Research Insights on Global MicroRNA Market Size, Share, Growth and Forecast to 2025

Growing number of biotech and pharmaceutical companies involved in research and development (R&D) activities such as molecular diagnostics and therapeutics is expected to drive MicroRNA Market grow

23 October 2018, The Global MicroRNA Market size is expected to expand at a steady CAGR over the forecast period. MicroRNA is a small non-coding RNA that plays a significant role in plants and animals by targeting specific mRNAs for degradation or translation repression. Growing number of biotech and pharmaceutical companies involved in research and development (R&D) activities such as molecular diagnostics and therapeutics is expected to drive market growth. Ample opportunities for applications in virology, cardiovascular, endocrinology, genetic disease, and plant science are anticipated to further fuel expansion in near future.

One of the major factors contributing to market growth is the provision of large scale public and private funding. Government investment and increasing technological developments are anticipated to further drive growth. High prevalence of diseases is expected to encourage pharmaceutical and biotech companies to engage in R&D in different disease classes. Increasing occurrence of cardiovascular and cancer is expected to drive the market at a steady pace. According to WHO, about 14 million cancer cases were registered in 2012 and the number is estimated to grow at an alarming rate in the years to come.

Recent innovations and diverse applications are anticipated to contribute to growth of the market for microRNA over the forecast period. The technology is used as a biomarker for cancer diagnosis and treatment. Increasing investments in R&D initiatives to develop new diagnostic tests and therapeutics is also expected to fuel product demand. Increased target selectivity and specificity of RNAi therapeutics, along with adoption of virtual drug development models enables companies to minimize costs associated with research and production.

Shift from platform technologies to application-specific products is expected to bode well for market expansion. Developing drugs or biologics through virtual drug development platforms offers significant advantages over traditional models such as minimizing risks and overhead costs associated with conventional technologies. miRNAs play a major role in various biological processes including developmental timing, cell proliferation, apoptosis, stem cell maintenance, differentiation, signaling pathways, and pathogenesis such as carcinogenesis. This factor is anticipated to boost growth of the market over the forecast period.

On the other hand, stringent regulations and high investment cost are expected to be the major restraints for the global market. High costs associated with equipment used in detecting miRNA along with extensive and time-consuming testing methods, subsequently contributes in increasing overall research value. High failure rate coupled with the lack of skilled professionals with superior industry experience may hamper market growth.

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