WASHINGTON, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Growth in this Single Cell Analysis Market is mainly driven by factors such as technological advancements in single-cell analysis products coupled with rising Research and Development (R&D) in the pharmaceutical and biotechnology industries. Also, growing focus on personalized medicine, growth in stem cell research, and the rising prevalence of cancer is fueling the growth of Single Cell Analysis Market. However, the high cost of single-cell analysis products is a major factor hampering the growth of the single-cell analysis market. Owing to these on-going enhancements Single Cell Analysis Market is expected to flourish in near future, states Vantage Market Research, in a report, titled “Single Cell Analysis Market by Product (Consumables, Instruments), by Application (Cancer, Immunology, Neurology, Stem cell), by End-Use (Academic & Research Laboratories, Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Others), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”. The market size stood at USD 2.57 Billion in 2021.
The Global Single Cell Analysis Market size is expected to reach USD 4.18 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.
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The report on Single Cell Analysis Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Value Chain Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Porter’s Five Forces Analysis
- Global and Regional Dynamics
Market Overview:
Driver: Rising Cases of Cancer to Drive the Market
In recent years, the prevalence of cancer patients is increasing owing to pollution and unhealthy lifestyle. The most important application areas for single-cell analysis are cancer genomics. According to WHO, the number of cancer cases will rise to approximately 35 million by 2030 from 15.3 million cases and 8 million cancer deaths in 2021. The growth in this disease has resulted in a need to conduct extensive research for diagnosis and treating single-cell analysis forms which is considered to be an important part of this research. The analysis of individual cells enables the correct diagnosis of diseases and monitoring of treatment efficacy. Single-cell analysis aids in the enumeration of helper T-cells, determination of DNA content and monitoring the proliferation of tumour cells in breast cancer and other malignancies.
Restraint: High Cost of Single-Cell Analysis Products is expected to hinder the Single Cell Analysis Market Growth
The rising cost of Research and Development (R&D) in single-cell biology is because of the need to maintain high-quality standards i.e. use of high-grade, expensive products. This has to comply with the guidelines set by regulatory authorities. However, academic laboratories and research facilities find it difficult to afford such expensive instruments due to budget constraints. In addition, the maintenance costs and several other indirect expenses result in an overall increase in the total cost of ownership of these instruments. This is a major factor limiting the adoption of Single Cell Analysis devices in both clinical and research applications.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various healthcare facilities worldwide. The Single Cell Analysis Market also had a huge impact. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the swift spread of COVID-19. These actions led to a severe impact on the global economy impairing various industries. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data- points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Region 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
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Regional Analysis:
Increasing Growth of Single Cell Analysis Market in North America
The Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to the prevalence for increase in number of well-established Single Cell Analysis facilities and technical institutes in the US and Canada. Also, large number of on-going research studies and growth of the overall healthcare sector are among the few factors expected to contribute to the growth of this market in this region. Key players are spending huge funds in Research and Development (R&D) which is also one of the factors that are booming the development of Single Cell Analysis Market in this region.
For instance, in March 2021, Beckman Coulter (a subsidiary of Danaher Corporation) launched the CytoFLEX SRT Benchtop Sorter that features expanded laser and color options for use in labs of all sizes.
In March 2020, Fluidigm Corporation (US) opened a new Center of Excellence (CoE) for Imaging Mass Cytometry (IMC) in Singapore, together with the Singapore Immunology Network (SIgN), part of the Agency for Science, Technology and Research.
North America is anticipated to showcase largest growth over the forecast period. Moreover, to maintain the productivity of such innovative drugs and biologics, most of the leading pharmaceutical Industries and bio-pharmaceutical companies have started building Single Cell Analysis facilities or contracting external service providers.
List of Prominent Players in the Single Cell Analysis Market:
- Bio-Rad Laboratories Inc. (US)
- Illumina Inc. (US)
- Beckman Coulter Inc. (US)
- Danaher Corporation (US)
- Becton (US)
- Dickinson and Company (US)
- Fluidigm Corporation (US)
Browse market data Tables and Figures spread through 165 Pages and in-depth TOC on "Single Cell Analysis Market by Product (Consumables, Instruments), by Application (Cancer, Immunology, Neurology, Stem cell), by End-Use (Academic & Research Laboratories, Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Others), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/single-cell-analysis-market-512219
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Single Cell Analysis Market?
- How will the Single Cell Analysis Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Single Cell Analysis Market?
- What is the Single Cell Analysis market drivers and restrictions?
- What will be the CAGR and size of the Single Cell Analysis Market throughout the forecast period?
This market titled “Single Cell Analysis Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 2.57 Billion |
| Projected Market Size in 2028 | USD 4.18 Billion |
| CAGR Growth Rate | CAGR of 15.1% From 2022 - 2028 |
| Base Year | 2021 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2022 - 2028 |
| Segments Covered | Product
|
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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