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Global Single-Cell Genome Sequencing Market: Insights into Market Size, Growth Rate, Key Drivers and Trends
Single-Cell Genome Sequencing Market
Enormous Growth Expected in the Single-Cell Genome Sequencing Market- What's Driving It?
What Is The Projected Market Size Of The Global Single-Cell Genome Sequencing Market And Its Growth Rate?
• Market value in 2024: $2.49 billion
• Projected value in 2025: $2.84 billion (CAGR of 13.9%)
• Predicted value by 2029: $5.04 billion (CAGR of 15.4%)
The historic and anticipated growth can be attributed to increased understanding of genetic heterogeneity, rising demand for precision medicine, increased cancer research, growth in prevalence of infectious diseases, increased healthcare spending and increasing prevalence of autoimmune diseases, increasing neurological disorders, increasing government initiatives and funding, rise of contract research organizations (CROS), and increasing awareness of scrna-seq's potential.
What Is Driving The Growth In The Single-Cell Genome Sequencing Market?
Increasing prevalence of cancer is expected to propel the growth of the single-cell genome sequencing market. As cancer gradually matures from changes in genes that regulate cell division and control the normal functioning of cells, single-cell genome sequencing helps reveal the genetic changes that transpire in individual cancer cells. The rising prevalence of cancer cases, highlighted by statistics from American Cancer Society stating about 1.9 million new cancer cases and 609,360 cancer deaths in USA alone in 2022, will significantly contribute to growth of the market. By 2040, the numbers are estimated to escalate to 27.5 million new cancer cases and 16.3 million cancer deaths globally.
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Who Are the Key Players Driving Single-Cell Genome Sequencing Market Growth?
• F Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc.
• DH Life Sciences LLC.
• Becton Dickinson And Company (BD)
• Agilent Technologies Inc.
• Illumina Inc.
• Bio-Rad Laboratories Inc.
• QIAGEN GmbH
• Bio-Techne Corporation
• BGI Genomics Co. Ltd.
What Are The Key Trends In The Single-Cell Genome Sequencing Market?
• Advancements in single-cell sequencing technologies
• Development of single-cell multi-omics technologies
• Collaborative initiatives to accelerate advancements
• Innovative solutions
• Key players' partnerships
What Are The Segments Of The Global Single-Cell Genome Sequencing Market?
• By Type: Instruments, Reagents
• By Technology: Next-Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Quantitative Polymerase Chain Reaction (qPCR), Microarray, Multiple Displacement Amplification (MDA)
• By Disease Area: Cancer, Immunology, Prenatal Diagnosis, Neurobiology, Microbiology, Other Disease Areas
• By Application: Circulating Cells, Cell Differentiation Or Reprogramming, Genomic Variation, Subpopulation Characterization, Other Applications
• By End User: Academic Research Laboratories, Biotechnology Biopharmaceutical Companies, Clinics, Other End Users
Which Region Leads The Single-Cell Genome Sequencing Market?
North America was the largest region in the single-cell genome sequencing market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Single-Cell Genome Sequencing Market Global Market Report?
- Market Size Analysis: Analyze the Single-Cell Genome Sequencing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Single-Cell Genome Sequencing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Single-Cell Genome Sequencing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Single-Cell Genome Sequencing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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