PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420377
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420377
The global microRNA market is experiencing significant growth and transformation, characterized by intense competition among various companies, including domestic players, which has led to a highly fragmented landscape. Thermo Fisher Scientific Inc. claimed the top position in the global microRNA market in 2016, commanding a substantial share of revenue due to its extensive product portfolio.
Market Leader with Comprehensive Solutions
Thermo Fisher Scientific Inc. has secured a substantial market share by offering a wide range of miRNA reagents and the essential hardware for conducting miRNA assays. Additionally, the company has introduced microRNA products tailored to the animal health and agriculture sector, further solidifying its position as a market leader.
Illumina Inc. and NGS Advancements
Illumina Inc. holds the second position in the global microRNA market, driven by its microarray kits and library preparation kits for miRNA analysis. The increasing adoption of Next-Generation Sequencing (NGS) for miRNA research has bolstered Illumina's market presence, offering unmatched efficacy in discovering and detecting miRNA molecules.
Agilent Technologies, Inc. Innovates
Agilent Technologies, Inc. follows closely behind Illumina Inc. with a market share of 7.5%. The company manufactures microarrays and has recently introduced an innovative application for studying miRNAs by combining the miRNA methodology with SurePrint inkjet synthesis technology.
PCR Technologies Advancing Precision
Diversified Product Offerings for Industry Verticals
To gain a competitive edge, companies are diversifying their product offerings to cater to different industry verticals. The life sciences and biotechnology sector, once dominated by North America and Europe, is experiencing a shift towards Asia Pacific, with countries like India attracting outsourcing of biotech projects. Initiatives by governments to support domestic biotechnology industries are further driving this trend.
PCR Based Arrays Lead the Way
PCR-based arrays segment has dominated the global microRNA market in terms of revenue, with a projected continuation of this trend. This segment is expected to be the most lucrative among all end-users, with an attractiveness index of 1.6. Additionally, next-generation sequencing is gaining traction, representing a significant portion of the market and poised to expand at a CAGR of 8.1% over the forecast period.
Market Segmentation
Assay Type
Fluorescent Assays
Colorimetric Assays
Chemiluminescent Assays
Application
End User
Region