According to Transparency Market Research, the single-cell analysis
market is anticipated to reach US$6.5 bn by 2025 at a CAGR of 15.4%
from 2017 to 2025.
Growing funding from government agencies for research on single-cell
analysis is likely to remain a key driver for the single-cell
analysis market in developed countries. For instance, the National
Institute of Health (NIH) provided funding to Bell Biosystems, Inc.
to carry out research on a project titled “Single Cell
Spatiotemporal and Functional Reporting Using Magneto-endosymbionts”
in 2015 and has remained a consistent contributor to advancements in
the cellular research sector. In addition, the growing number of
partnerships among key players to develop innovative platforms for
single-cell analysis contributes to the growth of the market.
The rising focus on life sciences research in EU countries such as
Germany, Spain, and Italy is a leading driver for the global
single-cell analysis market. Germany houses more than 700 life
sciences companies, leading to the country emerging as a leading
regional contender in the global single-cell analysis market.
Healthcare research has also prospered in Western Europe in recent
years, leading to steady growth of the single-cell analysis market.
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The growth of the single-cell analysis market in Asia Pacific is
anticipated to be driven by India and China, owing to the rising
healthcare expenditure in the countries, growing awareness among
people, increasing prevalence of cancer and other infectious
diseases, and increasing patient population, among others.
Furthermore, market players in Asia Pacific have been entering into
distribution agreements to enhance the reach of their products to
leverage the vast growth opportunities in Asia Pacific. For instance,
10x Genomics, Inc. entered into agreements with MDxK, Inc.,
Millennium Science Pty Ltd, Research Instruments Pte Ltd, and Star
Research Technology Ltd., for the promotion, sales, and support of
10x’s Chromium System in various Asian countries, including South
Korea, Australia, New Zealand, Southeast Asia, and China.
The booming medical tourism industry in Southeast Asia is likely to
remain a key driver for the single-cell analysis market in the coming
years, as this has driven a steady investment influx in the
single-cell analysis industry. The growing acceptance of IVF
procedures, previously seen as a taboo in several developing regions,
has also led to growing demand for single-cell analysis.
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Geographically, North America is likely to remain the dominant
contributor to the global single-cell analysis market despite the
steady growth of the market in Asia Pacific. Europe is also likely to
remain a valuable contender in the global single-cell analysis
market. By product type, consumables are likely to remain the leading
revenue generator due to the need for repeat demand for various
single-cell analysis consumables.
Major players in the single-cell analysis market include Thermo
Fisher Scientific, Inc., WaferGen Bio-systems, Inc., Becton,
Dickinson and Company, Fluidigm Corporation, Eppendorf AG, QIAGEN
N.V., NuGEN Technologies, Inc., Bio-Rad Laboratories, Inc., Illumina,
Inc., and 10x Genomics, among others. Steady product development is
likely to remain the key growth tactic for companies in the
single-cell analysis market, while collaboration with leading
companies in emerging regions could also turn out to be profitable
for single-cell analysis market players.
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