In-vitro Transcription Templates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

In-vitro Transcription Templates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • January 2040
  • Healthcare
  • 0 pages

Report Description

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In-vitro transcription is a molecular method or procedure that allows synthesis of ribosomal nucleic acid (RNA) molecules. In-vitro transcription process enables health care researchers to synthesize different sizes varying from microgram, milligram, to kilo bases of desired RNA molecule, based on template-directed techniques. RNA synthesis is one of the major fields on genetic research, personalized medicine, and many other techniques. Advancements in the field of biotechnology (including nanotechnology and molecular biology) have found diverse applications of in-vitro transcription templates for RNA synthesis, which have more clinical benefits than randomized DNA probes. It allows researchers and healthcare professionals perform various reactions to identify biochemical processes of the body. In-vitro transcription requires DNA-dependent RNA polymerase, templates, and transcription factors.

Rise in focus of health care and pharmaceutical companies in R&D, drug discovery, and gene editing has led to increase in demand for new and advanced transcription techniques to introduce new products and drugs in the pharmaceutical industry. This, in turn, is driving the global in-vitro transcription templates market during the forecast period. Rise in adoption of personalized medicine by health care providers is expected to increase demand for in-vitro transcription templates. Introduction of CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) gene editing technology, enabling targeted medicine using RNA to bind to specific targets, and increase in incidence of rare diseases are some drivers of the global in-vitro transcription templates market during the forecast period. However, requirement for large capital investment deters new entrants from entering the market. This has increased the bargaining power of manufacturers and is leading to high cost of the in-vitro transcription templates and restraining the adoption and subsequent expansion of the global in-vitro transcription templates market.

The global in-vitro transcription templates market is segmented on the basis of product type, application, end-user, and region. Based on product type, the global market is dived into plasmids, polymerase chain reaction (PCR) based products, oligonucleotides, and cDNA templates. The plasmids segment dominated the global in-vitro transcription templates market in 2017, owing to higher adoption of plasmids as templates by end-users. However, oligonucleotides segment is anticipated to expand at a considerable CAGR from 2018 to 2026. Expansion of the segment can be attributed to increase in application in research, therapeutics, and diagnostics of oligonucleotide templates. Base on application, the global in-vitro transcription templates market is segmented into drug discovery, structural studies, biochemical and genetic studies, and others. The drug discovery segment dominated the global market in 2017. In terms of end-user, the global in-vitro transcription templates market is segregated into contract research organizations (CROs), pharmaceutical and biotechnology companies, academic & research institutes, and others. The pharmaceutical and biotechnology companies segment is expected to dominate the global market in 2017 due to high R&D focus and expenditure.

Based on region, the global in-vitro transcription templates market is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the global in-vitro transcription templates market in 2017, and is expected to continue its dominance during the forecast period. Increase in focus of health care institutions toward personalized medicine and targeted drug delivery, high expenditure of pharmaceutical and biotechnology companies for R&D, and rise in government initiatives to promote drug discovery are some factors driving the market in North America. Europe accounted for the second largest share of the market in 2017, followed by Asia Pacific.

Key players operating in the global in-vitro transcription templates market include Bio-Synthesis Inc., Thermo Fisher Scientific, Promega Corporation, Lucigen, New England Biolabs, Takara Bio USA (a Takara Bio Company), Enzynomics co Ltd., Enzo Life Sciences, Inc., and Agilent Technologies.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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