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miRNA Tools and Services Market by Product [Research Tools (Kits, Reagents, and Other Consumables) and Services (miRNA Extraction Services, Quantification Services, Microarray Services, Sequencing Services, Functional Studies Services, and Others)], Technology [Extraction Tools, qRT-PCR, NGS, Microarray, Functional Analysis Tools and Others], and End User (Research & Academic Institutes; IVD, Pharma & Biotech Companies; and CROs) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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Pages: 159
Apr 2017 | 1937 Views
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Author's : Deepa Tatkare
Tables: 37
Charts: 39
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miRNA Tools and Services Market Overview:

miRNA Tools and Services Market was valued at $146 million in 2015 and is expected to garner $620 million by 2022, registering a CAGR of 23.4% during the forecast period 2016 - 2022.

MicroRNAs are a class of non-coding RNAs that play a major role in regulating gene expressions. These molecules work at the post-transcription level and modify the expression of around 30% of all mammalian protein-encoding genes. The market is expected to witness significant growth owing to the rise in incidence of cancer and cardiovascular diseases. Moreover, use of bioinformatics and technologically advanced systems (such as NGS) are set to drive the market growth and the potential of miRNAs to act as candidates for diagnostic biomarkers are anticipated to further contribute to the demand for miRNA globally. However, the challenges related to quantification and the development of in-house miRNA research tools such as microarrays are expected to impede the market growth.

Cancer is the leading cause of death in Canada and accounts for almost 30% of the total deaths. According to GLOBOCAN estimates, in Mexico, approximately 196,737 new cases of cancer were diagnosed in 2015. This number is further expected to increase to 246,802 by 2025. In addition, according to American Cancer Society (ACS), cancer accounts for nearly one out of every four deaths in the U.S. According to GLOBOCAN, in 2012, there were nearly 1,604 new cases of cancer per 100,000. The overall age standardized cancer incidence rate for the same year is almost 5.9% higher in men than in women, with rates of 825 and 779 per 100,000, respectively. Hence there is a pressing need for the cancer detection and diagnosis technology, which in turn is expected to stimulate the market for miRNA.

Estimated Number of People Living With Cancer

Estimated Number of People Living With Cancer

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Asia-Pacific possesses high market potential, owing to the rise in incidence of chronic disorders and increase in researches undertaken to explore the role of microRNAs in the development, treatment, and diagnosis such as cancer. For instance, in May 2015, Researchers from Agency for Science, Technology, and Research (A*STAR) Bioprocessing Technology Institute and the National University of Singapore developed an algorithm and miRNA detection technology for diagnosing cancer non-invasively. The test involves detecting microRNAs (which indicates the presence of tumors) from a few drops of blood, thus making them an excellent biomarker of the disease. Therefore, the aforementioned factors are expected to upsurge the demand for miRNA in the region.

Indonesia: miRNA Tools and Services Market ($Million), 2014-2022

Indonesia miRNA Tools and Services Market

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Moreover, research funding granted by various organizations for miRNA research has also contributed to the market growth. For instance, on January 12 2017, Damon Runyon Cancer Research Foundation (U.S.) granted fellowship to 16 scientists for supporting translational cancer research. One of the recipients of the award Kurt J. Warnhoff, is conducting his research to examine new genes and pathways that in turn modifies miRNA biogenesis, which results in cancer development. Similarly, in April 2013, Firefly BioWorks awarded $120,000 research grants to scientists to expand their work on twelve different miRNA projects.

The key players profiled in this report are as follows QIAGEN (Exiqon), Thermo Fisher Scientific Inc., Illumina, Inc., Agilent Technologies, GE Healthcare Dharmacon Inc., GeneCopoeia, Inc., Promega Corporation, Bio-Rad Laboratories, Inc., Merck & Co., Inc. and New England Biolabs Other players operating in the miRNA tools and services market include WaferGen Biosystems, NanoString Technologies, Inc., HTG Molecular Diagnostics, Inc., OriGene Technologies, Inc., Quantabio, Miltenyi Biotec, and Norgen Biotek Corp.

Key Benefits:

  • The study provides an in-depth analysis of the global miRNA tools and services market, with current trends and future estimations, to elucidate the imminent investment pockets.
  • Quantitative analysis from 2014 to 2022 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • The report provides actual historical figures for 2014 and year-on-year forecasts from 2016 to 2022, considering 2015 as base.
  • Comprehensive analysis across all regions is provided to determine the prevailing opportunities.
  • Extensive analysis is conducted by keenly monitoring the key product positioning and the top contenders within the market framework.

miRNA Tools and Services Market Key Segments:

The global miRNA tools and services market is segmented based on product and services, technology, end user, and region.

By Product and Services

  • Research Tools
    • Kits
    • Reagents
    • Other consumables
  • Services
    • miRNA Extraction Services
    • Quantification Services
    • Microarray Services
    • Sequencing Services
    • Functional Studies Services
    • Others

By Technology

  • Extraction Tools
  • qRT-PCR
  • NGS
  • Microarray
  • Functional Analysis Tools
  • Others

By End User

  • Research & Academic Institutes
  • IVD, Pharma & Biotech Companies
  • CROs

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Taiwan
    • Indonesia
    • Thailand
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Venezuela
    • Saudi Arabia
    • Republic of South Africa
    • Colombia
    • Argentina
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets

3.3. TOP PLAYER POSITIONING
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increasing incidence of cancer and cardiovascular disorders
3.4.1.2. Increased research funding for miRNA

3.4.2. Restraints

3.4.2.1. Development of in-house tools reduces commercial consumption
3.4.2.2. Challenges in quantification of miRNA

3.4.3. Opportunities

3.4.3.1. Application of miRNA technology

3.4.3.1.1. miRNA biomarkers

3.4.4. Impact analysis

3.5. CLINICAL TRIALS

Chapter: 4 GLOBAL miRNA TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. RESEARCH TOOLS

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. SERVICES

4.3.1. Market size and forecast

4.3.1.1. miRNA extraction services

4.3.1.1.1. Market size and forecast

4.3.1.2. Quantification services

4.3.1.2.1. Market size and forecast

4.3.1.3. Microarray services

4.3.1.3.1. Market size and forecast

4.3.1.4. Sequencing services

4.3.1.4.1. Market size and forecast

4.3.1.5. Functional studies services

4.3.1.5.1. Market size and forecast

4.3.1.6. Other services

4.3.1.6.1. Market size and forecast

Chapter: 5 GLOBAL miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. QRT-PCR

5.2.1. Market size and forecast

5.3. NGS

5.3.1. Market size and forecast

5.4. MICROARRAY

5.4.1. Market size and forecast

5.5. FUNCTIONAL ANALYSIS TOOLS

5.5.1. Market size and forecast

5.6. miRNA EXTRACTION TOOLS

5.6.1. Market size and forecast

5.7. OTHERS

5.7.1. Market size and forecast

Chapter: 6 GLOBAL miRNA TOOLS AND SERVICES MARKET, BY END USER

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. RESEARCH AND ACADEMIC INSTITUTES

6.2.1. Market size and forecast

6.3. IVD, PHARMA & BIOTECH COMPANIES

6.3.1. Market size and forecast

6.4. CRO

6.4.1. Market size and forecast

Chapter: 7 GLOBAL miRNA TOOLS AND SERVICES MARKET, BY REGION

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S. market size and forecast
7.2.5. Canada market size and forecast
7.2.6. Mexico market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. Germany market size and forecast
7.3.5. France market size and forecast
7.3.6. UK market size and forecast
7.3.7. Italy market size and forecast
7.3.8. Spain market size and forecast
7.3.9. Russia market size and forecast
7.3.10. Rest of Europe market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. Japan market size and forecast
7.4.5. China market size and forecast
7.4.6. Australia market size and forecast
7.4.7. India market size and forecast
7.4.8. South Korea market size and forecast
7.4.9. Taiwan market size and forecast
7.4.10. Indonesia market size and forecast
7.4.11. Thailand market size and forecast
7.4.12. Rest of Asia-Pacific market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Brazil market size and forecast
7.5.5. Turkey market size and forecast
7.5.6. Venezuela market size and forecast
7.5.7. Saudi Arabia market size and forecast
7.5.8. Republic of South Africa market size and forecast
7.5.9. Colombia market size and forecast
7.5.10. Argentina market size and forecast
7.5.11. Rest of LAMEA market size and forecast

Chapter: 8 COMPANY PROFILES

8.1. QIAGEN

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments, 2014-2016
8.1.6. Key strategy share, 2014-2016 (%)

8.2. THERMO FISHER SCIENTIFIC INC.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments, 2014-2016
8.2.6. Key strategy share, 2014-2016 (%)

8.3. ILLUMINA, INC.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments, 2014-2016
8.3.6. Key strategy share, 2014-2016 (%)

8.4. AGILENT TECHNOLOGIES

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments, 2014-2016
8.4.6. Key strategy share, 2014-2016 (%)

8.5. GE HEALTHCARE DHARMACON INC.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments, 2014-2016
8.5.6. Key strategy share, 2014-2016 (%)

8.6. GENECOPOEIA, INC.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments, 2014-2016
8.6.6. Key strategy share, 2014-2016 (%)

8.7. PROMEGA CORPORATION

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Key strategic moves and developments, 2014-2016
8.7.5. Key strategy share, 2014-2016 (%)

8.8. BIO-RAD LABORATORIES, INC.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments, 2014-2016
8.8.6. Key strategy share, 2014-2016 (%)

8.9. MERCK & CO., INC.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves and developments, 2014-2016
8.9.6. Key strategy share, 2014-2016 (%)

8.10. NEW ENGLAND BIOLABS

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Key strategic moves and developments, 2014-2016
8.10.5. Key strategy share, 2014-2016 (%)

LIST OF TABLES

TABLE 1. LIST OF COMPLETED miRNA CLINICAL TRIALS, 2014-2016
TABLE 2. GLOBAL miRNA TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 3. NORTH AMERICA miRNA TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 4. EUROPE miRNA TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 5. ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 6. LAMEA miRNA TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 7. NORTH AMERICA miRNA TOOLS AND SERVICES MARKET, BY RESEARCH TOOLS, 2014-2022 ($MILLION)
TABLE 8. EUROPE miRNA TOOLS AND SERVICES MARKET, BY RESEARCH TOOLS($MILLION), 2014-2022
TABLE 9. ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET, BY RESEARCH TOOLS ($MILLION), 2014-2022
TABLE 10. LAMEA miRNA TOOLS AND SERVICES MARKET, BY RESEARCH TOOLS ($MILLION), 2014-2022
TABLE 11. NORTH AMERICA miRNA TOOLS AND SERVICES MARKET, BY SERVICES, 2014-2022 ($MILLION)
TABLE 12. EUROPE miRNA TOOLS AND SERVICES MARKET, BY SERVICES ($MILLION), 2014-2022
TABLE 13. ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET, BY SERVICES ($MILLION), 2014-2022
TABLE 14. LAMEA miRNA TOOLS AND SERVICES MARKET, BY SERVICES ($MILLION), 2014-2022
TABLE 15. GLOBAL miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY ($MILLION), 2014-2022
TABLE 16. NORTH AMERICA miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY($MILLION), 2014-2022
TABLE 17. EUROPE miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY ($MILLION), 2014-2022
TABLE 18. ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY ($MILLION), 2014-2022
TABLE 19. LAMEA miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY ($MILLION), 2014-2022
TABLE 20. GLOBAL miRNA QRT-PCR TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 21. GLOBAL miRNA NGS TOOLS AND SERVICES MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 22. GLOBAL miRNA MICROARRAY TOOLS MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 23. GLOBAL miRNA FUNCTIONAL ANALYSIS TOOLS MARKET, BY PRODUCTS AND SERVICES ($MILLION), 2014-2022
TABLE 24. GLOBAL miRNA EXTRACTION TOOLS MARKET, BY PRODUCTS AND SERVICES, 2014-2022 ($MILLION)
TABLE 25. GLOBAL miRNA OTHER TOOLS MARKET, BY PRODUCTS AND SERVICES, 2014-2022 ($MILLION)
TABLE 26. GLOBAL miRNA TOOLS AND SERVICES MARKET, BY END USER ($MILLION), 2014-2022
TABLE 27. NORTH AMERICA miRNA TOOLS AND SERVICES MARKET, BY END USER ($MILLION), 2014-2022
TABLE 28. EUROPE miRNA TOOLS AND SERVICES MARKET, BY END USER ($MILLION), 2014-2022
TABLE 29. ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET, BY END USER ($MILLION), 2014-2022
TABLE 30. LAMEA miRNA TOOLS AND SERVICES MARKET, BY END USER ($MILLION), 2014-2022
TABLE 31. GLOBAL miRNA TOOLS AND SERVICES MARKET, BY REGION ($MILLION), 2014-2022
TABLE 32. NORTH AMERICA miRNA TOOLS AND SERVICES MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 33. EUROPE miRNA TOOLS AND SERVICES MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 34. ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 35. LAMEA miRNA TOOLS AND SERVICES MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 36. QIAGEN: COMPANY SNAPSHOT
TABLE 37. QIAGEN: BUSINESS SEGMENTS
TABLE 38. THERMO FISHER: COMPANY SNAPSHOT
TABLE 39. THERMO FISHER: BUSINESS SEGMENTS
TABLE 40. ILLUMINA: COMPANY SNAPSHOT
TABLE 41. ILLUMINA: BUSINESS SEGMENTS
TABLE 42. AGILENT: COMPANY SNAPSHOT
TABLE 43. AGILENT: BUSINESS SEGMENTS
TABLE 44. GE: COMPANY SNAPSHOT
TABLE 45. GE: BUSINESS SEGMENTS
TABLE 46. GENECOPOEIA: COMPANY SNAPSHOT
TABLE 47. GENECOPOEIA: BUSINESS SEGMENTS
TABLE 48. PROMEGA: COMPANY SNAPSHOT
TABLE 49. PROMEGA: BUSINESS SEGMENTS
TABLE 50. BIO-RAD: COMPANY SNAPSHOT
TABLE 51. BIO-RAD: BUSINESS SEGMENTS
TABLE 52. MERCK: COMPANY SNAPSHOT
TABLE 53. MERCK: BUSINESS SEGMENTS
TABLE 54. NEW ENGLAND: COMPANY SNAPSHOT
TABLE 55. NEW ENGLAND: BUSINESS SEGMENTS

LIST OF FIGURES

FIG 1. GLOBAL miRNA TOOLS AND SERVICES MARKET, BY TECHNOLOGY ($MILLION), 2015 VS 2022
FIG 2. MARKET SEGMENTATION
FIG 3. TOP INVESTMENT POCKETS
FIG 4. U.S. miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 5. GLOBAL miRNA TOOLS AND SERVICES MARKET FOR RESEARCH AND ACADEMIC INSTITUTES ($MILLION), 2014-2022
FIG 6. GLOBAL miRNA TOOLS AND SERVICES MARKET FOR IVD, PHARMA & BIOTECH COMPANIES ($MILLION), 2014-2022
FIG 7. GLOBAL miRNA TOOLS AND SERVICES MARKET FOR CRO ($MILLION), 2014-2022
FIG 8. GLOBAL miRNA TOOLS AND SERVICES MARKET, BY REGION ($MILLION), 2014-2022
FIG 9. CANCER INCIDENCE BY GENDER, U.S., 2015
FIG 10. U.S. miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 11. CANADA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 12. MEXICO miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 13. ESTIMATED NUMBER OF PEOPLE LIVING WITH CANCER
FIG 14. GERMANY miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 15. FRANCE miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 16. UK miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 17. ITALY miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 18. SPAIN miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 19. RUSSIA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 20. REST OF EUROPE miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 21. ESTIMATED AGE-SPECIFIC INCIDENCE RATES FOR ALL CANCERS COMBINED, 2016
FIG 22. JAPAN miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 23. CHINA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 24. AUSTRALIA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 25. INDIA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 26. SOUTH KOREA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 27. TAIWAN miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 28. INDONESIA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 29. THAILAND miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 30. REST OF ASIA-PACIFIC miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 31. LEADING SITES OF NEW CANCER CASES IN LATIN AMERICA (2012)
FIG 32. BRAZIL miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 33. TURKEY miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 34. VENEZUELA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 35. SAUDI ARABIA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 36. REPUBLIC OF SOUTH AFRICA MIRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 37. COLOMBIA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 38. ARGENTINA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022
FIG 39. REST OF LAMEA miRNA TOOLS AND SERVICES MARKET ($MILLION), 2014-2022

 

Chronic disorders such as cancer and cardiovascular diseases constitute a major proportion of health and economic burden; hence, the development of effective diagnosis and therapeutic option is an important need for the treatment of these disorders. miRNA plays a major role in regulating gene expression and thus can act as a diagnostic biomarker, which is estimated to drive the market growth.

Increase in incidence of chronic disorders, such as cancer, has led to high adoption of miRNA tools and services. In addition, the use of bioinformatics in miRNA research, advent of technologically advanced systems such as NGS, and increased investment in research to identify the role of miRNA in disease diagnosis also fuels the market growth. For instance, most of the pharma and biotech companies receive support from organizations to fund preclinical studies to evaluate the role of microRNA in various diseases.

Geographically, Asia-Pacific offers lucrative growth opportunity for the market due to increased funding by various organizations, advancements in technology, and rise in incidence of chronic disorders such as cancer. Thus, emerging economies (China and India) possess high growth potential for this market.

 

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