by The global single-cell omics market has gained prominence in recent years owing to increasing adoption of single-cell analysis techniques across various application areas such as immunology, oncology, and neurology research. Single-cell omics techniques help analyze individual cells concurrently by capturing genomic, epigenomic and transcriptomic information from thousands of individual cells. Single-cell sequencing has significantly improved the resolution of research by enabling identification of cellular subpopulations and revealing transcriptional heterogeneities that were previously masked by bulk tissue analysis.
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 developing innovative single-cell analytical solutions and services to gain a competitive edge in the market.
The market presents significant opportunities for players in the areas of solid tumor analysis, microbiome analysis, and diagnostics. Single-cell analysis is finding increasing usage in translational research areas like prenatal diagnosis, cancer evolution studies, and detection of rare cell types.
An increasing number of companies are focusing on geographic expansion and establishing facilities across Asia Pacific, Europe, and Middle America. This is expected to boost the access to single-cell analysis technologies in clinical and academic research organizations globally.
Market drivers
The single-cell omics market is expected to witness high growth mainly due to increasing R&D investments to study complex diseases. Single-cell analysis allows comprehensive investigation of inter-tumor and intra-tumor heterogeneity that plays a critical role in disease progression and treatment responses. Rising healthcare expenditure coupled with favorable government funding for genomics research will also contribute to the growth of this market over the forecast period.
PEST Analysis
Political: The single-cell omics market is positively impacted by increasing government funding for research activities focused on developing single-cell analysis technologies and studies related to rare cell biology. Stringent regulations regarding standardization, data handling, and privacy of patient health records affect market growth.
Economic: Factors such as rising healthcare expenditure, growing genomics research budgets, increasing investments in biotechnology and pharmaceutical R&D, and growing demand for precision medicine are fueling market revenue. Development of high-throughput and affordable single-cell analysis techniques is driving their adoption across various end users.
Social: Increasing awareness about personalized medicine and demand for non-invasive techniques for prenatal diagnosis are driving the adoption of single-cell genomic and epigenomic profiling technologies across clinical applications. Growing focus on early disease detection and intervention is supporting market growth.
Technological: Advancements in microfluidics, next-generation sequencing, proteomic analysis techniques, and bioinformatics are enabling comprehensive multi-omics profiling of individual cells. Integration of AI and machine learning is increasing the throughput and efficiency of single-cell data analysis.
Based on geography, North America currently holds the largest market share. Major factors attributing to its leading position include strong government funding, well-established biotechnology and pharmaceutical industries, and presence of leading market players. Asia Pacific is expected to witness the fastest growth over the forecast period owing to increasing R&D investments, expanding biomedical industry, growing genomics research, and rising healthcare expenditure. Burgeoning biopharma sector and improving research infrastructure are fueling demand in the region.
Europe follows North America in terms of market share and is a major contributor to global demand. Presence of advanced research institutes, strong life sciences industry, and supportive government initiatives are major growth drivers. Latin America and Middle East and Africa are emerging as potential markets and will exhibit noteworthy growth over the coming years.
