MicroRNA Market Overview:
MicroRNA market was valued at $0.32 billion US dollars. According to AMR Group projections, the market is expected to reach US$1.8 billion by 2031, with a compound annual growth rate (CAGR) of 19.5 percent between 2022 and 2031.
Natural tiny RNAs known as microRNAs (miRNAs) control post-transcriptional regulation of gene expression. Due to the fact that miRNAs are significant regulators of gene expression and excellent candidates for biomarkers, miRNA research in allergies is growing. As innovative therapeutic medicines, miRNA mimics and inhibitors are presently undergoing preclinical research.
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Market Dynamics:
Operators
Growing application of microRNA
The industry is also being driven by the growing usage of microRNA as a biomarker. Because these biomarkers are highly reproducible and robust in comparison to conventional processes, they hold great significance in genome-wide population research and data-driven methodologies. These compounds therefore present a possible therapeutic option for the creation of biomarkers. Moreover, liquid-based biopsies are becoming more and more important in the development and finding of biomarkers.
Increased investigation of the possibilities of miRNA biomarkers
In the near future, it is anticipated that a spike in research into the applications of miRNA biomarkers in prognosis, diagnosis, and treatments will favour market expansion. For example, in January 2020, researchers explored the potential of miRNA detected in peripheral blood as a biomarker for the diagnosis of Bipolar II disorder (BD-II) using next-generation sequencing. MiRNAs may offer a non-invasive way to identify further neurodegenerative illnesses.
Market Opportunities:
advances in technology
The development of new technologies to enhance the sensitivity and selectivity of miRNA detection fuels the expansion of the microRNA market. Among the recently created techniques for miRNA detection are enzyme-free amplification, RCA-based, DSN-based, LAMP-based, and nanoparticle-based amplification. In a similar vein, in January 2020, scientists created a program-based isothermal amplification method for precise and accurate digital detection of miRNA. Because the technology relies on signal amplification rather than PCR-based methods, which replicate the desired sequence directly, contamination can be minimized.
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Market Segments:
By Product and Services
- Research Tools
- Services
By Technology
- Real Time Polymerase Chain Reaction
- Microarray
- Next Generation Sequencing (NGS)
- Immunoassay
By Application
- Cancer
- Immunological Disorder
- Infectious Diseases
- Cardiovascular Disease
- Neurological Disease
By End User
- Academic and Research Institutes
- Biopharmaceutical Companies
- Contract Research Organizations
- Diagnostic Centres
Market Regional Analysis:
In terms of geography, North America held the biggest revenue share of 45.8% in 2020 and led the microRNA market. Numerous causes, including the region’s considerable R&D activity, the presence of important firms, and the well-established infrastructure for proteomics, genomics, and oncology research, are responsible for its expansion. Nonetheless, local businesses are getting their miRNA biomarkers’ patents approved. For example, Dimer was granted a U.S. Patent in May 2020 for their miRNA-based techniques for the identification and monitoring of brain aging.
The microRNA market is anticipated to expand at the fastest rate in Asia Pacific, with a projected growth rate of 20.6% between 2021 and 2028. The market’s expansion in the area is mainly due to the quick development of genomic research and the adoption of new instruments to aid in research projects. Using microarray-based miRNA profiling, Chinese researchers discovered in February 2021 that blood microRNA may serve as a possible diagnostic for pyrrolizidine alkaloids-induced hepatic sinusoidal obstruction syndrome (HSOS).
Leading Key Companies Involved in this report are:
Agilent Technologies Inc., Biodynamics Laboratory Inc., Bio Genex, Bio-Rad Laboratories, Inc., Gene Capoeira, Inc., General Electric Company, Horizon Discovery Ltd., Illumina, Inc., Merck KGaA, Miltonic Biotech, Nano String, New England Bio labs, Norgon Biotech Corp., Origen Technologies, Inc., PR omega Corporation, Qigong N.V., Quanta bio, Sematic LLC, Systemic Scotland Limited, Synodic, and Thermos Fisher Scientific, Inc. among others.
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