PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1529516
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1529516
The single-cell analysis market is projected to reach USD 6.9 billion by 2029 from an estimated USD 3.7 billion in 2024, at a CAGR of 13.6% during the forecast period from 2024 to 2029. The growth of this market can be attributed to the increasing focus on personalized medicine. The rising R&D investments pharmaceutical & biotechnology industries is propelling the growth of single-cell analysis. Additionally, factors such as growth in stem cell research and technological advancements in single-cell analysis products are expected to contribute to the growth of single-cell analysis market. Also, growing incidences of cancer is promoting the need of advanced therapies resulting to boost the growth of single-cell analysis market. Moreover, rising adoption of advanced single-cell sequencing technique is expected to propel the market growth in coming years.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | Product, Cell Type, Technique, Application, and End User |
Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
"The research application segment accounted for the largest share of by application segment in 2023."
Based on application, single-cell analysis market is segmented into research application and medical application. Research application further categories into cancer research, immunology research, neurology research, stem cell research, and other research applications. Similarly, medical research is divided into non invasive prenatal diagnosis, in vitro fertilization, and circulating tumour cell detection. In 2023, the research application segment accounted for the largest share of the global single-cell analysis market by application. Increasing prevalence of cancer is driving the need of advanced thearpies resulting to promote segment's growth in the single-cell analysis market. Additionally, growth in stem cell research is anticipated to promote the segment's growth in single-cell analysis market.
"The flow cytometry segment accounted for the major share of by technology segment in 2023."
Based on technology, single-cell analysis market is segmented into flow cytometry, next-generation sequencing, polymerase chain reaction, microscopy, mass spectrometry, and other techniques. In 2023, the flow cytometry segment accounted for the major share of the global single-cell analysis market by technology. The growth of the flow cytometry segment is primarily attributed to the wide usage of flow cytometry in single-cell analysis application due to its ability to perform multiple measurements within heterogeneous mixture. Additionally, growing adoption of advanced technologies for cell identification and cell characterization is anticipated to boost the segment growth in single-cell analysis market.
"The US has continued to dominate the single-cell analysis market in 2023."
Based on the region, the single-cell analysis market is segmented into six major regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, US dominated the single-cell analysis market in North America. The US is the world's largest biopharmaceutical market and a leader in biopharmaceutical research/investments. The US also has a strong healthcare infrastructure, which drives research and development in the life sciences sector. Additionally, the significant presence of many biopharmaceutical companies and growing research activities in the biotechnology industry are propelling market growth in the US. Moreover, growing focus on development of personalized medicine due to growing incidences of cancer is also driving the growth of the single-cell analysis market.
This research report categorizes the single-cell analysis market by product (consumables (reagents, assay kits (immuno assays and cell based assays), beads, microplates, and other consumables) and instruments(PCR instruments, NGS systems, flow cytometers, spectrophotometers, cell counters, microscopes, HCS systems, microarrays, and other instruments)), cell type (human cells, animal cells, and microbial cells), technique (flow cytometry, next-generation sequencing, microscopy, polymerase chain reaction, mass spectrometry, and other techniques), application (research application (cancer research, immunology research, neurology research, stem cell research, other research applications) and medical application (non invasive prenatal diagnosis, in vitro fertilization, and circulating tumour cell detection), end user (academic & research laboratories, biotechnology & pharmaceutical companies, hospitals & diagnostic laboratories, and cell banks & IVF centers), and by region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the single-cell analysis market. A thorough analysis of the key industry players has been done to provide insights into their business overview, products, key strategies, collaborations, partnerships, and agreements. Also, it includes new product launches, collaborations and acquisitions, and recent developments associated with the single-cell analysis market.
The report will help market leaders/new entrants by providing the closest approximations of the revenue numbers for the overall single-cell analysis market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to position their business better and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.