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MicroRNA Market is predicted to reach USD 5.2 billion at a CAGR of 13.30% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global MicroRNA Market”.


The MicroRNA market is estimated to register a CAGR of 13.30% during the forecast period of 2024 to 2032.


MRFR recognizes the following companies as the key players in the global MicroRNA market— Qiagen, Thermo Fisher Scientific, Merck KGaA, NanoString Technologies, Exiqon, Illumina, Inc., Agilent Technologies, Bio-Rad Laboratories, Inc., New England Biolabs and Roche Diagnostics.


Market Highlights


The global MicroRNA market is accounted to register a CAGR of 13.30% during the forecast period and is estimated to reach USD 5.2 billion by 2032.


The MicroRNA market is experiencing growth due to the expanding understanding of microRNAs' roles in regulating gene expression and their implications in various diseases. MicroRNAs serve as potential biomarkers for diagnosis, prognosis, and therapeutic targets in conditions like cancer, cardiovascular diseases, and neurological disorders. Additionally, advancements in sequencing technologies and bioinformatics tools enhance microRNA research capabilities, driving market expansion in both academic and clinical settings.


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Segment Analysis


The global MicroRNA market has been segmented based on Products & Services, Application and End-Use.


On the basis of products & services, the market is segmented into Instruments and Consumables. The Instruments Products & Services dominated the MicroRNA market in 2023 due to their crucial role in microRNA analysis and detection. These products and services include instruments for sample preparation, detection, and analysis, as well as associated software and support services. With the increasing demand for precise and efficient microRNA research tools, Instruments Products & Services emerged as the preferred choice, capturing the largest market share.


Based on application, the global MicroRNA market has been segmented into Cancer, Infectious Diseases, Immunological Disorder, Cardiovascular Disease, Neurological Disease and Others. The Cancer application secured the largest market share in the MicroRNA market in 2023 due to the significant role of microRNAs in cancer pathogenesis, diagnosis, and prognosis. MicroRNAs serve as biomarkers for cancer detection and classification, as well as potential therapeutic targets. With the growing burden of cancer worldwide, there is increasing demand for microRNA-based diagnostics and therapeutics, driving the dominance of the Cancer application.


Based on end-use, the global MicroRNA market has been segmented into Biotechnology & Pharmaceutical Companies, Academic & Government Research Institutes and Others. The Biotechnology & Pharmaceutical Companies claimed the largest market share in the MicroRNA market in 2023 due to their extensive research and development efforts in leveraging microRNAs for therapeutic and diagnostic purposes. These companies heavily invest in microRNA-based technologies for drug discovery, development, and personalized medicine. Their commitment to advancing microRNA research and translating it into clinical applications contributed to their dominance in the market.


Regional Analysis


The global MicroRNA market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe MicroRNA market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The MicroRNA market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World MicroRNA market comprises the Middle East, Africa, and Latin America.


North America leads the MicroRNA Market due to factors such as robust research infrastructure, significant investments in biotechnology and pharmaceutical industries, and a high prevalence of chronic diseases. Moreover, favorable regulatory policies and supportive reimbursement frameworks encourage the adoption of microRNA-based diagnostics and therapeutics in the region. Additionally, strong collaborations between academia, industry, and government facilitate innovation and drive market growth. With a focus on precision medicine and personalized healthcare, North America maintains its dominance in the MicroRNA Market.


Europe holds the second-largest share in the MicroRNA Market due to a well-established healthcare infrastructure, substantial investments in life sciences research, and a growing emphasis on personalized medicine. The region benefits from strong collaborations between academic institutions, biotech companies, and healthcare providers, fostering innovation in microRNA-based diagnostics and therapeutics. Additionally, supportive regulatory frameworks and reimbursement policies encourage the adoption of advanced molecular diagnostics. With a focus on addressing unmet medical needs and improving patient outcomes, Europe maintains its significant presence in the MicroRNA Market.


The Asia Pacific region experiences the highest Compound Annual Growth Rate (CAGR) in the MicroRNA Market due to several factors. These include increasing investments in healthcare infrastructure, rising research and development activities, and a growing prevalence of chronic diseases. Additionally, expanding collaborations between academia, industry, and government drive innovation and adoption of microRNA-based technologies. With a large and aging population, coupled with rising healthcare expenditures and demand for advanced diagnostics and therapeutics, Asia Pacific presents significant growth opportunities in the MicroRNA Market.


Furthermore, the rest of the world's MicroRNA market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the microRNA market due to increasing investment in biotechnology and healthcare infrastructure. Emerging economies within this region are embracing microRNA technologies for both research and clinical applications, driving market expansion beyond established markets.


Key Findings of the Study


  • The global MicroRNA market is expected to reach USD 5.2 billion by 2032, at a CAGR of 13.30% during the forecast period.

  • The Asia Pacific region leads in MicroRNA market growth due to expanding biotechnology and pharmaceutical industries, rising healthcare expenditure, and a large patient population.

  • Based on application, the cancer segment was attributed to holding the largest market in 2023, with an approximate market share of 20–40%.

  • Qiagen, Thermo Fisher Scientific, Merck KGaA, NanoString Technologies, Exiqon, Illumina, Inc., Agilent Technologies, Bio-Rad Laboratories, Inc., New England Biolabs and Roche Diagnostics are the key market players.

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Pages 128
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