Single-cell Genome Sequencing Market size is predicted to reach $9 billion by 2030, growing at a CAGR of 16.2% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The rising number of cases of chronic illnesses such as cancer and cardiovascular diseases and the increased funding in the research and development of vaccines are driving market growth, finds IndustryARC in its recent report, titled “Single-cell Genome Sequencing Market – By Product Type (Consumables, Reagents), By Technique (Flow Cytometry, Next-generation Sequencing, Polymerase Chain Reaction, Microscopy, Mass Spectrometry, Others), By Application (Cancer, Immunology, Microbiology, Others), By End-User (Academic and Research Laboratories, Hospitals and Diagnostic Centers, Biotechnology and Pharmaceutical Companies, Cell banks and IVF Centers), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030.”
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Asia-Pacific to Register Highest Growth:
The Asia-Pacific region is estimated to grow at the highest CAGR of 17.2% during the forecast period 2023-2030. The growth is fuelled by the increase in the number of cancer cases in the region. According to the International Agency for Research on Cancer, there would be approximately 15.1 million new cancer cases per year in Asia until 2040.
The unprecedented aging of the population is a key factor in this development. Japan, the country with the oldest population in the world, also has the highest number of cancer cases. This would boost the growth of the Single-Cell Genome Sequencing Market in the region during the forecast period, as medical researchers try to find a cure or better treatment options for cancer patients through Single-cell Genome Sequencing methods.
Single-cell Genome Sequencing Market 2023-2030: Scope of the Report
Base Year Considered
Market Size in 2030
Product Type, Technique, Application, End-user and Region
North America (the U.S., Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and the Rest of the World (the Middle East and Africa).
Key Market Players
1. Standard BioTools Inc.
2. QIAGEN N.V.
3. Illumina, Inc.
4. F. Hoffmann-La Roche AG
5. Thermo Fisher Scientific, Inc.
6. Bio-Rad Laboratories, Inc.
7. 10X Genomics, Inc.
8. Becton, Dickinson and Company
9. Oxford Nanopore Technologies Limited
10. Beijing Genomics Institute Group
11. Pacific Biosciences of California, Inc.
12. NuGEN Technologies, Inc.
13. Novogene Co. Ltd.
14. Takara Bio, Inc.
15. Danaher Corporation
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Single-cell Genome Sequencing Market Report – Key Takeaways:
The academic and research laboratories segment held more than one-third of the market share in 2022. Single-cell genomics is emerging as one of the major areas in scientific research and development. The rising prevalence of chronic diseases demands new cures and treatment options, which is further boosting the growth of the academic and research laboratories segment. Moreover, understanding the genomics of individual cells opens a new set of opportunities for the world of biotechnology.
The reagents segment is analyzed to grow with the highest CAGR of 17% during the forecast period. The use of single-cell sequencing reagents allows experts to process bulk samples with only 100 cell inputs. Recent advances in single-cell DNA sequencing techniques allow bulk DNA sequencing to be performed more efficiently and cost-effectively.
North America region held a major market share of 43% in 2022. The strong presence in this region can be attributed to the rising prevalence of chronic diseases as well as the product launches and expansions by key market players. In 2022, the American Cancer Society projected 1.9 million new cancer cases in the United States. This is one of the major factors driving the research activities in the Single-cell Genome Sequencing Market. Furthermore, Takara Bio, Inc., one of the key players in the market, launched the SMART-Seq Pro kit for the ICELL8 cx Single-Cell System. These factors allowed North America to hold a massive lead in the Single-cell Genome Sequencing Market.
Government agencies around the world have increased funding for vaccine development and production in response to the pandemic. This has led to increased use of single cell analysis (SCA) tools in research on COVID-19. SCA helps assess the peripheral immune function of the disease and advances the study of the pathophysiology and treatment options of the disease. Thus, the market is positively affected by COVID-19.
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Key Opportunity Analysis:
The rapid development of sequencing technologies is also expected to drive the growth of the single-cell genome sequencing market during the forecast period. Polymerase chain reaction (PCR) and next-generation sequencing are becoming popular technologies for various applications, especially single-cell genomic sequencing. In January 2022, a team of Stanford medical researchers and their collaborators developed a new ultra-fast genome sequencing method that offered a diagnostic rate about 12% higher than the average diagnostic rate for mysterious diseases.
Single-cell technology is used to study the processes and pathways of cellular heterogeneity at the molecular level, along with its assessment. This rapidly developing technology has important applications in immunology, oncology and other important fields. In addition, the development of advanced tools that simplify proteomic and transcriptomic processes will also promote the use of single-cell analysis methods, fueling the growth of the single-cell genome sequencing market.
Now that single-cell sequencing technology is being used in clinical applications, the number of research papers published online on this topic has skyrocketed. Every month, more than 70 related records in this field are published on PubMed, one of the largest archives of biomedical and life sciences journal literature at the U.S. National Institutes of Health’s National Library of Medicine. While some of these papers only offer a brief introduction to the technology, some focus on investigating its application. This trend has already started to create opportunities for the Single-cell Genome Sequencing Market in a significant manner.
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The Report also Covers the Following Areas:
Single-cell Genome Sequencing Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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The Global Single-cell Genome Sequencing Market is dominated by the key companies listed below:
Nucleic Acid Labeling Market – The Nucleic Acid Labeling Market is projected to grow at a CAGR of 8.3% from 2021 to 2026, owing to the rising demand for personalized medicines and advancements in tools and synthetic genome designing.
RNA Interference Market – The RNA Interference Market is projected to grow at a CAGR of 14.7% during the forecast period from 2022 to 2027. The growth of this market is mainly attributed to the rising usage of RNAi in cancer therapy and molecular diagnosis and the growing inclination to develop better medical infrastructural capabilities.
RNA Sequencing Market – The RNA Sequencing Market size is growing at a CAGR of 23.4% during the forecast period 2022-2027. It is due to the increased application of ion semiconductor sequencing and the advantages offered by RNA sequencing.
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