The global single-cell omics market involves technologies such as single-cell genomics, single-cell proteomics, and single-cell multi-omics that enable researchers to analyze thousands of individual cells simultaneously and understand biological processes at a single-cell resolution. Single-cell analysis delivers insights into cellular heterogeneity, signaling dynamics, and lineage decisions in normal and diseased tissues. It is gaining traction in applications such as cancer research, immunology and neuroscience research. The technology helps understand tissue architecture and cell-cell communication at an unprecedented resolution. The growing need to study rare cell types, understand cell-to-cell variations, and discover new cell types is fueling demand for single-cell analysis globally.
The Global single-cell omics Market is estimated to be valued at US$ 1.63 BN in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 to 2031.
Key Takeaways
Key Players Operating In The Global Single-Cell Omics Market are Bio-Rad Laboratories Inc., Agilent Technologies Inc., QIAGEN N.V., Thermo Fisher Scientific, Illumina Inc., Roche, Bio-Techne, and Pacific Biosciences. These players are focusing on increasing their geographic presence by adopting strategies such as new product launches, partnerships and acquisitions.
The growing adoption of single-cell analysis in cancer immunotherapy, stem cell and developmental biology research is expected to open lucrative opportunities for players in the market. Advancements such as single-cell multi-omics approaches that enable analysis of DNA, RNA, and proteins from the same cell are further expanding the scope for single-cell analysis.
In addition, companies are increasingly focusing on emerging Asian and Latin American markets where investments in life sciences research are rising significantly. Geographic expansion into Asia Pacific and Latin America is expected to contribute to the high growth of the single-cell omics market during the forecast period.
Market Drivers:
Advancements in single-cell analytics technologies: Continuous improvements in throughput and resolution of instruments, microscope-based techniques, and microfluidics have enabled high-throughput single-cell analysis of thousands of cells. This increasing technological capability is fueling market growth.
Rising investments in healthcare research: Government focus on promoting precision medicine and funding for healthcare research particularly in cancer and neurology has increased investments in life science research worldwide. This is driving demand for advanced analytical technologies such as single-cell omics.
Market Restrains:
High instrument costs: Single-cell analysis instruments, kits and reagents involve high costs which may constrain their widespread adoption, especially in price-sensitive developing markets. This is a major challenge for broader market growth.
Limited standardization: Differences in protocols, data types and formats generated by different single-cell platforms challenge the ability to compare or integrate datasets. This technical challenge needs to be addressed to enhance usability of single-cell omics techniques.
Segment Analysis
The global single-cell omics market is dominated by the Genomics sub-segment. This is because the genomic analysis of single cells enables understanding cell heterogeneity at an unprecedented level, which helps in various disease research and in the development of customized therapeutics. The technique also helps diagnose rare diseases and understand cancer at the single-cell level. The next major sub-segment is the Proteomics sub-segment. Proteomics analysis tools facilitate quantitative measurement of thousands of protein expressions in a single cell, which provides holistic insights into complex cellular behavior and function. This sub-segment is growing due to the increasing applications of proteomics in various disease studies.
Global Analysis
The North American region currently dominates the global single-cell omics market and is expected to continue its dominating position during the forecast period. The North American region has the highest expenditure on healthcare R&D globally. There is a strong presence of major market players and availability of latest omics technologies in the region. The Asia Pacific region is anticipated to register the fastest growth rate during the forecast period owing to rising government funding for genomic research, increasing healthcare expenditure, and growing number of genomics projects in emerging countries like China and India. Initiatives like Genome India Project aims to accelerate genomics research in the region.
Get More Insights On Global Single-Cell Omics Market