Global Single Cell Analysis Market is anticipated to reach USD 5.9 billion in the forecast period. Single-cell analysis is the study of transcriptomics, genomics, metabolomics and proteomics at the single cell level. The analysis provides the type of examination which is helpful in various segments and it has been supported by the constant technological updates in research implements.
Factors,
such as increasing focus on personalized medicine, technological developments
in single-cell analysis products, increasing research and development in the
single cell analysis field, rapid progression in the healthcare segment across
the globe and partnership and collaboration among key players to favor market
development are likely to drive the single-cell analysis industry in
forthcoming period.
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On
the other hand, high cost of single-cell analysis products and lack of
awareness are anticipated to hinder the market growth of single cell analysis
in the future. However, growth in stem cell research is likely to create lucrative
opportunities for the market. Single cell analysis market is anticipated to
expand at a significant CAGR in the upcoming period as the scope, product
types, and its applications are increasing across the globe.
Single
cell analysis industry is segmented by product type, types of cell, technique,
application, end user and geography. Based on product segmentation, the single
cell market comprises Consumable, and Instruments. The “Consumable” segment
accounted for a prominent share in the market. It is likely to witness
substantial growth in the years to come. The key factors that could be
attributed to the growth of the market include existing players accepting
numerous policies to boost sales and continuous demand from end users.
Based
on types of cell, the single-cell analysis market could span Animal, Human, and
Microbial Cells. The market could be explored based on technique as Polymerase
Chain Reaction, Mass Spectroscopy, and Others. The key applications that could
be explored in the single cell analysis industry include Diagnostic and
Research Applications. Single cell analysis market could be explored by the end
user as Biotechnology and Biopharmaceutical Companies, Academic & Research
Institutes, and Others.
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North
America is a leading region in the market. It is likely to maintain a dominance
in the forecast period owing to factors, such as the establishment of new
biopharmaceutical and biotechnology products in the region. Furthermore,
acceptance of gene-based analysis methods by these companies and research
laboratories is increasing the regional market growth.
In
addition, North America is followed by the Asia-Pacific region owing to several
government initiatives undertaken to progress healthcare infrastructure,
accessibility of skilled specialists to work advanced analytical instruments,
and increasing healthcare spending.
Key
players operating in the single cell analysis industry include Abcam Plc., 10X
Genomics, Agilent Technologies, Becton, Fluxion Biosciences, Bio-Rad
Laboratories, Inc., Dickinson and Company, Illumina, Danaher Corporation,
Bruker, GE Healthcare, Fluidigm Corporation, and Bio-Techne Corporation, among
others. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
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