U.S. Mirna Sequencing And Assay Market Size & Outlook
U.S. mirna sequencing and assay market, 2018-2030 (US$M)
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U.S. mirna sequencing and assay market highlights
- The U.S. mirna sequencing and assay market generated a revenue of USD 128.6 million in 2023 and is expected to reach USD 300.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.9% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Mirna sequencing and assay market data book summary
| Market revenue in 2023 | USD 128.6 million |
| Market revenue in 2030 | USD 300.3 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Qiagen NV, Abcam PLC, Takara Bio Inc, Revvity Inc, Maravai LifeSciences Holdings Inc Ordinary Shares - Class A, HTG Molecular Diagnostics Inc, Meridian Bioscience, New England Biolabs, Norgen Biotek, System Biosciences, Amoy Diagnostics, EntroGen |
Other key industry trends
- In terms of revenue, U.S. accounted for 37.5% of the global mirna sequencing and assay market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. mirna sequencing and assay market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 300.3 million by 2030.
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MiRNA Sequencing And Assay Market Scope
MiRNA Sequencing And Assay Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. mirna sequencing and assay market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mirna sequencing and assay market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 80.48% in 2023. Horizon Databook has segmented the U.S. mirna sequencing and assay market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in research and development spending by major private players to develop innovative & advanced products in the U.S. miRNA sequencing and assay market is expected to drive significant growth in the country. For instance, during FY 2020, Illumina, Inc. spent USD 682 million on research & development to develop new sequencing technology and upgrade the existing technology.
In addition, prominent players are adopting collaboration and distribution strategies to expand their geographic presence. For instance, in June 2020, HTG Molecular Diagnostics, Inc. signed three new European distributor agreements with BioNordika (Denmark), Explorea (Czech Republic), and ELTA 90 (Bulgaria) to promote HTG products & services in Nordic and Eastern European countries.
Furthermore, players also adopting a new product launch strategy to expand their product portfolios and strengthen their market position. For instance, in August 2018, HTG Molecular Diagnostics, Inc. launched HTG EdgeSeq Mouse miRNA Whole Transcriptome Assay (WTA).
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Target buyers of U.S. mirna sequencing and assay market databook
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Our clientele includes a mix of mirna sequencing and assay market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. mirna sequencing and assay market , including forecasts for subscribers. This country databook contains high-level insights into U.S. mirna sequencing and assay market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. mirna sequencing and assay market size, by product & service, 2018-2030 (US$M)
U.S. MiRNA Sequencing And Assay Market Outlook Share, 2023 & 2030 (US$M)
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