Press release
Single-cell Analysis Market - Improved Treatment of Diseases to Present New Growth Opportunities
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The report is a veritable tool for a comparative analysis on how the global market for single-cell analysis will exhibit growth in the future. The report also looks into vital indicators such as driving forces, restraints, and opportunities that will influence the growth of the global single-cell analysis market during the aforementioned forecast period. Finally, analytical tools such as Porter’s five forces are used to analyze indicators of strengths, weakness, opportunities, and threats for this market between 2016 and 2023.
The global single-cell analysis market is anticipated to display high double-digit CAGR until the end of the forecast period in 2023. First and foremost, high amounts of funding received from governments in several developed countries for single-cell analysis research are propelling the market. Governments in some traditional research-centered regions such as North America and Europe are funding extensively for single-cell analysis to address anomalies associated with research based on a large group of cells.
The advancement in single-cell analysis has enabled biologists to comprehend gene expression in individual cells. Prior to this, gene expression computations were based on the theory that cell populations are homogeneous, which often omitted important characteristics of individual cells. Sometimes these cells have vast differences in terms of protein levels, expressed RNA transcripts, and size, that they could offer breakthrough developments in cancer research, stem cell biology, immunology, and more.
Moreover, the use of single-cell analysis in the rapidly advancing biopharmaceuticals and biologics sector can prove to be a game-changer for the development of these industry verticals. Companies involved in the global market for single-cell analysis are thus recommended to focus on emerging areas to capitalize on the various single-cell technologies.
Not only developed countries, but developing countries will also contribute a fair share to the growth of the single-cell analysis market. The rapidly advancing biotechnology and pharmaceuticals industries in China, India, and Japan will open growth opportunities for players in the single-cell analysis market. However, the high cost involved in single-cell analysis can slow down the growth of this market in developing countries.
Some of the leading companies operating in the global single-cell analysis market are Beckman Coulter Inc., Bio-Rad Laboratories Inc., Merck KGaA, Illumina Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., and Fluidigm Corporation.
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