Single-Cell Analysis Market to Witness Robust Expansion throughout the Forecast 2022-2032

Market Overview:

The global single-cell analysis market size is expected to reach US$ 3.96 Billion by 2032, according to a new report by Persistence Market Research, expanding at a CAGR of 20% from 2022 to 2032. Technology advances, expanding applications in cancer research, and higher government funding for cell-based research are the main drivers of the market. In addition, the market is advancing as a result of the COVID-19 pandemic.

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Market Growth Factors

The growing number of cancer cases worldwide, combined with rapid technological advances, has led to a surge in investments in research by life sciences companies and government agencies. This has resulted in significant progress in the development of new medical and clinical diagnostic tools, including advanced sequencing technologies and single-cell analysis devices. These tools are helping researchers to better understand the fundamental processes of molecular biology, which is leading to new and improved treatments for cancer and other diseases.

Government agencies around the world have increased funding for vaccine development and production in response to the ongoing pandemic's economic and social costs, which has increased the use of SEA tools for COVID-19 research. In order to develop better prognostic and diagnostic indicators and establish suitable therapeutic approaches for people with serious disease presentation, it is essential to know the host immune response throughout pathogenicity.
Single-cell technology aids in the molecular level examination of pathways and processes as well as the assessment of cellular heterogeneity. This technology is developing rapidly with uses in oncology, immunology, and other fields. Further, the development of sophisticated tools that make transcriptomic and proteomic processes simpler is boosting the use of SEA methods.

Researchers are now able to comprehensively examine previously unstudied uncommon cell types owing to developments in scRNA sequencing (scRNAseq). The application of single-cell genomic/transcriptomic analysis in the biomedical area has been greatly expanded by the development of microfluidics technology. Furthermore, cell dissociation and tissue digestion have been adapted for a large range of microfluidic devices, which have increased the adoption of SEA technology and further boosted industry growth.

The rising investment flow in R&D in this space is reflected in the rising number of research publications. Additionally, scientists are analyzing geographic variability in gene expression profiles at the single-cell level, which is expected to increase the demand for consumables and equipment for analysis, thus propelling the industry's growth.

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Here are some of the ways that the market challenges are being addressed:
• High cost of instruments and reagents: Companies are developing more affordable single-cell analysis instruments and reagents. Additionally, some companies are offering subscription-based models to make these technologies more accessible.
• Lack of standardization: Efforts are underway to develop standardized protocols and data analysis methods for single-cell analysis. These efforts are being led by industry consortia and academic researchers.
• Complexity of data analysis: Companies are developing software tools to help researchers analyze and interpret single-cell data. These tools are becoming more user-friendly and affordable.
• Technical limitations: Researchers are developing new techniques to overcome the technical limitations of single-cell analysis. For example, new methods are being developed to isolate and analyze single cells from complex tissues.
• Regulatory hurdles: Companies are working with regulatory agencies to develop clear guidelines for the approval of single-cell-based diagnostic and therapeutic tools.

Overall, the market challenges for single-cell analysis are being addressed by a combination of technological advances, industry collaboration, and regulatory guidance. These efforts are expected to pave the way for the continued growth of the single-cell analysis market in the coming years.

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Key Highlights of Single-Cell Analysis Market
• By application, single-cell analysis for detecting cancers accounted for 30% revenue in 2021
• Around half of the single-cell analysis market revenue was contributed by consumable products
• 7 out of 10 single-cell analysis technologies to be deployed across academic & research institutes
• North America to be an opportunistic market for single-cell analysis, accumulating 35% revenue
• APAC to show significant expansion prospects, with China likely to emerge as the most prominent growth hotspot
• By analysis, downstream single-cell analysis to take the cake

"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," says an analyst at Persistence Market Research.

Key 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. Some of the players in the single-cell analysis market are Illumina Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Becton, Dickinson and Company, Beckman Coulter Inc. (Danaher Corporation), and Fluidigm Corporation.
• 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.
• In January 2022, BD Biosciences, a part of Becton, Dickinson & Company, acquired CytognosS.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.

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Persistence Market Research, a research and consulting firm, has published a revised market research report on the electric cargo bike market that contains a global industry analysis of 2017-2021 and an opportunity assessment for 2022-2032. The report provides in-depth analysis of the market through different segments, namely, product type, battery type, end use, and region.

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