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Global Spatial Genomics & Transcriptomics Market

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Global Spatial Genomics & Transcriptomics Market size was valued at US$ 179.4 Mn in 2019 and the total revenue is expected to grow at 10.1 % through 2019 to 2027, reaching nearly US$ 372.9 Mn in the forecast period.
Global Spatial Genomics & Transcriptomics Market Overview.

Spatial transcriptomics is a revolutionary molecular summarizing method utilized by scientists to evaluate and quantify the activities made by a gene in a tissue sample and map where the activity is occurring. Genomics offers an overview of the complete genetic instruction given by DNA and transcription investigates gene expression patterns.

Global Spatial Genomics & Transcriptomics Market

Global Spatial Genomics & Transcriptomics Market

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The report has covered the market trends from 2015 to forecast the market through 2026. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Spatial Genomics & Transcriptomics Market Dynamics:

Spatial Genomics & Transcriptomics Market is growing with a CAGR of 10.1% during the forecast period at a rapid pace due to technological innovation and huge biomedical research activities carried out on gene mutation and advancement in gene therapy. Owing innovation in technologies has resulted in the shifting of conventional imaging technologies to high throughput sequencing technologies by identifying the positional information of RNA and DNA.

The biopharmaceutical companies are focusing more on mergers and collaboration to sustain in the marge and gain huge revenues to generate profit in the market. Companies like Dovetail Genomics are focusing on the expansion of their business in coming years like Dovetail Genomics introduces a Dovetail™ Micro-C and HiChIP Kits. As result, this expansion will benefit the researcher’s superior resolution of chromatin contacts down to the mono-nucleosome level. Dovetail HichIp is a powerful novel technology that combines with micro-C and Micro-C and chIp-sequencing to offers simple process management to facilitate the researchers Assay protein direct modification to chromatin.

In addition, the spatial genomics and transcriptomics market has a huge demand in the field of disease. Moreover, spatially resolved Omics need more innovation for the development of the new method in the healthcare sector to motivate the market for future growth in the forecast period.

In June 2021, The market player like Nanostring’s Digital Spatial is boosting the research activities on SAR-CoV-2 as the company is operating into FFPE samples specimens invented for COVID-19 Autopsies.
Global Spatial Genomics & Transcriptomics Market Segment Analysis:

The Spatial transcriptomics technology is anticipated to adhere to the growth of the product segment of the Spatial Genomics & Transcriptomics Market.

The segment special transcriptomics technology is gaining more attention in the market and has marked a revenue share of 83.4% in 2020. The growth of the segment is attributed to the high adoption of the transcriptomics segment as compared to the genomics segment for the analysis of single-cell transcriptomics. The growth of the special genomics and transcriptomics market is further accelerated due to the availability of automated sequencing methods like laser capture microdissection technique (LCM) to satisfy the requirement for nucleic acid sequencing of biological specimens.

Moreover, the awareness about tissue heterogenicity has fueled the launches of unique sequencing technologies that are targeted for the storing of genomic or spatial information for future reference. And this factor is likely to initiate market growth in the forecast period. Besides the genomic perturbation tools like CRISPR/Cas9 system are likely to boost the application of genomic tools for the investigation of the mammalian genome that reveals the alteration leading towards a shift in phenotype.
The consumables segment is supplementing the growth of the Spatial Genomics & Transcriptomics Market.

Consumable’s segment is significantly boosting the market of spatial genomics and transcriptomics in the forecast period with a market share of 57.2% in 2020. The growth of the market is attributed to the factors like high product penetration, growing adoption of consumables, frequent use of kits and reagents for instruments in genomics and transcriptomics, and the vast availability of consumables. These instruments are used in genomic mapping for the preparation of sample specimens. Moreover, the advancements and additional feature in the consumables segment is boosting the adoption by the research in the biopharmaceuticals and research activities.
The academic customers’ segment is Trending in the End-User Segment of Spatial Genomics & Transcriptomics Market.

The academic customer segment is dominating the end-user segment with 61.2% in 2020. The factor attributing to the growth of the market is the increasing application of genomics and transcriptomics by researchers in academic institutes. These techniques are widely used for the all-inclusive assessment of a wide range of diseases. For example, a research institute like Children’s Hospital for Philadelphia has experience in both locus discovery and GWAS in both academic and biotech settings. These organizations have installed a center for longitudinal and functional genomics to study the genetics of various diseases and the morphology of various diseases derives from genetic disorders like Cancer, Diabetes, and Alzheimer’s. Further, the Genomic and transcriptomics technology has wider opportunities in the sector like Human Cell Atlas.

The segment has gained huge attention in the market with the largest market share in 2020 in the application of spatial Omics technologies in translational research activities. This factor is further boosting the application in various healthcare fields together with the launches of new diagnostic tools therapeutics. The growth is further stimulated by the other sub-segments like translational research, diagnostic centers, pharmaceuticals.

Global Spatial Genomics & Transcriptomics Market 1
Global Spatial Genomics & Transcriptomics Market Regional Insights:

Spatial Genomics & Transcriptomics Market is regionally segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

North America is leading in the Spatial Genomics & Transcriptomics market due to the presence of renowned market players in North America like Illimina Inc and 10X Genomics. North America accounts for 47.2% of revenue share in the year 2020. Moreover, the strategic investment by the government and the market players in transcriptomics R & D and diseases pathology for the innovation of advanced diagnostic treatment and the tools is likely to Amplify the market growth of North America. Further, Illumina, Inc. invested USD 677 million in R&D for new sequence analysis technology to obtain rapid results. And this factor is stimulating the growth of the Spatial Genomics & Transcriptomics market.

The Asia Pacific is estimated to grow at a significant pace due to growing mergers between diagnostic research centers and the Asia research institutes. The market players in the regions are further focusing on research activities carried out by emerging market players in the region. Further, the biotechnology market of China is proliferating with a CAGR of 8.1% in the forecast period and this is a factor that is inspiring the growth of the Spatial Genomics & Transcriptomics market in the Asia Pacific.

Global Spatial Genomics & Transcriptomics Market 2

The objective of the report is to present a comprehensive analysis of the Global Spatial Genomics & Transcriptomics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Spatial Genomics & Transcriptomics Market dynamics, structure by analyzing the market segments and project the Global Spatial Genomics & Transcriptomics Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global Spatial Genomics & Transcriptomics Market make the report investor’s guide.

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Global Spatial Genomics & Transcriptomics Market Scope: Inquire before buying

Global Spatial Genomics & Transcriptomics Market 3
Global Spatial Genomics & Transcriptomics Market, by Region

• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Netherlands
• Asia Pacific
o Japan
o China
o India
o South Korea
o Australia
o Singapore
• Latin America
o Brazil
• Middle East and Africa (MEA)
o South Africa
Global Spatial Genomics & Transcriptomics Market Key Players

• Natera Inc.
• 10x Genomics
• Dovetail Genomics
• Illumina, Inc.
• S2 Genomics, Inc.
• NanoString Technologies, Inc.
• Seven Bridges Genomics
• Horizon Discovery Group plc
• CARTANA AB
• READCOOR, INC.
• Bio-Techne
FAQs:

1. What is the global Spatial Genomics & Transcriptomics market share in 2019?

Ans: Approximately, 179.4 million USD.

2. What is the global Spatial Genomics & Transcriptomics market growth?

Ans: The global Spatial Genomics & Transcriptomics market is anticipated to grow with a CAGR of 10.1% in the forecast period and is likely to reach 372.9 million by the end of 2027.

3. Which technology is expected to dominate the global Spatial Genomics & Transcriptomics market during the forecast period?

Ans: The segment special transcriptomics technology is dominating in the market and with 83.4% in 2020. The growth of the segment is attributed to the high adoption of the transcriptomics segment as compared to the genomics segment for the analysis of single-cell transcriptomics.

4. Which region is expected to dominate the global Spatial Genomics & Transcriptomics market during the forecast period?

Ans: North America dominates the Spatial Genomics & Transcriptomics market owing to increasing strategic investment by the market players like Illimina Inc and 10X Genomics.

5. What are the key driving factors for the growth of the global Spatial Genomics & Transcriptomics market?

Ans: The factors driving the market are technological innovation and huge biomedical research activities carried out on gene mutation and advancement in gene therapy.

 

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