Transforming Genomics and Shaping Future Markets - Seite 2

Report Synopsis

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$3.7 billion

Market forecast

$10.3 billion

Growth rate

CAGR of 19.1% for the forecast period of 2024-2029

Segments covered

Technologies, Products, Applications, End Users and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Market drivers

•  Rapid advances in data analysis capabilities.

•  Favorable funding scenario for genomics and biomedical research activities.

•  Decline in the prices of genome sequencing.

•  Growing prevalence of cancer generating demand for personalized treatments.

•  Blockchain and cloud computing technologies.

 

This report addresses the following questions:

1. What is the projected market size?

The global RNA sequencing market is projected to reach $10.3 billion by the end of 2029, at an estimated CAGR of 19.1% from 2024 to 2029.

2.  What are the key factors driving the growth of the market?

• Rapid advances in data analysis capabilities.
• Favorable funding scenario for genomics and biomedical research activities.
• Decline in the prices of genome sequencing methods.
• Growing prevalence of cancer generating demand for personalized treatments.

3.  Which technology type will dominate the market by the end of 2029?