Single Cell Analysis Market To Reach USD 13.62 Billion by 2031, Growing at a CAGR of 17.8%| Valuates Reports

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Feb 09, 2023, 11:00 ET

BANGALORE, India , Feb. 9, 2023 /PRNewswire/ -- Single Cell Analysis Market is segmented By Product (Consumables, Instruments), By Technique(Flow Cytometry, Next Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Mass Spectrometry Others),By End user (Academic and Research Laboratories, Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Others), By Application(Oncology, Immunology, Neurology, Stem cell, Non-Invasive Prenatal Diagnosis, In-Vitro Fertilization (IVF) Others) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Pharmaceuticals & Biotech Category.

The global Single Cell Analysis market size was valued at USD 2.64 billion in 2021, and is projected to reach USD 13.62 billion by 2031, growing at a CAGR of 17.8% from 2022 to 2031.

Major Factors Driving the Growth of the Single Cell Analysis Market

Because of technological advancements in the single-cell analysis along with an increase in R&D in the pharmaceutical and biotechnology industries, which also support the growth of the single-cell analysis market, it is anticipated that demand for single cell analysis will rise globally during the forecast period. Additionally, the rise in customized medicine research, the expansion of stem cell research, and the rise in cancer prevalence all contribute to the growth of the single cell analysis market.

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TRENDS INFLUENCING THE GROWTH OF THE SINGLE CELL ANALYSIS MARKET

The field of (single)-cell biology has entered a new phase thanks to next-generation sequencing (NGS) of RNA and DNA. The molecular profile of each cell in its environment may now be determined inexpensively and in a manner that can be quantitatively analyzed while simultaneously analyzing hundreds to millions of cells. The development of human genome databases and the provision of suitable human reference genomes, which is a prerequisite for personalized medicine and precision medicine, has been made possible by the advancement of NGS technologies in human genomics. One of the molecular biology fields with the most rapid technological development and diversification is single-cell RNA sequencing (scRNA-seq). It has been as revolutionary to examine gene expression at the resolution of individual cells as the introduction of bulk RNA sequencing was earlier. Several other next-generation sequencings (NGS)-based assays have been converted to single-cell methods in addition to single-cell RNA-seq. This factor is expected to drive the growth of the single cell analysis market.

The characterization of intra-tumor cellular heterogeneity, identification of unusual cell types, measurement of mutation rates, and, eventually, the guidance of diagnosis and treatment, are now possible because of recent advancements in single-cell technologies. To describe the cellular and molecular makeup of tumors, single-cell analysis has gained popularity as a tool in cancer research. Single-cell techniques resolve the cellular makeup of the tumor microenvironment in contrast to bulk technologies, which are restricted to an averaged signal that frequently represents the molecular states of the most numerous cell populations (TME). Since thorough profiling can identify the cell types and pathways involved in anti-tumor responses and immune evasion, this characterization has special potential for the field of tumor immunology. This in turn is expected to further drive the single cell analysis market.

For a very long time, immunologists have depended on techniques that offer analysis of specific immune cells to comprehend the diversity and complexity of the immune system. While tools like mass cytometry and flow cytometry have been essential for addressing challenging immunology concerns, further development in the field will necessitate the incorporation of multi-omic single cell data. This factor is expected to drive the growth of the single cell analysis market.

The COVID-19 epidemic had a favorable effect on the market for single cell analysis. Because of the financial and social implications of the pandemic, governments all over the world have increased funding for vaccine development and production, which has expanded the use of single-cell analytic methods for COVID-19 research.

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SINGLE CELL ANALYSIS MARKET SHARE ANALYSIS:

The single cell analysis market is segmented into consumables and instruments based on product. Due to the high usability of the products and frequent purchases of reagents, the rise in the prevalence of the target diseases, and the ongoing requirement for consumables required for assay, the consumables segment currently holds the largest market share and the highest CAGR, and it is anticipated that this trend will continue during the forecast period.

Oncology, immunology, neurology, stem cells, non-invasive prenatal diagnosis, in-vitro fertilization, and other applications make up the market. Due to the rising incidence of cancer, the oncology category contributed the majority of sales in 2021 and is expected to do so again over the projected period. Additionally, single cell analysis demonstrated promise for earlier cancer cell diagnosis, fueling the segment's expansion.

The market is segmented by technique into mass spectrometry, polymerase chain reaction, next-generation sequencing, flow cytometry, and others. Due to an increase in genome mapping programs, an increase in next-generation sequencing applications, an increase in healthcare spending, and technological advancements in sequencing platforms, the next-generation sequencing segment was the largest contributor to revenue in 2021 and is expected to maintain this trend during the forecast period.

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Key Companies:

10x Genomics
Agilent Technologies, Inc.
Becton, Dickinson and Company
Bio-Rad Laboratories
Danaher Corporation(Cytiva Life Sciences)
Illumina, Inc.
BERKLEY LIGHTS INC
BGI GENOMICS CO. LTD
DIASORIN GROUP (LUMINEX CORPORATION)
DOLOMITE BIO
MERCK KGAA
OXFORD NANAOPORE TECHNOLOGIES
QIAGEN N.V
Sartorius AG
STANDARD BIOTOOLS (Fluidigm Corporation)
TAKARA HOLDINGS INC
THERMO FISHER SCIENTIFIC, INC

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