Global miRNA Tools and Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Product and Services;
Research Tools (Kits, Reagents, and Others) and Services (miRNA Extraction Services, Quantification Services, Microarray Services, Sequencing Services, Functional Studies Services, and Others).By Technology;
miRNA Extraction Tools, qRT-PCR, NGS, Microarray, Functional Analysis Tools, and Others.By Application;
Research, Diagnostics, Therapeutics, and Agriculture.By End User;
Academic and Research Institutions, Biotechnology Companies, Pharmaceutical Companies, Contract Research Organizations.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).Introduction
Global miRNA Tools and Services Market (USD Million), 2020 - 2030
In the year 2023, the Global miRNA Tools and Services Market was valued at USD 510.19 million. The size of this market is expected to increase to USD 1,508.45 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 16.8%.
The Global miRNA Tools and Services Market is experiencing significant growth, driven by the increasing application of miRNA in disease diagnosis, drug development, and biomedical research. miRNAs are small, non-coding RNA molecules that play a critical role in gene regulation, making them valuable in understanding various biological processes and disease mechanisms.
As research into miRNA expands, so does the demand for sophisticated tools and services that can facilitate miRNA analysis, profiling, and quantification. This market encompasses a range of products and services, including miRNA extraction kits, qRT-PCR, next-generation sequencing (NGS), microarray analysis, and bioinformatics tools, which are essential for the accurate detection and interpretation of miRNA expression patterns.
Technological advancements in miRNA research tools and the growing emphasis on precision medicine are major factors contributing to the market's expansion. The rising prevalence of cancer and other chronic diseases has spurred the need for advanced diagnostic tools, propelling the adoption of miRNA technologies. The market is also benefiting from increased funding and collaborations between academic institutions, research organizations, and biopharmaceutical companies aimed at exploring the therapeutic potential of miRNAs.
Global miRNA Tools and Services Market Recent Developments
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In October 2023, Thermo Fisher Scientific planned to invest USD 3.1 billion to acquire Olink Holding AB, aiming to expand its life sciences portfolio, which would enhance capabilities in drug discovery. This strategic move was intended to strengthen its position in the market.
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In November 2023, QIAGEN introduced new QIAcuity digital PCR kits and improved software, enabling biopharma and food safety customers to enhance their utilization. These advancements aimed to streamline workflows and improve the efficiency of digital PCR applications in their respective fields.
Segment Analysis
The global miRNA tools and services market has been segmented by product and services, technology, application, and end user, each influencing the growth and development of the market.
The product and services segment includes a variety of tools and services such as miRNA isolation kits, miRNA quantification tools, miRNA sequencing services, and miRNA analysis services. The increasing focus on understanding the role of miRNAs in gene regulation and disease pathways drives the demand for these products and services. miRNA quantification and sequencing tools are widely used in research and clinical diagnostics, enhancing our ability to explore miRNA functions in disease mechanisms. Services like miRNA profiling and bioinformatics analysis are gaining popularity as researchers and clinicians seek expert assistance in data interpretation and accurate results, further propelling market growth in this segment.
The technology segment encompasses various advanced methods such as quantitative PCR (qPCR), next-generation sequencing (NGS), microarray, and others. qPCR remains a widely used method for miRNA detection and quantification due to its sensitivity and specificity. However, NGS technology is growing rapidly in the miRNA tools and services market, as it allows for high-throughput analysis and deeper insights into miRNA profiles across multiple diseases. Microarray technology continues to be used for high-throughput gene expression profiling, but its application in miRNA research is being challenged by the rise of NGS and other more precise techniques. The technology segment reflects the evolving landscape of miRNA research, with NGS expected to dominate the future.
In terms of application, the miRNA tools and services market is driven by areas such as cancer research, cardiovascular diseases, neurological disorders, and others. miRNAs play a critical role in gene regulation and are linked to various diseases, especially cancer. As a result, the cancer research segment holds the largest share of the market, as miRNA-based diagnostics and therapeutics are being actively developed. miRNAs are also being explored for their roles in cardiovascular and neurological diseases, leading to increased investment in these areas. The widespread use of miRNA tools in these applications supports market expansion and innovation.
The end user segment includes research institutions, biotechnology companies, pharmaceutical companies, and academic institutions. Research institutions and academic institutions are major contributors to the miRNA tools and services market, as they drive innovation through basic and clinical research. Biotechnology and pharmaceutical companies are increasingly focusing on developing miRNA-based therapies, which is driving the demand for miRNA tools for drug discovery and development. As miRNA-based therapeutics advance, pharmaceutical companies will become key end users of miRNA services. Overall, the demand for miRNA-related tools and services is expected to rise across these diverse end-user groups, fostering market growth.
Global miRNA Tools and Services Segment Analysis
In this report, the Global miRNA Tools and Services Market has been segmented by Product and Services, Technology, Application, End User and Geography.
Global miRNA Tools and Services Market, Segmentation by Product and Services
The Global miRNA Tools and Services Market has been segmented by Product and Services into Research Tools (Kits, Reagents, and Others) and Services (miRNA Extraction Services, Quantification Services, Microarray Services, Sequencing Services, Functional Studies Services, and Others).
Research Tools include a variety of kits, reagents, and other essential laboratory supplies. These products are crucial for researchers to extract, amplify, and analyze miRNA. Kits and reagents streamline the processes involved in miRNA research, providing consistent and reliable results which are vital for both basic research and clinical applications. Other research tools encompass various instruments and consumables designed to support miRNA experimentation and analysis.
Services encompass a range of specialized offerings such as miRNA extraction services, quantification services, microarray services, sequencing services, functional studies services, and others. miRNA extraction services provide expert extraction and purification of miRNA from different biological samples, ensuring high-quality results. Quantification services offer precise measurement of miRNA levels using advanced techniques like qRT-PCR. Microarray services facilitate high-throughput screening and profiling of miRNA expression. Sequencing services enable detailed analysis of miRNA sequences, aiding in the discovery of novel miRNAs and their targets. Functional studies services include comprehensive analyses to understand the biological roles and mechanisms of miRNAs, further supporting drug development and disease research. Other services may include custom assay development, data analysis, and bioinformatics support tailored to specific research needs.
Global miRNA Tools and Services Market, Segmentation by Technology
The Global miRNA Tools and Services Market has been segmented by Technology into miRNA Extraction Tools, qRT-PCR, NGS, Microarray, Functional Analysis Tools, and Others.
miRNA Extraction Tools are essential for isolating miRNA from various biological samples, ensuring high purity and integrity necessary for subsequent analysis. qRT-PCR (quantitative Reverse Transcription Polymerase Chain Reaction) is a widely used technology for quantifying miRNA expression levels with high sensitivity and specificity. This technique is pivotal in validating miRNA profiles and understanding their roles in different biological processes.
NGS (Next-Generation Sequencing) provides comprehensive miRNA sequencing, enabling the discovery of novel miRNAs and the detailed analysis of miRNA expression patterns. This technology offers high throughput and deep sequencing capabilities, facilitating extensive miRNA research. Microarray technology allows for the high-throughput profiling of miRNA expression across numerous samples simultaneously. This method is valuable for identifying differentially expressed miRNAs and understanding their involvement in various diseases and biological functions.
Functional Analysis Tools include a variety of assays and techniques used to investigate the biological roles and mechanisms of miRNAs. These tools are crucial for elucidating miRNA functions in gene regulation, signaling pathways, and disease progression. Others encompass emerging and specialized technologies that support miRNA research and applications. These may include advanced bioinformatics tools, custom assay development, and integrative platforms that enhance miRNA study and application.
Global miRNA Tools and Services Market, Segmentation by Application
The Global miRNA Tools and Services Market has been segmented by Application into Research, Diagnostics, Therapeutics, and Agriculture.
In the research application segment, miRNA tools and services are primarily used for exploring the role of miRNAs in gene regulation, disease pathways, and cellular processes. Researchers utilize miRNA quantification and sequencing tools to study the involvement of miRNAs in various diseases, including cancer, cardiovascular diseases, and neurological disorders. The increasing focus on personalized medicine and precision research drives the demand for miRNA profiling and analysis services. This segment is expected to dominate the market, as scientific research continues to reveal the potential of miRNAs in understanding complex biological mechanisms.
In diagnostics, miRNA tools are gaining traction for their potential in detecting diseases at an early stage, particularly in cancer and genetic disorders. miRNAs are stable biomarkers found in bodily fluids, which makes them ideal candidates for non-invasive diagnostic tests. The use of miRNA-based diagnostic platforms is growing in areas such as oncology, cardiovascular diseases, and infectious diseases, as miRNAs offer high specificity and sensitivity. With the increasing demand for early disease detection and personalized diagnostics, the diagnostic application segment is experiencing significant growth.
In therapeutics, miRNAs are being investigated for their potential to serve as therapeutic agents or targets for drug development. miRNA-based therapies aim to modulate gene expression and treat diseases by regulating the activity of specific miRNAs. The therapeutics segment includes the development of miRNA mimics, inhibitors, and gene-editing strategies to treat diseases such as cancer, cardiovascular disorders, and genetic diseases. The growing interest in miRNA-based therapies, coupled with the increasing pipeline of miRNA-related drug candidates, is expected to drive the growth of this segment in the coming years.
The agriculture application segment is witnessing a rise in the use of miRNAs for crop improvement and pest management. miRNAs play a critical role in plant growth, development, and stress responses. As the agricultural sector faces challenges related to crop yield, pests, and diseases, miRNA-based tools are being utilized for developing genetically modified crops with improved resistance to environmental stresses and pathogens. This segment is gaining attention due to the growing need for sustainable agricultural practices and the potential of miRNAs in enhancing crop productivity.
These diverse applications showcase the versatility of miRNA tools and services across multiple industries, driving the market's growth and fostering innovation in the field.
Global miRNA Tools and Services Market, Segmentation by End User
The Global miRNA Tools and Services Market has been segmented by End User into Academic and Research Institutions, Biotechnology Companies, Pharmaceutical Companies, Contract Research Organizations.
Academic and research institutions are a major segment driving the growth of the miRNA tools and services market. These institutions are involved in fundamental and applied research to explore the biological functions of miRNAs, their potential as biomarkers, and their role in various diseases. The growing investment in molecular biology and genomics research, along with the increasing number of research projects focused on miRNA-related therapies, makes academic and research institutions a significant end user of miRNA tools and services. Their demand for miRNA quantification, sequencing, and profiling tools is expected to remain high as the research community delves deeper into the molecular mechanisms of miRNAs.
Biotechnology companies are increasingly adopting miRNA tools and services to develop innovative products and technologies based on miRNA applications. These companies leverage miRNA profiling, analysis, and manipulation tools for drug discovery, biomarker identification, and the development of diagnostic and therapeutic solutions. The biotechnology sector is a key player in the development of miRNA-based therapies and diagnostics, making it a prominent end user of miRNA-related tools and services. With the growing number of biotech startups and established companies focusing on miRNA applications, this segment is expected to experience significant growth in the coming years.
Pharmaceutical companies are another critical end user segment in the miRNA tools and services market. Pharmaceutical companies utilize miRNA tools for drug discovery, screening, and development of miRNA-based therapeutics. miRNA research plays a vital role in understanding disease pathways, particularly in complex diseases such as cancer, cardiovascular diseases, and neurodegenerative disorders. Pharmaceutical companies are increasingly focusing on developing miRNA-based treatments, and the tools and services related to miRNA analysis and modulation are essential for advancing these drug development programs. The rising interest in personalized medicine and the expanding pipeline of miRNA-based drugs will contribute to the growth of this segment.
Contract research organizations (CROs) provide essential services to pharmaceutical and biotechnology companies by conducting research and development activities, including miRNA-based studies. CROs offer outsourced expertise in miRNA profiling, biomarker discovery, and drug development, helping companies optimize their research processes. As pharmaceutical and biotech companies increasingly outsource their research activities to CROs, the demand for miRNA tools and services from these organizations is expected to grow. CROs play a crucial role in accelerating the development of miRNA-based diagnostic and therapeutic products, contributing to the overall growth of the miRNA tools and services market.
This segmentation highlights the diverse end users of miRNA tools and services, with each segment contributing to the advancement and application of miRNA technologies in various industries.
Global miRNA Tools and Services Market, Segmentation by Geography
In this report, the Global miRNA Tools and Services Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global miRNA Tools and Services Market Share (%), by Geographical Region, 2023
North America represents a significant portion of the market, driven by advanced healthcare infrastructure, substantial R&D investments, and a high adoption rate of innovative technologies in miRNA research. Europe is another key region with a robust market presence, supported by extensive academic and clinical research activities, government funding, and the presence of numerous biotechnological firms specializing in miRNA tools and services.
Asia Pacific is witnessing rapid growth due to increasing healthcare expenditures, rising awareness of miRNA technologies, and expanding research initiatives in countries like China, Japan, and India. Middle East and Africa have emerging markets where growth is fueled by improving healthcare infrastructure, increasing investments in biomedical research, and growing collaborations with global research entities.
Latin America shows promising market potential driven by expanding research capabilities, rising interest in molecular diagnostics, and increasing governmental and private sector support for biotechnological advancements.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global miRNA Tools and Services Market. These factors include; Market Drivers, Restraints, and Opportunities.
Drivers:
- Research and development growth
- Chronic disease prevalence
- Sequencing tech advancements
- Personalized medicine demand
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Biomarker discovery emphasis - The emphasis on biomarker discovery serves as a significant driver for advancements in various fields, particularly in healthcare and biotechnology. Biomarkers, such as microRNAs (miRNAs), play crucial roles in disease detection, prognosis, and treatment response assessment. With a growing understanding of the molecular mechanisms underlying diseases, there is an increasing focus on identifying and validating biomarkers to improve diagnostic accuracy and patient outcomes.
In cancer research, biomarkers aid in early detection, classification of tumor subtypes, and monitoring of treatment efficacy. The discovery of specific miRNA biomarkers associated with different cancer types has revolutionized precision medicine approaches, enabling tailored therapeutic interventions based on individual patient profiles. This emphasis on biomarker discovery has led to the development of innovative tools and services tailored for biomarker identification and validation, driving further advancements in cancer diagnostics and treatment.
Beyond oncology, biomarker discovery holds promise for various other disease areas, including neurodegenerative disorders, cardiovascular diseases, and autoimmune conditions. By uncovering unique miRNA signatures associated with specific diseases or disease stages, researchers can gain insights into disease mechanisms and develop novel diagnostic assays and therapeutic interventions. Additionally, biomarker discovery facilitates the development of companion diagnostics, enabling personalized treatment strategies that optimize patient outcomes while minimizing adverse effects.
Restraints:
- Protocol standardization lack
- Skilled professional shortage
- Ethical considerations
- Regulatory hurdles
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Data complexity - The complexity of data poses a significant restraint in biomarker discovery efforts. As researchers delve deeper into omics data, including genomics, transcriptomics, proteomics, and metabolomics, they encounter vast and intricate datasets that require sophisticated analytical tools and computational algorithms for interpretation. The complexity of these datasets often presents challenges in data processing, integration, and validation.
In biomarker discovery, researchers must navigate through large volumes of heterogeneous data to identify meaningful associations between biomarkers and disease phenotypes. The multidimensional nature of omics data, coupled with inter-individual variability and environmental factors, adds layers of complexity to the analysis process. Data quality issues, such as batch effects, noise, and missing values, further complicate the interpretation of results and may introduce biases or false discoveries.
The integration of diverse omics datasets from different sources, such as multi-omics data integration, presents additional challenges due to data heterogeneity, normalization issues, and the need for robust statistical methods. Analyzing high-dimensional data matrices requires advanced bioinformatics tools and computational resources, which may not always be readily available or accessible to researchers, especially in resource-constrained settings.
Opportunities:
- AI integration in research
- Cancer diagnostics demand
- miRNA biomarker use growth
- Delivery system advancements
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Non-coding RNA research expansion - The expanding field of non-coding RNA (ncRNA) research presents significant opportunities for biomarker discovery and therapeutic development. Non-coding RNAs, once considered "junk" or "silent" molecules, have emerged as key regulators of gene expression and cellular processes, playing pivotal roles in health and disease. As researchers delve deeper into the functional roles of ncRNAs, including microRNAs (miRNAs), long non-coding RNAs (lncRNAs), and circular RNAs (circRNAs), they uncover novel insights into disease mechanisms and potential therapeutic targets.
One of the primary opportunities offered by the expansion of ncRNA research lies in biomarker discovery. Non-coding RNAs exhibit tissue-specific expression patterns and are dynamically regulated in response to pathological conditions, making them promising candidates as diagnostic, prognostic, and predictive biomarkers for various diseases, including cancer, cardiovascular disorders, neurodegenerative diseases, and infectious diseases. Leveraging advances in high-throughput sequencing technologies and bioinformatics tools, researchers can profile ncRNA expression signatures in patient samples to identify disease-specific biomarker panels with diagnostic and prognostic utility.
The dysregulation of ncRNAs is implicated in the pathogenesis of numerous diseases, making them attractive therapeutic targets. Targeting ncRNAs with antisense oligonucleotides, small interfering RNAs (siRNAs), or small molecule inhibitors offers a promising avenue for developing innovative RNA-based therapeutics. Additionally, the advent of CRISPR-based technologies enables precise editing of ncRNA sequences, opening new possibilities for therapeutic intervention. As researchers uncover the functional roles of specific ncRNAs in disease pathways, they can design targeted therapies to modulate ncRNA expression and activity, potentially offering personalized treatment approaches for patients with various diseases.
Competitive Landscape Analysis
Key players in Global miRNA Tools and Services Market include,
- Thermo Fisher Scientific Inc.
- QIAGEN N.V.
- Agilent Technologies, Inc.
- Illumina, Inc.
- Bio-Rad Laboratories, Inc.
- Merck KGaA (Sigma-Aldrich)
- Takara Bio Inc.
- New England Biolabs, Inc.
- GenScript Biotech Corporation
- Exiqon A/S
- Integrated DNA Technologies, Inc. (IDT)
- Eurofins Scientific SE
- Mirus Bio LLC
- System Biosciences (SBI)
- Abcam plc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product and Services
- Market Snapshot, By Technology
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global miRNA Tools and Services Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Research and development growth
- Chronic disease prevalence
- Sequencing tech advancements
- Personalized medicine demand
- Biomarker discovery emphasis
- Restraints
- Protocol standardization lack
- Skilled professional shortage
- Ethical considerations
- Regulatory hurdles
- Data complexity
- Opportunities
- AI integration in research
- Cancer diagnostics demand
- miRNA biomarker use growth
- Delivery system advancements
- Non-coding RNA research expansion
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global miRNA Tools and Services Market, By Product and Services, 2020 - 2030 (USD Million)
- Research Tools
- Kits
- Reagents
- Others
- Services
- miRNA Extraction Services
- Quantification Services
- Microarray Services
- Sequencing Services
- Functional Studies Services
- Others
- Research Tools
- Global miRNA Tools and Services Market, By Technology, 2020 - 2030 (USD Million)
- miRNA Extraction Tools
- qRT-PCR
- NGS
- Microarray
- Functional Analysis Tools
- Others
- Global miRNA Tools and Services Market, By Application, 2020 - 2030 (USD Million)
- Research, Diagnostics
- Therapeutics
- Agriculture
- Global miRNA Tools and Services Market, By End User, 2020 - 2030 (USD Million)
- Academic and Research Institutions
- Biotechnology Companies
- Pharmaceutical Companies
- Contract Research Organizations
- Global miRNA Tools and Services Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global miRNA Tools and Services Market, By Product and Services, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Thermo Fisher Scientific Inc.
- QIAGEN N.V.
- Agilent Technologies, Inc.
- Illumina, Inc.
- Bio-Rad Laboratories, Inc.
- Merck KGaA (Sigma-Aldrich)
- Takara Bio Inc.
- New England Biolabs, Inc.
- GenScript Biotech Corporation
- Exiqon A/S
- Integrated DNA Technologies, Inc. (IDT)
- Eurofins Scientific SE
- Mirus Bio LLC
- System Biosciences (SBI)
- Abcam plc
- Company Profiles
- Analyst Views
- Future Outlook of the Market