MicroRNA (miRNA) is a small non-coding RNA molecule (containing about 22 nucleotides) that functions in RNA silencing and post-transcriptional regulation of gene expression. miRNAs are thought to regulate the expression of approximately 30% of all protein-coding genes.
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Key Trends
One of the key trends in microRNA technology is the development of methods for microRNA detection and quantification. Currently, there are a number of methods available for microRNA detection, including qRT-PCR, northern blotting, and in situ hybridization.
Another key trend in microRNA technology is the development of methods for microRNA target identification. Currently, there are a number of methods available for microRNA target identification, including in silico prediction, luciferase reporter assays, and western blotting. However, each of these methods has its own advantages and disadvantages
Finally, another key trend in microRNA technology is the development of methods for microRNA therapeutics. Currently, there are a number of methods available for microRNA therapeutics, including antisense oligonucleotides, small interfering RNAs, and microRNA inhibitors
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Key Drivers
The increasing prevalence of cancer is the major factor driving the growth of the miRNA market. The increasing incidence of cancer is attributable to the growing aging population and the associated risk factors, such as tobacco use, unhealthy diets, and sedentary lifestyles.
The growing body of evidence demonstrating the role of miRNAs in disease pathogenesis is another key driver of the miRNA market. miRNAs are dysregulated in a number of diseases, including cancer, making them attractive targets for therapeutic intervention.
The development of new miRNA-based therapeutics is another key driver of the miRNA market. In recent years, a number of companies have invested in the development of miRNA-based therapeutics for the treatment of cancer and other diseases.
Restraints & Challenges
The key restraints and challenges in the microRNA market are the lack of awareness among researchers and the lack of standardization in microRNA detection methods.
There is also a lack of commercial microRNA products and services, which limits the market growth.
In addition, the high cost of microRNA research and the lack of reimbursement for microRNA-based diagnostic tests are the other major challenges in the microRNA market.
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Market Segments
The microRNA market is segmented by application, end-use, and region. By application, the market is classified into cancer, infectious diseases, and others. Based on end-use, it is bifurcated into biotechnology companies, pharmaceutical companies, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global microRNA market includes players such as Merck KGaA, Thermo Fisher Scientific Inc, Horizon Discovery Ltd, Synlogic, Qiagen, GeneCopoeia Inc, New England Biolabs, Quantabio, NanoString, BioGenex, and others.
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