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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Spatial Genomics and Transcriptomics Market Outlook
The global spatial genomics and transcriptomics market attained a value of USD 209.28 million in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.0% to reach USD 454.53 million in 2032.
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The industry is primarily being driven by the rising investments in the industry. North America is the largest regional market in the industry, whereas the Asia Pacific is expected to be the fastest-growing market in the forecast period.
Global Spatial Genomics and Transcriptomics Market Properties and Applications
Spatial genomics and transcriptomics allow researchers not only to see what is in a cell but also how cells are arranged in relation to each other to create invaluable insights into a disease. Spatial genomics and transcriptomics provide transcriptomic discovery and variety. It has various applications, particularly in molecular genetics.
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The industry can be segmented into:
- Consumables
- Instruments
- Software
- Services
The industry can be broadly categorised based on its applications into:
- Diagnostics and Disease Profiling
- Drug Discovery
- Others
It finds its end-uses in the following sectors:
- Government Institutes and Academic Centres
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Global Spatial Genomics and Transcriptomics Market Analysis
The cumulative demand for robust diagnostic solutions for cancer, ongoing innovations in genetic devices, and the growing investments in genomics and transcriptomic studies are the key drivers of the industry growth. Emerging and start-up engineers are also working to address the growing demand for advanced technology to research spatial trends by introducing innovative products to their portfolio. The growing demand for biomarkers, which allow benign tumours to differentiate more accurately from malignant tumour, is increasing the demand for spatial genomic analysis as a diagnostic cancer tool.
The global spatial genomics and transcriptomics market is being driven by the rising awareness of disease management and drug discovery. The rapidly developing application segments in the market are disease management and drug discovery. The growth in genome awareness has resulted in increased research into a number of rare diseases in genetics and oncology. In addition, the increased demand for neurological and immunological diagnostics, as well as other biological fields, has significantly affected the industry growth.
Global Spatial Genomics and Transcriptomics Market Competitive Landscape
The report presents a detailed analysis of the following key players in the global spatial genomics and transcriptomics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 10x Genomics
- Dovetail Genomics LLC
- Illumina, Inc.
- S2 Genomics, Inc.
- NanoString Technologies, Inc.
- Horizon Discovery Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Segmentation |
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| Breakup by Application |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global spatial genomics and transcriptomics market attained a value of nearly USD 209.28 million.
The market is projected to grow at a CAGR of 9% between 2024 and 2032.
The industry is being propelled by the increased investments, increasing consciousness of disease management and drug discovery, growing need for neurological and immunological diagnostics, and growing demand for biomarkers.
The key trends augmenting the industry’s expansion are the rising need for effective cancer diagnostic solutions and increased funding in genomics and transcriptome studies.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with North America accounting for the largest share in the market.
The industry can be segmented into consumables, instruments, software, and services.
The disease management and drug discovery segments are the dominant applications in the industry.
The end-uses include government institutes and academic centres, pharmaceutical and biotechnology companies, and contract research organisations (CROs).
The major players in the industry are 10x Genomics, Dovetail Genomics LLC, Illumina, Inc., S2 Genomics, Inc., NanoString Technologies, Inc., and Horizon Discovery Ltd., among others.
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