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Biological Data Visualization Global Market Analysis 2024: Size, Share and Growth Report | CAGR 15.5%
Biological Data Visualization Market
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According to The Business Research Company's, The biological data visualization market size has grown rapidly in recent years. It will grow from $0.61 billion in 2023 to $0.70 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to adoption of high-throughput technologies, emergence of single-cell analysis techniques, advancements in imaging techniques, growing focus on drug discovery and development, and rising investment in life sciences research.
The biological data visualization market size is expected to see rapid growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to integration of AI and machine learning for data analysis, expansion of genomics and proteomics research, increasing demand for personalized medicine, demand for real-time visualization tools, and increasing adoption of cloud-based solutions. Major trends in the forecast period include multi-omics integration, enhanced spatial understanding of biological structures, accelerating data interpretation using automated annotation and labeling, data harmonization and standardization, and interactive exploration of complex datasets using virtual reality (VR) and augmented reality (AR).
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Market Drivers and Trends:
Rising Demand For Healthcare Infrastructure Fuels Growth In The Bed Head Panels Market
Major companies operating in the biological data visualization market are focusing on developing advanced solutions, such as AI-powered single-cell analysis systems, to address limitations in existing tools and gain a competitive edge in the market. An AI-powered single-cell analysis system is an advanced technology that integrates artificial intelligence (AI) and machine learning (ML) with single-cell sequencing and analysis techniques. This system is designed to analyze data from individual cells at a high resolution, providing insights into cellular heterogeneity, gene expression, and cellular interactions within complex biological systems. For instance, in May 2023, Deepcell, a US-based biotechnology company, launched the REM-I Platform, an AI-powered single-cell analysis system designed to revolutionize biological research by offering scalable single-cell imaging, high-dimensional analysis, and cell sorting capabilities. This platform provides unique features, such as the ability to classify and sort cells based on morphological and phenotypic data without labeling and real-time, high-resolution visualization of cellular heterogeneity. This is expected to accelerate cell biology discovery and catalyze the field of morpholomics, offering researchers a powerful tool for unlocking the mysteries of individual cells.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson and Company (BD), GE HealthCare Technologies Inc., Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Sartorius AG, Nikon Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Carl Zeiss Meditec AG, QIAGEN N.V., Bio-Techne Corporation, Leica Microsystems, Promega Corporation, 10x Genomic Inc., Luminex Corporation, Abcam plc, Oxford Nanopore Technologies Ltd., Cell Signaling Technology Inc., Pacific Biosciences of California Inc., NanoString Technologies Inc., Fluidigm Corporation
Biological Data Visualization Market 2024 Key Insights:
• The biological data visualization market size is expected to see rapid growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%.
• Personalized Medicine Driving Biological Data Visualization Market Growth
• Technological Advancements In Data Visualization Methods for Enhanced Single-Cell Analysis
• North America was the largest region in the biological data visualization market in 2023
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