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RNA Library Preparation Market Segmented By method type that is Ligation-based Library Preparation, Tagmentation-based Library Preparation with application that is Bioinformatics, Diagnostics, Agriculture and Animal Research, Drug Discovery, Genetic Research
RNA library preparation is the first step in next-generation sequencing. In this method, RNA adheres to the sequencing flowcell and the sample is identified. The two most widely used methods of library preparation are ligation and tagmentation-based library preparation.
In ligation-based library preparation, the fragmentation and adapter ligation to the ends of the fragments is done in two separate steps, whereas in tagmentation-based library preparation, the fragmentation and adapter ligation are combined into one step.
Some of the major steps performed in library preparation are fragmentation and end repair, the addition of adapters, and PCR amplification. The global RNA library preparation market is expected to grow due to the advancement in the healthcare industry and the rising adoption of next-generation sequencing technique.
The outbreak of coronavirus is believed to have a severe impact on the global RNA library preparation market. RNA library preparation market manufacturing industries are being shuttered around the world causing an unusual technology and business model transformation.
The outbreak of coronavirus has brought on many aspects, like falling business assurance, uncertainty about future, massive slowing of the supply chain, and others. As coronavirus has become the main focus, all biotech companies, pharmaceutical companies, and research institutes are appointed in collaboration work to deal with Covid-19.
This is hampering market of next-generation sequencing market which in turn is affecting the global RNA library preparation market.
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The major driver of the global RNA library preparation market growth is the rising adoption of next-generation sequencing diagnostics across the globe. Also, the increasing number of next-generation sequencing-based research & clinical application in developed countries and the rising government investment in R & D are also driving the global RNA library preparation market growth.
However, the stringent regulations imposed by the authorities on the research and development activities and limited investment in developing countries can restrain the growth of the global RNA library preparation.
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Based on the method type, the ligation-based library preparation segment is expected to hold a major share in the global RNA library preparation market. Based on the application, bioinformatics and diagnostics segment are expected to dominate the global RNA library preparation market.
Based on the end-user, pharmaceutical and biotech companies are expected to be the most dominating segment in the global RNA library preparation market due to the higher number of next-generation sequencing diagnostics performed.
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North America is expected to dominate the global RNA library preparation market, due to the increasing advancement in the technology and ongoing next-generation sequencing-based research in the region. Furthermore, the presence of leading next-generation sequencing service providers is likely to boost the RNA library preparation market.
North America is expected to be followed by Europe, due to the rising pharmaceutical and biotech companies in the region. Asia-Pacific is expected to have a significant growth in the global RNA library preparation market over the forecast period due to the increasing investment by foreign countries and increasing awareness of next-generation sequencing services in countries like India and China.
Some of the market participants in the global RNA library preparation market identified across the value chain include: Thermo Fisher Scientific, Illumina, Inc., Agilent Technologies, Inc., Becton, Dickinson and Company, QIAGEN, Danaher Corporation, and Others.
