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MiRNA Sequencing and Assay Market for Library Preparation Products to Witness Rapid Growth During Forecast Period
Global miRNA Sequencing and Assay Market is expected to reach US$ 468.99 million by 2027 from US$ 192.31 million in 2019; it is estimated to grow at a CAGR of 11.9% from 2020 to 2027. The report highlights trends prevailing in the miRNA sequencing and assay market along with the factors governing its growth.
Based on product, the consumables segment held a larger share of the market in 2019, whereas the library preparation segment is expected to register a higher CAGR during the forecast period.
A significant demand for library preparation kits in the library construction applications owing to their capability to shorten the RNA fragmentation process, and increasing research activities pertaining to complex life sciences process are the key factors contributing to the growth of the market for the library preparation kits segment.