The transcriptomics market is expected to bring in $11.39 billion by 2030 at


Portland, OR, May 30, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the transcriptomics market accounted for $5.79 billion in 2020 and is expected to reach $11.39 billion by 2030, growing at a CAGR of 7.0% from 2021 to 2030.

Rising demand for personalized medicine, government funding for omics, increasing expenditure on pharmaceutical and biotechnology R&D, and increasing applications of RNA sequencing have driven the growth of the global transcriptomics market. However, the lack of skilled professionals is hampering the growth of the market. On the contrary, the presence of untapped potential in developing countries would open up new opportunities in the future.

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Covid-19 scenario:

  • The Covid-19 pandemic has had a positive impact on the market due to increased production of vaccines and increased investment to study the immune response in patients infected with Covid-19.
  • Rising number of product approvals and new innovations by key players has further complemented the growth of the market.

Get Detailed Analysis of Impact of COVID-19 on Transcriptomics Market –

The global transcriptomics market is segmented on the basis of type, technology, applications, and region. By application type, the diagnostics and disease profiling segment is expected to show the highest CAGR of 7.5% from 2021 to 2030. However, the drug discovery segment held the largest share in 2020, accounting for more than three-fifths of the global transcriptomics market. .

By end-user, the pharmaceutical and biotechnology companies segment is expected to register the highest CAGR of 7.8% from 2021 to 2030, owing to the increase in the variety of applications in disease diagnosis and analysis. However, the government institutes and academic centers segment held the lion’s share in 2020, accounting for about half of the global transcriptomics market, owing to the surge in disease diagnosis.

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By region, the global transcriptomics market in North America dominated in 2020, accounting for more than two-fifths of the market, thanks to a robust infrastructure provided for research activities and the presence of key players in North America. However, the Asia-Pacific market is expected to show the highest CAGR of 8.7% during the forecast period, owing to the increase in the use of transcriptomics for drug discovery, R&D activities for the launch of new products and increased investments in the health sector.

Global Hypodermic Needles Market report includes study of major market players including Agilent Technologies Inc., F-Hoffmann La-Roche, Bio-Rad Laboratories, General Electric Company, Fluidigm Corporation, Merck & Co. Inc., Illuminia Inc., Qiagen Inc., Promega Corporation and ThermoFisherScientific.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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