Global NGS-based RNA-seq Market By Product Type, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast (2024 - 2031)

The "NGS-based RNA-seq Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The NGS-based RNA-seq market is anticipated to grow at an annual rate of 4.9% from 2024 to 2031.

This entire report is of 198 pages.

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NGS-based RNA-seq Market Outlook and Report Coverage 

NGS-based RNA-seq technology has significantly transformed the landscape of gene expression analysis, offering high-throughput and accurate sequencing of RNA molecules. This cutting-edge technology provides unparalleled insights into gene regulation, alternative splicing, and gene fusion events, revolutionizing the field of transcriptomics. With its versatility and robust performance, NGS-based RNA-seq has become increasingly adopted in research, clinical diagnostics, and pharmaceutical development.

Market research indicates a substantial growth trajectory for the NGS-based RNA-seq market, driven by increasing demand for personalized medicine, advancements in sequencing technologies, and the expansion of genomics research. The market is projected to witness steady growth in the coming years, propelled by the rising adoption of NGS-based RNA-seq in diverse applications across various industries.

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Market Trends influencing the NGS-based RNA-seq market 

- Single-cell RNA sequencing: Increasing demand for single-cell RNA sequencing technology to study cell heterogeneity and gene expression at the individual cell level.

- Long-read sequencing: Adoption of long-read sequencing technologies for improved transcript isoform detection and analysis.

- Bioinformatics solutions: Growth of bioinformatics tools and platforms to handle the large data sets generated by RNA-seq experiments.

- Integration with multi-omics data: Rising interest in integrating RNA-seq data with other omics data such as DNA sequencing and proteomics for comprehensive molecular profiling.

- Industry partnerships: Collaborations between NGS companies and biopharmaceutical companies for developing novel RNA-seq applications.

These trends suggest strong market growth in the NGS-based RNA-seq market as researchers continue to invest in advanced technologies and tools for transcriptomic analysis.

NGS-based RNA-seq Market Key Companies & Share Insights 

NGS-based RNA-seq is a powerful technology used for transcriptome analysis and gene expression profiling. Market leaders such as Illumina, Thermo Fisher Scientific, and Pacific Biosciences of California offer high-quality sequencing platforms and analysis tools for RNA-seq. These companies have established a strong presence in the market and have extensive experience in providing solutions for RNA-seq applications.

New entrants such as Oxford Nanopore Technologies and Eurofins Scientific are also making significant advancements in the NGS-based RNA-seq market with their innovative technologies and services. These companies offer unique solutions that can help drive the growth of the RNA-seq market by providing researchers with more options for sequencing and analyzing RNA samples. Overall, the contribution of all these companies in developing and optimizing RNA-seq technology plays a crucial role in advancing research in genomics and personalized medicine.

• Illumina
• Thermo Fisher Scientific
• Pacific Biosciences Of California
• Qaigen
• F. Hoffmann-La Roche
• Agilent Technologies
• Oxford Nanopore Technologies
• Perkinelmer
• Eurofins Scientific
• Gatc Biotech
• Macrogen

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Market Segmentation 2024 to 2031:

 In terms of Product Type, the NGS-based RNA-seq market is segmented into:

• High-Throughput Sequencing
• Third-Generation Sequencing Technology

High-Throughput Sequencing is a commonly used method for RNA-seq, allowing for fast and efficient processing of large amounts of data. Third-Generation Sequencing Technology enables long-read sequencing, providing greater accuracy and depth in RNA-seq analysis. These advancements in NGS-based RNA-seq technology have significantly boosted the demand in the market by offering researchers higher throughput, increased efficiency, and improved data quality. By allowing for more comprehensive and reliable RNA sequencing, these technologies have revolutionized the field of genomics and are driving the growth of the NGS-based RNA-seq market.

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In terms of Product Application, the NGS-based RNA-seq market is segmented into:

• Hospitals and Clinics
• Biopharma Companies
• Government Agencies
• Academic and Research Organizations
• Other

NGS-based RNA-seq is widely used in hospitals and clinics for diagnosing diseases, monitoring treatment response, and identifying potential drug targets. Biopharma companies utilize RNA-seq for drug discovery, personalized medicine, and biomarker discovery. Government agencies use RNA-seq for population studies and public health surveillance. Academic and research organizations employ RNA-seq for basic research, gene expression analysis, and understanding disease mechanisms. Other applications include agriculture, forensic science, and environmental studies. Among these, the fastest growing application segment in terms of revenue is biopharma companies due to the increasing demand for personalized medicine and targeted therapeutics.

Regional Analysis of NGS-based RNA-seq Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The NGS-based RNA-seq market is witnessing significant growth across various regions. In North America, the United States and Canada are leading the market with a strong presence of key players. In Europe, countries like Germany, France, the ., Italy, and Russia are expected to dominate the market due to increasing research activities. In Asia-Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are anticipated to witness substantial growth. Latin American countries such as Mexico, Brazil, Argentina, and Colombia are also showing steady growth. In the Middle East & Africa, Turkey, Saudi Arabia, UAE, and Korea are emerging as key markets. North America is expected to dominate the market with a market share of around 40%, followed by Europe with 30% market share. Asia-Pacific is anticipated to account for around 20% of the market share, while Latin America and Middle East & Africa are projected to have a combined market share of 10%.

Key Drivers and Barriers in the NGS-based RNA-seq Market 

Key drivers of growth in the NGS-based RNA-seq market include increasing demand for personalized medicine, advancements in bioinformatics tools, and expanding applications in fields such as oncology, agriculture, and microbiology. To overcome challenges such as high costs, complex data analysis, and standardization issues, innovative solutions like automation of workflows, development of user-friendly software, and integration of NGS with other omics technologies are being implemented. Additionally, strategic collaborations between industry players and research institutions are driving innovation and adoption of NGS-based RNA-seq technologies, further contributing to market growth.

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