Albany, NY -- (SBWIRE) -- 07/23/2018 -- Global Single-Cell Analysis Market: Snapshot
Single-cell analysis consists of studying the structure of various types of cells relevant to human life at a cellular level. The detailed analysis provided by this type of analysis is helpful in various sectors and has been aided by the continuous technological updation in research implements. The booming healthcare and pharmaceutical industries have been at the forefront of driving the global single-cell analysis market and are likely to remain the most influential consumers in the coming years.
The single-cell analysis market studied in this report includes instruments and consumables that aid in the process of single-cell research. The market for single-cell analysis has been growing enormously owing to the increasing research on single-gene disorders, in-vitro fertilization processes which employ single-cell analysis to study the human embryo prior to implantation, cancer research, stem cell research, and neurological research, among others.
The global single-cell analysis market was valued at over US$2 bn in 2017 and is expected to rise to US$6.4 bn by 2025 at a robust 15.4% CAGR.
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Consumables Likely to Dominate Single-Cell Analysis Market due to Need for Repeat Orders
The single-cell analysis market has been segmented based on product and end user. Based on product type, the market has been segmented into instruments and consumables. Single-cell analysis instruments include cell counters, spectrophotometers, cytometers, sequencers, imaging systems, PCR, and others. The consumables segment of the single-cell analysis includes reagents and kits, micropipettes and micro plates, and others. Consumables were the dominant segment in the global single-cell analysis market in 2016 and are anticipated to remain dominant throughout the forecast period owing to the increasing research in the field of single-cell analysis, which increases the need for repeat orders for reagents and kits, which contribute to high revenue generation.
Among single-cell analysis instruments, sequencers are anticipated to grow at a significant high CAGR in the forecast period owing to the increasing demand for the NGS technique for analysis of single cells due to the accuracy and effectiveness of the process. This is anticipated to be followed by PCR systems, their growth being driven by the widespread application of real-time digital PCR systems in single-cell analysis and their ability to interpret the results with no errors.
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Asia Pacific Market's Rapid Growth Unlikely to Unsettle North America's Dominance
Geographically, the single-cell analysis market is segmented into five regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the market in 2016 owing to factors such increasing research funding, the presence of well-developed infrastructure, growing awareness among people, and increasing prevalence of cancer and infectious diseases, among others. The North America market for single-cell analysis was valued at US$715.7 mn in 2017 and is expected to rise to more than US$2.1 bn by 2025 at a steady 15% CAGR.
North America was closely followed by Europe in global singe-cell analysis market figures. Asia Pacific is also anticipated to grow at a high CAGR during the forecast period owing to the rising preference for distribution agreements between multinational and regional players; significant growth in the field of genomics, increasing prevalence of cancer and infectious diseases, dropping prices of treatment, low technology costs, and increase in medical tourism. The single-cell analysis market is expected to exhibit a higher CAGR in both Europe and Asia Pacific, with the former expected to rise at a 16.4% CAGR through the 2017-2025 forecast period, and the latter expected to reach a valuation of US$1.5 bn by 2025 at a robust 17.7% CAGR.
Major players in the single-cell analysis market include Thermo Fisher Scientific, Inc., WaferGen Bio-systems, Inc., Becton, Dickinson and Company, Fluidigm Corporation, Eppendorf AG, QIAGEN N.V., NuGEN Technologies, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., and 10x Genomics, among others.
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