RNA sequencing enhances the ability to look at substitute gene spliced transcripts, post-transcriptional adjustments, gene fusion, mutations, and alterations in gene expression over time, or differences in gene expression in distinct groups or treatments. The surging count of research activities pertaining to RNA sequencing involving RNA library preparation is set to drive the RNA sequencing market. The accelerated development in the precision medicine market is set to propel the growth of the RNA sequencing market in the times to follow.

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Genome Sequencing Cost Reduction and Other Related Factors Pave Way for Healthy Market Growth

An initiation of NGS technologies, with the capacity to facilitate large volumes of data in quick turnaround time has caused an overtime drop in the cost of genome sequencing. This has led emerging economies to embrace a personalized approach consequently enhancing benefitting RNA sequencing product lines. Technological advancements in the area have also attracted various funding to the market. Additionally, the introduction of RNA sequencing for the assessment of RNA-based drug response and their predictive biomarkers has refined the outcomes of cancer therapy. The efficient identification of up and down-regulated genes associated with different cancers has been facilitated with the help of RNA sequencing. This with the combination of escalated funding from government and non-government organizations are drivers of a speedy growth for the RNA sequencing market

Library Preparation Techniques Further the Progress of the Market in The APAC Region

Globally, North America has the largest share in the global RNA sequencing market. With the most significant market share held by RNA sequencing platforms and consumable segment, escalating growth in North America is owed to the persistent technological upgrades in the market. The existence of key players like Illumina in the region in conjunction with the increased application of techniques like ion semiconductor sequencing is propelling the growth of the RNA sequencing market in the North American region. The second-largest market share is held by the Asia Pacific region. Apart from technological advancements, the RNA sequencing service segment is also expected to grow at an astounding rate over the forecast period of the study. In addition to the regions mentioned above, in the study period, Europe and South America hold a considerable market share in the global RNA sequencing market.

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Product Launches, Mergers, and Acquisitions Emerge as Sought-After Strategies for Market Players

The key companies playing well in the RNA sequencing market are Thermo Fischer Scientific Inc., Qiagen, Perkin Elmer, Inc. Agilent Technologies Inc., Illumina, Tecan Genomics Inc., Roche Sequencing Solutions (RSS) GE Healthcare (Cytiva) Bio-Rad Laboratories Inc., and Sigma Aldrich. With constant upgrades and launches like Qiagen’s endorsement of therascreen KRAS RGQ PCR (Polymerase Chain Reaction) Kit for an extended scope of application, the declaration Thermo Scientific AerosolSense Sampler, a novel surveillance solution planned to transfer speedy and greatly trustworthy insight into the existence of in-air pathogens, inclusive of SARS-CoV-2 by Thermo Fisher Scientific Inc., and introduction of two “Research Use Only” (RUO) solutions, PKamp™ VariantDetect™ by Perkin Elmer, Inc.

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