Single Cell Analysis Market To Reach $5 Billion By 2024: Grand View Research, Inc.
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.
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.
Browse full research report on Single Cell Analysis
Market: http://www.grandviewresearch.com/industry-analysis/single-cell-analysis-market
Further key findings from the study suggest:
- The consumables segment accounted for the largest
market share and is expected to maintain its dominance owing to the repeat
purchase of reagents, assay kits, beads, and microplates
- The instruments market segment is expected to show
significant growth during the forecast period
- The applications segment of the market is further
divided into cancer, neurology, immunology, prenatal diagnosis, and
in-vitro fertilization. Increasing prevalence of the target diseases is
propelling the growth of the market.
- North America captured the largest market share of
around 38% in 2015 and is estimated to maintain its dominance throughout
the forecast period. Speedy adoption of analytical techniques and the
rising R&D efforts in the field of diagnostics are the major factors
contributing to the largest market share of North America in the global
market. The AsiaPacific region is expected to show significant growth from
2016 to 2024 due mainly to the flourishing clinical research sector,
medical tourism, and the high government healthcare expenditure in the
region.
- The major market players in this market include but
are not limited to Thermo Fisher Scientific, Inc., Illumina, Inc., Qiagen
N.V., Bio-Rad Laboratories, Inc., Merck Millipore GmbH, Beckman Coulter,
Inc. (U.S.),Becton, Dickinson and Company (U.S.)
Browse more reports of this category by Grand View research:
http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the Single Cell analysis
market on the basis of product, application and region:
Single Cell Analysis Market, by Product, 2013 - 2024 (USD
Billion)
- Consumables
- Beads
- Micro
plates
- Reagents
- Assay
Kits
- Immunoassays
- Cell-based
assays
- Other
Consumables
- Instruments
- Manual
- Microscopes
- Haemocytometers
- Automated
- Flow
cytometers
- Next-generation
sequencing (NGS) systems
- Polymerase
chain reaction (PCR)
- Spectrophotometers
- High-content
screening systems
- Cell
microarrays
- Single
Live-cell imaging
- Automated
cell counters
Single Cell Analysis Market, By Application, 2013 - 2024
(USD Billion)
- Cancer
- Immunology
- Neurology
- 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
- Europe
- 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
- MEA
- South
Africa Single Cell Analysis Market by Product
- South
Africa Single Cell Analysis Market by Application
About Grand View Research
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. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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