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Global Transcriptomics Market to Reach US$4.6 Billion by 2019

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The global transcriptomics technologies market was valued at US$1.65 billion in 2012. Between 2013 and 2019, the global transcriptomics technologies market will grow at a CAGR of 15.9%, settling at a market value of US$4.6 billion by the end of this
USAGE IN COMPANION DIAGNOSTIC SERVICES STIMULATES GLOBAL
TRANSCRIPTOMICS MARKET TO REACH US$4.6 BILLION BY 2019
The global transcriptomics technologies market was valued at US$1.65 billion in 2012. Between 2013 and
2019, the global transcriptomics technologies market will grow at a CAGR of 15.9%, settling at a market
value of US$4.6 billion by the end of this market forecast period. A research report, published by
Transparency Market Research, titled “Transcriptomics Technologies Market (Microarrays, PCR, Gene
Regulation and Next Generation Sequencing) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 – 2019”, explores the many possibilities in the transcriptomics technologies market in
terms of market growth and opportunities.
According to the report, the global transcriptomics technologies market is set to expand in the next few
years. This growth is largely attributed to the growing need for its products in companion diagnostics as
well as personalized healthcare.
The report says that within its key application segments, the global transcriptomics technologies market
undergoes constant development, which adds to its value. Application segments of the transcriptomics
market include pharmaceuticals and biotechnology. Other fields also derive technological advancements
in the global transcriptomics technologies market, thereby allowing it to grow faster.
Other segments that are developing better uses for transcriptomics technologies include laboratories
attempting to use them in biomarkers and novel gene sequencing methods.
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Other growth drivers for the global transcriptomics technologies market include the creation of adequate
equipment in labs and healthcare organizations, growing awareness on a global scale of the advantages
of transcriptomics technologies, and increased participation by government bodies in the global
transcriptomics technologies market, in terms of incentive initiatives.
The key players in the global transcriptomics technologies market, as mentioned in the report, include
Life Technologies Corporation, Illumina, Inc., F-Hoffmann La Roche Ltd., Agilent Technologies, Thermo
Fisher Scientific., and Affymetrix, Inc.
From a geographical perspective, the global transcriptomics technologies market is currently pioneered
by the Asia Pacific region, which is expected to exhibit the fastest growth rate for the report’s forecast
period. This rate of growth is attributed to an increase in population as well as a growing vendor base in
the region.
Other regions in the geographical segmentation of the global transcriptomics technologies market include
Europe, North America, and Rest of the World. Of these, the market was dominated by North America in
2012 with a revenue share of 35%. North America contains some well-equipped medical labs and
possesses a greater level of awareness towards the transcriptomics technologies.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/transcriptomicstechnologies-market.htm
The report cites the factors that might hamper the growth of the global transcriptomics technologies
market. These include lack of tools that are useful for computation of biology, non-availability of services
that are necessary for the analysis of the complicated information, and an overall lack of resources with
domain expertise.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business
information reports and services. The company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of
analysts, researchers, and consultants use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always
reflects the latest trends and information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary research techniques to develop
distinctive data sets and research material for business reports.
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Priya
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