RNA Analysis Market Size, Share, Growth Analysis, By Technology(Real Time-PCR (qPCR) Technology, Microarray Technology), By Product(Instruments, Kits & Reagents), By Application(Construction of RNA Expression Atlas, Epigenetics) - Industry Forecast 2024-2031

Global RNA Analysis Market size was valued at USD 15.5 billion in 2022 and is poised to grow from USD 16.12 billion in 2023 to USD 22.06 billion by 2031, growing at a CAGR of 4.00% during the forecast period (2024-2031).

The market is being driven by the increasing adoption of mineral supplements for managing chronic conditions due to a significant portion of the population grappling with diseases like cancer, osteoporosis, anemia, and osteoporosis. Major pharmaceutical firms are conducting social campaigns to encourage healthier lifestyles and supplement usage. For example, in February 2023, Torrent Pharmaceuticals Ltd unveiled a TV campaign named #BeShelcalStrong, aimed at boosting awareness about calcium deficiency and its impacts on daily life.

The upsurge in sedentary lifestyles and consumption of unhealthy diets has resulted in a higher number of people experiencing nutritional deficiencies. Proper body functioning requires varying mineral proportions. Insufficient minerals can lead to problems like fatigue, weak bones, and a compromised immune system. According to NutraIngredients-USA data, iron deficiency is most prevalent in the U.S. population. Additionally, government initiatives promoting healthier lifestyles are further stimulating market growth.

Beyond increased awareness about mineral supplement benefits, key market players are concentrating on inventive product development and exploring exotic ingredients. The rising popularity of plant-based products is also creating growth opportunities. Furthermore, for managing metabolic disorders, consumers are turning to personalized preventive products and services, favoring them over solely curative health practices, thereby fostering market growth.

In contrast to other sectors, the COVID-19 pandemic boosted the demand for mineral supplements. Research from the National Center for Biotechnology Information showed that the infection disproportionately affected individuals with mineral deficiencies. Recent studies propose that higher-than-recommended doses of mineral supplements could aid COVID-19 patients in reducing viral load and hospitalization. Consequently, this surge in demand prompted the introduction of new products. Nonetheless, counterfeit product sales are projected to impede market growth. Economic crises and political conflicts disrupt the supply chain, leading to an increase in locally produced, inexpensive items. Escalating demand and easy availability of mineral supplements have contributed to the proliferation of counterfeit goods.

US RNA Analysis Market is poised to grow at a sustainable CAGR for the next forecast year.