The global Single Cell analysis market is expected to reach USD 5.0 billion by 2024, according to a new report published by Grand View Research, Inc. The rising adoption of Single Cell analysis tools owing to the improving healthcare scenario is fueling the growth of the market. —
The continuous efforts in the R&D sector of the healthcare industry are resulting in the wide applicability of the Single Cell analysis technologies in the different disease areas, as a widespread diagnostic tool to address the complex heterogeneity observed in cells. Introduction of stem cell therapies and non-invasive techniques for prenatal analysis are some of the examples of the applications of the Single Cell analysis techniques. On the contrary, the high-cost and long shelf-life of the instruments is challenging the growth of the market.
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In addition, the increasing pool of individuals suffering from target diseases, such as cancer, and neurological disorders, rising per capita income, and the government initiatives to encourage the R&D in healthcare sectors are augmenting the demand for Single Cell analysis in the developing countries. The extensive demand for non-invasive techniques for prenatal diagnosis to prevent the immunological and genetic disorders in fetuses is fueling the demand for Single Cell tests in the market. The penetration of advanced therapeutic tools for the treatment of chronic diseases, such as cancer related to the malfunctions of the Single Cells is proving to be a boon for the global market. Moreover, the adoption of stem cell therapy for treatments related to bone marrow transplants, hair regeneration, and other health-related issues is widening the scope of the Single Cell analytical technologies globally.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA). North America accounted for the largest market share and was followed by Europe in 2015.Well-developed healthcare and R&D infrastructure and the availability of skilled labor are pushing the adoption of Single Cell analysis in these regions.
AsiaPacificis expected to show the fastest growth rate during the forecast period. Factors, such as the booming medical tourism, availability of advanced healthcare treatments, and the availability of skilled healthcare professionals at a lower cost are some of the factors anticipated to accelerate the adoption of Single Cell analysis in the Asia Pacific region. Moreover, the increasing government expenditure for clinical research activities and the improvement of healthcare infrastructure are boosting the growth of the market. As a result, the Asia Pacific market is anticipated to capture around 21% of the global share during the forecast period.
Players are implementing strategies, such as partnerships, collaborations, and mergers to expand their market share. The collaborative agreement between Illumina, Inc. and Bio-Rad Laboratories, Inc. is one such example of the strategic endeavors undertaken by the market players.
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Single Cell Analysis Market, by Product, 2013 - 2024 (USD Billion)
• Micro plates
• Assay Kits
• Cell-based assays
• Other Consumables
• Flow cytometers
• Next-generation sequencing (NGS) systems
• Polymerase chain reaction (PCR)
• High-content screening systems
• Cell microarrays
• Single Live-cell imaging
• Automated cell counters
Single Cell Analysis Market, By Application, 2013 - 2024 (USD Billion)
• Stem cell
• Non-invasive prenatal diagnosis
• In vitro fertilization
Single Cell Analysis Market, by Region, 2013 - 2024 (USD Billion)
• North America
• U.S. Single Cell Analysis Market by Product
• Canada Single Cell Analysis Market by Product
• U.S. Single Cell Analysis Market by Application
• Canada Single Cell Analysis Market by Application
• Germany Single Cell Analysis Market by Product
• France Single Cell Analysis Market by Product
• Germany Single Cell Analysis Market by Application
• France Single Cell Analysis Market by Application
• Asia Pacific
• China Single Cell Analysis Market by Product
• India Single Cell Analysis Market by Product
• China Single Cell Analysis Market by Application
• India Single Cell Analysis Market by Application
• Latin America
• Brazil Single Cell Analysis Market by Product
• Mexico Single Cell Analysis Market by Product
• Brazil Single Cell Analysis Market by Application
• Mexico Single Cell Analysis Market by Application
• South Africa Single Cell Analysis Market by Product
• South Africa Single Cell Analysis Market by Application
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
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Release ID: 127099