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The Single-Cell Analysis Market to go the augmented reality ways, reaching US$ 24.52 Billion

11-30-2022 05:30 PM CET | Health & Medicine

Press release from: Persistence Market Research

The global single-cell analysis market was valued at US$ 3.30 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20% from 2022 to 2032.

The rising prevalence of cancer worldwide and rapid development of technologies have cascaded huge investments from life sciences companies and government funding initiatives for research activities. The research and development (R&D) in the field of medical and clinical diagnostics, the availability of advanced technologies such as sequencing, and the increasing adoption of single-cell analysis devices to understand the central dogma of molecular biology are some of the factors that are contributing to the growth of the market.

Thermo Fisher Scientific, Inc.
Bio-Rad Laboratories Inc.
Illumina Inc.
Merck KGaA
Becton, Dickinson & Company
Fluidigm Corporation
10x Genomics, Inc.
Novogene Corporation

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Demand Analysis of Single-Cell Analysis (2017-2021) in Comparison to Market Forecasts (2022-2032)

The COVID-19 pandemic has positively impacted the market for single-cell analysis (SCA). The pandemic has triggered the widespread adoption of SCA methods in virology research. In 2021, the single cell isolation and library preparation segment accounted for the largest revenue share of over 35.0%. This is due to the need for more accurate and rapid diagnosis of the virus.

In the years to come, the downstream analysis segment is gaining traction owing to the technological advancements over the past few years. Technologies such as the emergence of next-generation sequencing for analyzing cellular expressions, mass spectrometry, and FISH (Fluorescence in situ hybridization) have proven to be important tools for SCA. Also, the market is witnessing the increasing automation of machines and artificial intelligence for data analysis. This is likely to result in increased efficiency and accuracy in downstream analysis.

Competitive Landscape
Top companies in the single-cell analysis market are focusing on advancing their research and fast-tracking the development of new single-cell analysis to launch new products and gain a competitive advantage over other market players.

Major players are channelling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand for fatty amides. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market.

In December 2021, Canopy Biosciences, a Bruker Company, launched assay kits for ChipCytometry. The Canopy assay kits will be used to quantitatively image dozens of targeted protein biomarkers simultaneously on a single tissue section at a single-cell spatial resolution which will streamline the user experience with ChipCytometry for a shorter pathway to meaningful biological advances.

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In January 2022, BD Biosciences, a part of Becton, Dickinson & Company, acquired Cytognos S.L., a Spain-based biotech company that offers flow cytometry solutions. This acquisition has helped BD expand its flow cytometry portfolio for cancer diagnostics and clinical research.

Key Countries Covered

South Korea
New Zealand
South Africa

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