Single- cell Analysis Market - Advancement in Spatial Genomics Technology is expected to Augment the Market Growth | TMR Research Study
The increasing number of government funding and investments used for intense research and development activities for medical diagnostics is expected to boost the growth of the global single-cell analysis market during the forecast period 2020 to 2030. Single-cell analysis is the study of proteomics, metabolomics, proteomics, genomics, and transcriptomics, along with cell interactions at the single cell level. It is used to determine the heterogeneity among people, and identify minority amongst group of people. It can also be used to discover unique characteristics in individual cells as well.
The global single cell analysis market is classified on the basis of product, application, workflow, end-use, and region. In terms of product, the market is grouped into consumables, instruments, and others. As per group by application, the market is classified into in-vitro fertilization, non-invasive prenatal diagnosis, stem cell, neurology, immunology, cancer, and others. Based on workflow, the market is grouped into data analysis, downstream analysis, and single cell isolation & library preparation. As per segmentation by end-use, the global market for single-cell analysis market is categorized into hospitals & diagnostic laboratories, biotechnology & pharmaceutical companies, academic & research laboratories, and others.
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The report on the global single cell analysis market is based on a qualitative and quantitative analysis of the market and its key growth parameters. It also discusses the key drivers, restraints, challenges, and upcoming growth opportunities that will pave way for the market in the years to follow. Additionally, the report also focuses on the table of segmentation and lists the name of the leading segment with its attributed factor. Furthermore, the report offers insights into the market in terms of trends, and recent innovations and recent steps taken by companies operating in this market to gain an upper hand in the overall market competition.
Single-cell Analysis Market: Competitive Analysis
Players of the global single-cell analysis market are indulging in collaborative agreements and joint ventures to gain an upper hand in the overall market competition. They are also investing heavily in research and development and sequencing techniques to attract the highest revenue for the market in the coming years. Some of the notable players of the global single-cell analysis market include:
- Novogene Corporation
- 10x Genoics Inc.
- Dickinson & Company
- Fluidigm Corporation
- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Bio-Rad Laboratories Inc.
- Merck Millipore
- QIAGEN NV
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Single-cell Analysis Market: Drivers and Restraints
The advancement in technology such as spatial genomics is expected to augment the growth of the market for single-cell analysis in the coming years. Additionally, the growing penetration of genomic technologies in development of drugs will also drive the market during the forecast period. This coupled with the increasing investments on personal medical expenditure and rising support from governments on research projects will boost the growth of this market in the coming years
Single-cell Analysis Market: Geographical Analysis
Regionwise, the market is dominated by Asia Pacific on account of the presence of a large population suffering from various diseases. This is common even in emerging nations such as India and China. Additionally, the increasing investments in research and development and growth of the drug discovery services in developed nations such as the United Nations are likely to Aid in expansion of the regional market. On the other side, the rapidly growing healthcare infrastructure and facilities in the emerging nations of India, China, Japan, and others are likely to help the Asia Pacific market generate notable revenues for the market in the forecast period. Additionally, the increasing disposable incomes of people and the advancement of advanced diagnostics is likely to create new growth opportunities for this region in the coming years.
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