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Rising Significance Of Personalized Medicine Propelling Growth In The Single-Cell Analysis Market: Powering Innovation and Expansion in the Single-cell Analysis Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Single-cell Analysis Market Through 2025?
The market size for single-cell analysis has witnessed a fast-paced expansion in the past few years. It will experience a growth from $3.5 billion in 2024 to $3.93 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.5%. The growth observed in the historic period is largely due to the surge in genomics research, increased level of funding, and R&D in the biopharmaceutical sector.
What's the Projected Size of the Global Single-cell Analysis Market by 2029?
The market size of single-cell analysis is anticipated to witness a swift expansion in the coming years. The market is predicted to reach a value of $7.05 billion in 2029, growing at a compound annual growth rate (CAGR) of 15.7%. The projected growth during this period is due to an extended range of applications, increased usage in clinical diagnostics, and developments in data analysis methods. The period will also see substantial trends like collaborations and partnerships, the integration of multi-omics, single-cell spatial analysis, automation, high-throughput technologies, incorporation of artificial intelligence and machine learning, and burgeoning applications within neurology.
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Top Growth Drivers in the Single-cell Analysis Industry: What's Accelerating the Market?
The rise in emphasis on personalized medicine worldwide is aiding the expansion of the single-cell analysis market. Personalized medicine refers to a healthcare approach where an individual's genetic profile guides the decisions related to disease treatment, prevention, and diagnosis. Single-cell analysis has the potential to provide valuable information regarding each patient's unique needs, the nature of their affliction, and the suitable personalized treatment. Thus, a growing number of patients are choosing personalized healthcare options. For example, the Personalized Medicine Coalition, a non-profit organization based in the US, reported that the FDA approved 16 new personalized treatments for patients suffering from rare diseases in 2023, a significant increase from six in 2022, as of February 2024. Consequently, the intensified focus on personalized medicine is bolstering the single-cell analysis market's growth.
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What Are the Key Trends Driving Single-cell Analysis Market Growth?
In the field of single-cell analysis, corporations are concentrating on clinical diagnostic items such as the ddSEQTM Single-Cell 3' RNA-Seq Kit to support high-standard single-cell RNA sequencing. The kit is engineered for meticulous RNA sequencing, permitting in-depth study of gene expression in separate cells. For instance, in June 2024, Bio-Rad, an international leader in life science research and clinical diagnostics from the US, introduced the Single-Cell 3' RNA-Seq Kit. This specific kit is made for mass sequencing of gene expression from individual cells, and captures the 3' end of mRNA transcripts. This allows scientists to assess and quantify gene expression patterns in single cells. The kit is commonly employed in investigations of cell heterogeneity, developmental biology, and disease mechanism, offering valuable data on intricate biological systems within the single-cell analysis market.
What Are the Main Segments in the Single-cell Analysis Market?
The single-cell analysis market covered in this report is segmented -
1) By Product: Consumables, Instruments
2) By Workflow: Single-Cell Isolation And Library Preparation, Downstream Analysis, Data Analysis
3) By Technique: Flow Cytometry, Next Generation Sequencing, Polymerase Chain Reaction (PCR), Microscopy, Mass Spectrometry, Other Techniques
4) By Application: Cancer, Immunology, Neurology, Stem Cell, Non-invasive prenatal diagnosis, In-Vitro fertilization, Other Applications
5) By End User: Academic and Research Laboratories, Biotechnology And Pharmaceutical Companies, Hospital And Diagnostic Laboratories
Subsegments:
1) By Consumables: Reagents, Kits, Assay Plates And Containers, Microfluidic Chips
2) By Instruments: Flow Cytometers, Cell Sorters, Microscopes, Imaging Systems, Single-Cell Sequencers
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Which Top Companies are Driving Growth in the Single-cell Analysis Market?
Major companies operating in the single-cell analysis market include Becton Dickinson and Company, Merck KGAA, QIAGEN N. V., Thermo Fisher Scientific Inc., Illumina Inc., Standard BioTools Inc., 10X Genomics Inc., Bio-Rad Laboratories Inc., Novogene Corporation Limited, Agilent Technologies Inc., Sartorius AG, Luminex Corporation, Fluxion Biosciences Inc., Oxford Nanopore Technologies Ltd., 1CellBio Inc., 3D Biomatrix Inc., ACEA Biosciences Inc., Akoya Biosciences Inc., Berkeley Lights Inc., Bio-Techne Corporation, Celsee Inc., Cellular Research Inc., Cytena GmbH, Dolomite Bio Limited, Drop-seq Technologies Inc., Epic Sciences Inc., Ginkgo Bioworks Inc., IsoPlexis Corporation, Menarini Silicon Biosystems S. p. A., Mission Bio Inc., NanoCellect Biomedical Inc., NemaMetrix Inc., OnRamp Bioinformatics Inc., Partek Incorporated, RareCyte Inc., Scienion AG, SeqWell Inc., Sphere Fluidics Limited, Takara Bio USA Holdings Inc.
Which Regions Will Dominate the Single-cell Analysis Market Through 2029?
North America was the largest region in the single-cell analysis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the single-cell analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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