The global RNA analysis market size is anticipated to reach USD 25.48 billion by 2028, expanding at a CAGR of 13.44% over the forecast period, according to a new report by Grand View Research, Inc. Technological advancements in this market can be attributed to the increasing applications of transcriptome sequencing into life science for capturing polyadenylated RNA. For instance, in July 2021, a Lithuanian team is developing a droplet-based technique for simultaneous mRNA and microRNA capture and sequencing in a single cell. The research is backed by European Union with USD 174,000 Horizon 2020 research grant.
Such initiatives are anticipated to accelerate market growth in the near future. Ribonucleic acid transcriptome analysis enables the researchers to analyze the position of genes as well as the functional patterns of a specific gene in an organism. The method assists in evaluating every transcript’s changing behavior at the development stage and assesses all the elements of a transcript, including messenger ribonucleic acid, non-coding ribonucleic acid, and micro ribonucleic acid, for identifying the transcriptional structure of genes.
The growing need for analyzing a huge number of genes to understand the gene-to-drug interactions is anticipated to enhance the application of transcriptomics technologies in discovery applications and drug development. For instance, transcriptome profiles of COVID-19 patients have been analyzed to examine the disease prognosis and management. Collaborations between research institutes for the use of transcriptomics in various applications would drive market growth.
For instance, in October 2021, National Cancer Institute and Caris Precision Oncology Alliance collaborated for medicine research initiatives. As a part of the partnership, Caris will offer detailed molecular insights across RNA (transcriptome), DNA (genome), and protein (proteome). North America was the top revenue-generating region in 2020 owing to the high investments in pharmaceutical and biotechnology research by corporations.
For instance, in September 2021, Illumina invested in seven genomics-based startups as part of the international accelerator program. This program will give startups access to Illumina’s lab space, sequencing systems, and reagents. Asia Pacific is projected to register the fastest CAGR from 2021 to 2028 owing to the low-cost manufacturing services in the region that provide lucrative growth opportunities for the manufacturers.
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