The MicroRNA Market size was USD 1.57 Billion in 2023 and is expected to Reach USD 4.13 Billion by 2031 and grow at a CAGR of 12.88% over the forecast period of 2024-2031.
The microRNA (miRNA) market is driven by the potential of these tiny molecules to revolutionize healthcare. miRNAs regulate gene expression and are involved in crucial biological processes. This exciting field offers applications in diagnostics, therapeutics, and research tools. In disease diagnosis, miRNAs are showing promise as biomarkers for various conditions like cancer and heart disease. Their presence and patterns in bodily fluids can provide valuable information, leading to the development of tests for early detection and personalized medicine approaches. Therapeutics based on microRNAs are a new advancement as researchers are looking to target specific miRNAs to influence genes involved in diseases like cancer and genetic disorders this area is still under development with ongoing research and clinical trials.
The market is fueled by a growing understanding of miRNA biology, advancements in detection methods, and the increasing demand for personalized medicine. However, miRNA-based therapeutics require further development and regulatory approval before reaching patients. Overall, the miRNA market holds immense potential for the future of healthcare, particularly in diagnosing and treating chronic illnesses. The promise they hold in cancer therapy is a major driver for market growth.
DRIVERS:
MicroRNAs have demonstrated potential as biomarkers for a variety of disorders. Because of their stability in physiological fluids and unique expression patterns, they are appealing candidates for diagnostic testing.
A growing number of clinical trials focusing on chronic diseases will drive market growth.
MiRNA's clinical and preclinical research applications are being expanded through ongoing investigations and clinical trials. An increasing body of evidence suggests that mRNAs have great usefulness as drug resistance modulators, biomarkers for pathogenic diseases, or medicines for medical intervention in practically all human health disorders. As a result, increasing the number of clinical trials for assessing the efficiency of miRNA in the treatment of various chronic illnesses is one of the significant factors boosting miRNA market expansion throughout the projection year.
RESTRAIN:
Intellectual property rights play a crucial role in the development and commercialization of miRNA-based products. The existing IP landscape around miRNAs, including patents and licensing agreements, can create barriers to entry for new players.
MiRNA safety and toxicity concerns may limit market growth in this market.
Several therapeutic uses have been linked to the advantages of miRNA. It is used to treat chronic diseases such as cancer, cardiovascular problems, renal disease, and so on. However, their safety and toxicity are still a topic of debate.
As a result, numerous companies have halted clinical trials for novel miRNA-based medicines. Mirna Therapeutics, Inc., a clinical-stage pharmaceutical company, announced that it will stop the present Phase 1 study of MRX34, its investigational therapy for a variety of cancers. Due to many immune-related serious adverse events (SAE) recorded in patients given MRX34 throughout the trial, the firm voluntarily terminated enrolment and dosage in the clinical research.
OPPORTUNITY:
miRNA-based therapeutics are still in the early stages of development, they hold significant promise for the treatment of various diseases. The ability of miRNAs to regulate multiple genes simultaneously opens up opportunities for targeted therapies and combination treatments.
Biomarker Discovery and Development is a big opportunity for this market.
MicroRNAs have shown promise as biomarkers for disease diagnosis, prognosis, and treatment response. The discovery and validation of new miRNA biomarkers can expand the range of diseases that can be detected and monitored. This presents opportunities for companies to develop innovative biomarker discovery platforms, diagnostic assays, and companion diagnostics for targeted therapies.
CHALLENGES:
The development and commercialization of miRNA-based products can be costly, including research and development, clinical trials, manufacturing, and regulatory compliance.
Market Fragmentation and Competition are the biggest challenges for this market.
The miRNA market is characterized by fragmentation, with multiple companies, academic institutions, and research organizations working on different aspects of miRNA research, diagnostics, and therapeutics. This fragmentation can lead to challenges in standardization, lack of consensus on methodologies, and difficulties in establishing unified guidelines or regulations. Competition among market players can also impact market dynamics and commercialization efforts.
The Russian invasion of Ukraine was described as a barbaric act. This is a pointer to how the war between Ukraine & Russia affects the pharmaceutical business in this region. Russia supplies 35-40% of its raw material to the world, which holds a huge share. After this war, many countries stopped taking raw materials from Russia. Russia had a loss of 4-5% profit which is come from raw materials. however, for many countries, there has been a lot of good scope in this field, which will be a deal of profit in the future, due to this war, the raw material, shipping price, and energy prices have also increased. An increase of 2-3% has been seen, as a result of which there is a boom in the equipment related to treatment in the microRNA sectors.
IMPACT OF ECONOMIC SLOWDOWN
The fact that a lot of money is being invested in developing novel therapies for individuals with life-threatening illnesses is a major contributor to the growth in medical prices in Asian countries. Modern medical treatments and therapies for diseases such as cancer, transplants, and so on are also becoming more expensive as they advance. Nowadays, the majority of the equipment used in top-tier hospitals is imported from other countries, which has resulted in an increase in medical prices.
Increased utilisation and nursing demands in ambulatory, hospital-based outpatient departments, home care, skilled nursing institutions, and hospice settings might result in an 8% to 10% yearly rise in registered nurse demand between 2021 and 2025. At the same time, higher-than-normal attrition (8% per year in 2021 and 2022 before returning to an estimated 2% to 5% in 2023) and retirements will outnumber new licensures, reducing the total number of registered nurses working in direct patient care just as the number of required roles grows. After 2022, the attrition rate should return to normal. This ongoing recession does not see a major impact on microRNA markets.
Services
Type
Isolation & Purification
miRNA cDNA Synthesis
Profiling, Localization, & Quantification
Functional Analysis
Others
Specimen
Whole Blood
Serum
Plasma
FFPE
Fresh Frozen Tissue
Others
Consumables
Specimens
Whole Blood
Serum
Plasma
FFPE
Fresh Frozen Tissue
Others
Workflow
Isolation & Purification
miRNA cDNA Synthesis
Profiling, Localization, & Quantification
Functional Analysis
The largest portion of the miRNA market comes from services over 58% in 2023 these services include isolating and purifying miRNA, making cDNA copies, figuring out their profiles and locations, measuring their amounts, studying how they function, and other tasks. Another factor driving this service segment's growth is target prediction and validation. A recent study showed that for plants, excluding animal data from the prediction models led to more accurate results, suggesting that animal data may be misleading for plants. The product segment is also expected to grow significantly, due to the use of miRNA as a potential biomarker for diagnosing diseases and the availability of many companies selling supplies like kits and reagents for studying miRNA expression.
Cancer
Infectious Diseases
Immunological Disorder
Cardiovascular Disease
Neurological Disease
Others
Cancer research is the biggest spender on miRNA technology as of 2023 this is because scientists are heavily invested in finding unique miRNA patterns in cancer cells. Additionally, progress in miRNA-based therapies and diagnostic tests for cancer is expected to boost revenue further these tests can not only tell different types of cancer apart, but also reveal the stage of the cancer. miRNA diagnostics are even seen as a potential breakthrough for diagnosing cancers with unknown origins. The infectious disease segment is expected to see the fastest growth in the coming years. This is because scientists are realizing that miRNAs are reliable indicators of many human diseases, since they play a crucial role in gene regulation. The COVID-19 pandemic further accelerated this growth as researchers looked for new ways to diagnose the disease.
Biotechnology & Pharmaceutical Companies
Academic & Government Research Institutes
Others
Drug companies and biotech firms (biotechnology & pharmaceutical companies) are the current leaders in the miRNA market as of 2023 these companies are partnering with research institutions to get access to the latest research and collaborate on big projects to speed up progress in miRNA technology. For example, a Singaporean biotech company called MiRXES recently expanded its facilities and started a collaborative research project on multiple cancers these efforts show how these companies are aiming to improve their research and production abilities, specifically to develop miRNA-based tests for diagnosing diseases.
The coming years are expected to see strong growth in the academic and government research sector (academic & government research institutes). Research institutes and universities are heavily using miRNA techniques and related products in their studies. This growing number of research projects is likely to fuel market growth. For instance, researchers in India recently discovered a specific miRNA that destroys cervical cancer cells. Further research on this finding could lead to a new, safe treatment for cervical cancer using miRNA therapy.
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
North America: Due to increased expenditures in research and development activities in the area, the region will continue its dominance over the worldwide market over the projection period. Furthermore, the existence of key competitors with the ability to engage in R&D activities adds to the growth of the market in North America. Along with major advances, the region's availability of easy and speedy procedures for obtaining approvals for microRNA biomarkers supplements the market's expansion. Massive contributors to the North American market include Synlogic, Thermo Fisher Scientific, ProMega Corporation, and SeqMatic.
Asia Pacific: The region's quickly growing population, rising frequency of cardiovascular disorders, higher need for microRNA-based therapeutics, and greater emphasis on research & development activities are just a few of the reasons driving market expansion. For example, MiRXES, located in Singapore, announced in 2022 its cooperation with the National University Heart Centres and the National Heart Centre, Singapore, to control pulmonary hypertension. The partnership has resulted in the commencement of Southeast Asia's first multi-centre research using early detection microRNA biomarkers. The centre’s goal is to employ microRNA biomarkers to diagnose pulmonary hypertension early.
Some major key players in MicroRNA Market are QIAGEN, Merck KGaA, Synlogic, Thermo Fisher Scientific Inc., Horizon Discovery Ltd., GeneCopoeia, Inc, New England Biolabs, NanoString, Quantabio, BioGenex and other players.
Thermo Fisher Scientific set their sights on growth in drug discovery by planning a USD 3.1 billion acquisition of Olink Holding AB in October 2023. Olink Holding AB contributes to the life sciences portfolio of Thermo Fisher Scientific.
QIAGEN focused on improving customer experience in biopharma and food safety sectors by launching new QIAcuity digital PCR kits and enhanced software in November 2023. These new offerings aim to expand utilization by their customers.
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.57 Bn |
| Market Size by 2031 | US$ 4.13 Bn |
| CAGR | CAGR of 12.88% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | QIAGEN, Merck KGaA, Synlogic, Thermo Fisher Scientific Inc., Horizon Discovery Ltd., GeneCopoeia, Inc, New England Biolabs, NanoString, Quantabio, BioGenex |
| Key Drivers | • MicroRNAs have demonstrated potential as biomarkers for a variety of disorders. Because of their stability in physiological fluids and unique expression patterns, they are appealing candidates for diagnostic testing. • A growing number of clinical trials focusing on chronic diseases will drive market growth. |
| Market Restraints | • Intellectual property rights play a crucial role in the development and commercialization of miRNA-based products. The existing IP landscape around miRNAs, including patents and licensing agreements, can create barriers to entry for new players. • MiRNA safety and toxicity concerns may limit market growth in this market. |
Ans: The MicroRNA Market is estimated to develop at a 12.88% CAGR.
Ans: The MicroRNA Market was valued at USD 1.57 billion in 2023 and is predicted to grow to USD 4.13 billion by 2031.
Ans: By Products & Services, The profiling, Quantification, and Localization segment will lead the market.
Ans: The increased need for improved diagnostic outcomes fuels and real-time polymerase chain reactions are expected to dominate the microRNA industry.
Ans: In 2023, microRNA-related profiling, localisation, and quantification services held a 24.84% share of the microRNA market. This is due to a rise in functional studies to examine the role of various miRNAs in various illnesses, as well as the increased usage of modern technologies like as NGS for reliable detection and quantification of miRNAs.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. MicroRNA Market Segmentation, By Product & Services
9.1 Introduction
9.2 Trend Analysis
9.3 Services
9.3.1 Type
9.3.1.1 Isolation & Purification
9.3.1.2 miRNA cDNA Synthesis
9.3.1.3 Profiling, Localization, & Quantification
9.3.1.4 Functional Analysis
9.3.1.5 Others
9.3.2 Specimen
9.3.2.1 Whole Blood
9.3.2.2 Serum
9.3.2.3 Plasma
9.3.2.4 FFPE
9.3.2.5 Fresh Frozen Tissue
9.3.2.6 Others
9.4 Products
9.4.1 Instruments
9.4.2 Technology
9.4.2.1 Real Time PCR
9.4.2.2 Microarray
9.4.2.3 NGS
9.4.2.4 Others
9.4.3 Workflow
9.4.3.1 Isolation & Purification
9.4.3.2 miRNA cDNA Synthesis
9.4.3.3 Profiling, Localization, & Quantification
9.4.3.4 Functional Analysis & Others
9.4.3.5 Others
9.5 Consumables
9.5.1 Specimens
9.5.1.1Whole Blood
9.5.1.2 Serum
9.5.1.3 Plasma
9.5.1.4 FFPE
9.5.1.5 Fresh Frozen Tissue
9.5.1.6 Others
9.5.2 Workflow
9.5.2.1 Isolation & Purification
9.5.2.2 miRNA cDNA Synthesis
9.5.2.3 Profiling, Localization, & Quantification
9.5.2.4 Functional Analysis
9.5.2.5 Others
10. MicroRNA Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Cancer
10.4 Infectious Diseases
10.5 Immunological Disorder
10.6 cardiovascular disease
10.7 Neurological Disease
10.8 Others
11. MicroRNA Market Segmentation, By End User
11.1 Introduction
11.2 Trend Analysis
11.3 Biotechnology & Pharmaceutical Companies
11.4 Academic & Government Research Institutes
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America MicroRNA Market by Country
12.2.3 North America MicroRNA Market By Product & Services
12.2.4 North America MicroRNA Market By Application
12.2.5 North America MicroRNA Market By End User
12.2.6 USA
12.2.6.1 USA MicroRNA Market By Product & Services
12.2.6.2 USA MicroRNA Market By Application
12.2.6.3 USA MicroRNA Market By End User
12.2.7 Canada
12.2.7.1 Canada MicroRNA Market By Product & Services
12.2.7.2 Canada MicroRNA Market By Application
12.2.7.3 Canada MicroRNA Market By End User
12.2.8 Mexico
12.2.8.1 Mexico MicroRNA Market By Product & Services
12.2.8.2 Mexico MicroRNA Market By Application
12.2.8.3 Mexico MicroRNA Market By End User
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe MicroRNA Market by Country
12.3.2.2 Eastern Europe MicroRNA Market By Product & Services
12.3.2.3 Eastern Europe MicroRNA Market By Application
12.3.2.4 Eastern Europe MicroRNA Market By End User
12.3.2.5 Poland
12.3.2.5.1 Poland MicroRNA Market By Product & Services
12.3.2.5.2 Poland MicroRNA Market By Application
12.3.2.5.3 Poland MicroRNA Market By End User
12.3.2.6 Romania
12.3.2.6.1 Romania MicroRNA Market By Product & Services
12.3.2.6.2 Romania MicroRNA Market By Application
12.3.2.6.4 Romania MicroRNA Market By End User
12.3.2.7 Hungary
12.3.2.7.1 Hungary MicroRNA Market By Product & Services
12.3.2.7.2 Hungary MicroRNA Market By Application
12.3.2.7.3 Hungary MicroRNA Market By End User
12.3.2.8 Turkey
12.3.2.8.1 Turkey MicroRNA Market By Product & Services
12.3.2.8.2 Turkey MicroRNA Market By Application
12.3.2.8.3 Turkey MicroRNA Market By End User
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe MicroRNA Market By Product & Services
12.3.2.9.2 Rest of Eastern Europe MicroRNA Market By Application
12.3.2.9.3 Rest of Eastern Europe MicroRNA Market By End User
12.3.3 Western Europe
12.3.3.1 Western Europe MicroRNA Market by Country
12.3.3.2 Western Europe MicroRNA Market By Product & Services
12.3.3.3 Western Europe MicroRNA Market By Application
12.3.3.4 Western Europe MicroRNA Market By End User
12.3.3.5 Germany
12.3.3.5.1 Germany MicroRNA Market By Product & Services
12.3.3.5.2 Germany MicroRNA Market By Application
12.3.3.5.3 Germany MicroRNA Market By End User
12.3.3.6 France
12.3.3.6.1 France MicroRNA Market By Product & Services
12.3.3.6.2 France MicroRNA Market By Application
12.3.3.6.3 France MicroRNA Market By End User
12.3.3.7 UK
12.3.3.7.1 UK MicroRNA Market By Product & Services
12.3.3.7.2 UK MicroRNA Market By Application
12.3.3.7.3 UK MicroRNA Market By End User
12.3.3.8 Italy
12.3.3.8.1 Italy MicroRNA Market By Product & Services
12.3.3.8.2 Italy MicroRNA Market By Application
12.3.3.8.3 Italy MicroRNA Market By End User
12.3.3.9 Spain
12.3.3.9.1 Spain MicroRNA Market By Product & Services
12.3.3.9.2 Spain MicroRNA Market By Application
12.3.3.9.3 Spain MicroRNA Market By End User
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands MicroRNA Market By Product & Services
12.3.3.10.2 Netherlands MicroRNA Market By Application
12.3.3.10.3 Netherlands MicroRNA Market By End User
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland MicroRNA Market By Product & Services
12.3.3.11.2 Switzerland MicroRNA Market By Application
12.3.3.11.3 Switzerland MicroRNA Market By End User
12.3.3.1.12 Austria
12.3.3.12.1 Austria MicroRNA Market By Product & Services
12.3.3.12.2 Austria MicroRNA Market By Application
12.3.3.12.3 Austria MicroRNA Market By End User
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe MicroRNA Market By Product & Services
12.3.3.13.2 Rest of Western Europe MicroRNA Market By Application
12.3.3.13.3 Rest of Western Europe MicroRNA Market By End User
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific MicroRNA Market by Country
12.4.3 Asia-Pacific MicroRNA Market By Product & Services
12.4.4 Asia-Pacific MicroRNA Market By Application
12.4.5 Asia-Pacific MicroRNA Market By End User
12.4.6 China
12.4.6.1 China MicroRNA Market By Product & Services
12.4.6.2 China MicroRNA Market By Application
12.4.6.3 China MicroRNA Market By End User
12.4.7 India
12.4.7.1 India MicroRNA Market By Product & Services
12.4.7.2 India MicroRNA Market By Application
12.4.7.3 India MicroRNA Market By End User
12.4.8 Japan
12.4.8.1 Japan MicroRNA Market By Product & Services
12.4.8.2 Japan MicroRNA Market By Application
12.4.8.3 Japan MicroRNA Market By End User
12.4.9 South Korea
12.4.9.1 South Korea MicroRNA Market By Product & Services
12.4.9.2 South Korea MicroRNA Market By Application
12.4.9.3 South Korea MicroRNA Market By End User
12.4.10 Vietnam
12.4.10.1 Vietnam MicroRNA Market By Product & Services
12.4.10.2 Vietnam MicroRNA Market By Application
12.4.10.3 Vietnam MicroRNA Market By End User
12.4.11 Singapore
12.4.11.1 Singapore MicroRNA Market By Product & Services
12.4.11.2 Singapore MicroRNA Market By Application
12.4.11.3 Singapore MicroRNA Market By End User
12.4.12 Australia
12.4.12.1 Australia MicroRNA Market By Product & Services
12.4.12.2 Australia MicroRNA Market By Application
12.4.12.3 Australia MicroRNA Market By End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific MicroRNA Market By Product & Services
12.4.13.2 Rest of Asia-Pacific MicroRNA Market By Application
12.4.13.3 Rest of Asia-Pacific MicroRNA Market By End User
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East MicroRNA Market by Country
12.5.2.2 Middle East MicroRNA Market By Product & Services
12.5.2.3 Middle East MicroRNA Market By Application
12.5.2.4 Middle East MicroRNA Market By End User
12.5.2.5 UAE
12.5.2.5.1 UAE MicroRNA Market By Product & Services
12.5.2.5.2 UAE MicroRNA Market By Application
12.5.2.5.3 UAE MicroRNA Market By End User
12.5.2.6 Egypt
12.5.2.6.1 Egypt MicroRNA Market By Product & Services
12.5.2.6.2 Egypt MicroRNA Market By Application
12.5.2.6.3 Egypt MicroRNA Market By End User
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia MicroRNA Market By Product & Services
12.5.2.7.2 Saudi Arabia MicroRNA Market By Application
12.5.2.7.3 Saudi Arabia MicroRNA Market By End User
12.5.2.8 Qatar
12.5.2.8.1 Qatar MicroRNA Market By Product & Services
12.5.2.8.2 Qatar MicroRNA Market By Application
12.5.2.8.3 Qatar MicroRNA Market By End User
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East MicroRNA Market By Product & Services
12.5.2.9.2 Rest of Middle East MicroRNA Market By Application
12.5.2.9.3 Rest of Middle East MicroRNA Market By End User
12.5.3 Africa
12.5.3.1 Africa MicroRNA Market by Country
12.5.3.2 Africa MicroRNA Market By Product & Services
12.5.3.3 Africa MicroRNA Market By Application
12.5.3.4 Africa MicroRNA Market By End User
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria MicroRNA Market By Product & Services
12.5.3.5.2 Nigeria MicroRNA Market By Application
12.5.3.5.3 Nigeria MicroRNA Market By End User
12.5.3.6 South Africa
12.5.3.6.1 South Africa MicroRNA Market By Product & Services
12.5.3.6.2 South Africa MicroRNA Market By Application
12.5.3.6.3 South Africa MicroRNA Market By End User
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa MicroRNA Market By Product & Services
12.5.3.7.2 Rest of Africa MicroRNA Market By Application
12.5.3.7.3 Rest of Africa MicroRNA Market By End User
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America MicroRNA Market by country
12.6.3 Latin America MicroRNA Market By Product & Services
12.6.4 Latin America MicroRNA Market By Application
12.6.5 Latin America MicroRNA Market By End User
12.6.6 Brazil
12.6.6.1 Brazil MicroRNA Market By Product & Services
12.6.6.2 Brazil MicroRNA Market By Application
12.6.6.3 Brazil MicroRNA Market By End User
12.6.7 Argentina
12.6.7.1 Argentina MicroRNA Market By Product & Services
12.6.7.2 Argentina MicroRNA Market By Application
12.6.7.3 Argentina MicroRNA Market By End User
12.6.8 Colombia
12.6.8.1 Colombia MicroRNA Market By Product & Services
12.6.8.2 Colombia MicroRNA Market By Application
12.6.8.3 Colombia MicroRNA Market By End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America MicroRNA Market By Product & Services
12.6.9.2 Rest of Latin America MicroRNA Market By Application
12.6.9.3 Rest of Latin America MicroRNA Market By End User
13. Company Profiles
13.1 QIAGEN
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Product & Services/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Merck KGaA
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Product & Services / Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Synlogic
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Product & Services / Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Thermo Fisher Scientific Inc.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Product & Services / Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Horizon Discovery Ltd.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Product & Services/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 GeneCopoeia, Inc
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Product & Services/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 New England Biolabs
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Product & Services/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 NanoString
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Product & Services/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Quantabio
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Product & Services/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 BioGenex
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Product & Services/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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