The report offers assessment and analysis of the Spatial Omics market on a global and regional level.
The global Spatial Omics market accrued earnings worth approximately 176 (USD Million) in 2020 and is predicted to gain revenue of about 625(USD Million) by 2028, is set to record a CAGR of nearly 17.5% over the period from 2021 to 2028. The report offers assessment and analysis of the Spatial Omics market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).
Complicated intercellular interactions and bio-molecular cues from extracellular matrix (ECM) severely impact cell functions. However, conventional proteomic & transcriptomic approaches have offered deeper insights into disease proliferation through identification of discrete cell population along with other pathological issues. Nevertheless, these methods are not able to accurately assess as to how a cellular state can relate interactions with surrounding cells. Moreover, spatial omics methods provide high resolution mapping of expression profiles of cell tissues similar to that provided by mass spectroscopy. Ability to retain spatial content of various cells in samples along with their cellular geometry and surrounding ECM is likely to offer spatial omics with an opportunity of exploring unexplored signal modalities, thereby brining a paradigm shift in ECM research activities & our understanding of fibrotic ailments.
Spatial Omics Market: Growth Drivers
Surge in acceptance of spatial genomics by start-ups and small firms along with its massive use in biomarker identification will drive market trends. In addition to this, rise in application of spatial genomics in drug development and medicine discovery will create lucrative avenues for spatial omics industry in foreseeable future. Rise in allocation of funds in biopharmaceutical sector will enlarge application scope of spatial omics in upcoming years. Nevertheless, low awareness about spatial omics methods in developing economies as well as high device costs will restraint growth of spatial omics industry over forecast timespan.
Furthermore, rapid spread of COVID pandemics has further boosted growth of spatial omics market over assessment period. Breakthroughs in tissue sequencing, gene sequencing, and single cell sequencing have led to evolution of spatial genomic sequencing methods, thereby driving spatial omics market expansion. In addition to this, growth of new techniques for spatial omics is set to produce lucrative avenues for research & diagnostics, thereby enhancing size of spatial omics industry.
Regional Landscape
North American Market to Acquire Numero Uno Position By 2028
The regional market expansion during forecast timeline can be attributed to rise in cancer cases along with escalating necessity of personalized drugs. Apart from this, presence of robust healthcare infrastructure & amenities and access to new diagnostic methods will define growth of business in sub-continent over assessment period. Rise in rate of mortality owing to surge in cancer, autoimmune disorders, inflammatory ailments, and metabolic diseases will generate need for new medical treatment modes, thereby boosting regional market trends.
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Competitive Landscape
Key participants profiled in study and leveraging market growth include PerkinElmer, Inc., Dovetail Genomics, IonPath, Inc., Nanostring Technologies, Inc., Seven Bridges Genomics, Danaher Corporation, Bio-Techne, Akoya Biosciences, Inc., Diagenode Diagnostics, S2 Genomics, Inc., Biognosys AG, Vizgen Corporation, Bruker Corporation, Brooks Automation, Inc., BioSpyder Technologies, and Rebus Biosystems.
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