR, Gene Regulation and Next Generation Sequencing) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
Albany, NY -- (SBWIRE) -- 01/13/2015 -- U.S.-based intelligence firm, Transparency Market Research (TMR) recently published a report titled, "Transcriptomics Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019". This extensively researched report states, the global transcriptomics technologies market was valued US$1.65 billion in 2012, and is expected to reach a value of US$4.6 billion 2019 growing at a CAGR of 15.9% from 2013 to 2019. This global transcriptomics technologies market research report gives an in-depth insight into gene regulation mechanisms and gene expression in both, normal and diseased cells. The report is also a valuable tool in determining the never-seen-before gene sequences and subsequent drug targets.
Transcriptomics is the study of transcriptome, the complete set of RNA transcripts given by a genome under a given circumstance or an individual cell under throughput methods such as microarray analysis. The global transcriptomics technologies market has witnessed an upward trend in the recent past due to the growing need for companion diagnostics and personalized medicine. The transcriptomics technologies industry uses theoretical and empirical understandings from both, biotechnology and pharmaceutical industry to support its medical and healthcare medical research projects. The important factors contributing to the growth of global transcriptomics technologies market are increased spending on research and development on healthcare projects by biotechnology and pharmaceutical companies and technological advancements. Additionally, the ongoing attempts at discovering novel gene sequences and biomarkers will fuel the growth and adoption of transcriptomics technologies across the world.
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The global transcriptomics technologies market also faces some stifling restraints such as poor quality of bioinformatics tools used in transcriptome analysis, negligible awareness about genomic medicine, and lack of domain expertise. However, expert industry analysts suggest, increasing investments in research by biotechnology and pharmaceutical companies for targeted therapeutics is a lucrative opportunity for the global transcriptomics technologies market. The ongoing contract research outsourcing trend will prove to be extremely resourceful for commercialization of global transcriptomics technologies market in the coming years.
The global transcriptomics technologies market has been segmented on the basis of technology, application and geography. The technological segmentation is made on the basis of microarrays, polymerase chain reaction (PCR), gene regulation technologies, and next generation sequencing (NGS). The segmentation made on the application includes clinical diagnostics, drug discovery and research, bioinformatics, and comparative transcriptomics studies. In terms of geography, the segmentation is seen through regions such as North America, Europe, Asia Pacific and Rest of the World.
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In the forecasted period, Asia Pacific is expected to see growth in the transcriptomics technologies market at a remarkable pace due to large population base and vendors looking at this region at from a manufacturing point of view. Some of the important players profiled in the global transcriptomics technologies market research report are Affymetrix, Inc., Thermo Fisher Scientific., Agilent Technologies, Inc., F-Hoffmann La Roche Ltd., Illumina, Inc., and Life Technologies Corporation.
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