DUBLIN--(BUSINESS WIRE)--The "Single-cell Genome Sequencing Market- Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The Single-cell Genome Sequencing Market is projected to register a CAGR of 15.2% during the forecast period.
Companies Mentioned
- 10x Genomics
- BD
- BGI
- Bio-Rad Laboratories, Inc.
- F. Hoffmann-La Roche Ltd.
- Fluidigm Corporation
- Illumina, Inc.
- Oxford Nanopore Technologies plc.
- PacBio
- QIAGEN
- Takara Bio Inc
- ThermoFisher Scientific, Inc.
Key Market Trends
PCR Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Factors such as initiatives by key market players such as product launches and collaborations are expected to increase the market growth in the forecast period. The market segment's growth is boosted by the launch of products in the market.
For instance, in June 2020, Stilla Technologies launched one of the world's first six-color digital PCR instruments named 'the six-color Prism'. This system can be used widely in oncology, infectious disease, gene therapy, disease monitoring, and food testing. Similarly, in October 2019, MGI launched its new one-stop sequencing package, including the portable "express" sequencing system DNBSEQ E series, the modular "digital bio lab" DNBelab D series for use with the sequencing system, and a new single "cell" DNBelab C series, a handheld single-cell laboratory that can fit into a pocket.
MGI's new tools can be customized or upgraded according to user needs, providing an ideal overall package for the industry. The whole set of equipment is compact and portable. The desktop system is less than 0.1 square meters in size. At the same time, the package is highly automated, with manual steps of less than 10 minutes for the entire process, which can go from DNA samples to reports in as little as 8 hours.
Additionally, the market segment is boosted by the strategic collaboration among the players to strengthen the opposition worldwide. For instance, in October 2021, PerkinElmer and Honeycomb Biotechnologies announced the launch of the first-of-its-kind HIVE scRNAseq Solution for single-cell isolation and analysis. The HIVE solution leverages a portable, handheld device for the capture, storage, and RNA-Seq library preparation of a diverse range of cell types, including fragile and labile cells such as granulocytes, nephrons, hepatocytes, and neurons. The HIVE solution requires no specialized instrumentation and expands opportunities for laboratories pursuing basic, translational, clinical, and preclinical research.
Thus, owing to the abovementioned factors, the PCR segment of the market is expected to project considerable growth over the forecast period.
North America is Expected to Dominate the Market Over the Forecast Period
Factors such as rising disease prevalence and product launches and expansions by key market players are expected to drive the market growth in the region. According to Cancer Statistics 2021, published in the American Cancer Society Journal, an estimated 1.9 million new cancer cases are diagnosed and 608,570 cancer deaths in the United States, which will drive the market significantly.
Similarly, according to data by Globocan 2020, the country's estimated number of new cancer cases in 2020 was 195,449, and according to WHO, in 2018, the country had 190,667 cancer cases. The number of cancer cases in the country is expected to increase during the forecast period, thus driving the market's growth. Furthermore, launching new products based on single-cell sequencing will drive the market growth significantly.
In October 2021, Takara Bio USA, Inc., a fully owned subsidiary of Takara Bio Inc., launched the SMART-Seq Pro kit for the ICELL8 cx Single-Cell System. Scientists can collect full-length transcriptome data from over 1,500 single cells simultaneously using this automated single-cell RNA-seq technology from a wide range of sample types, including huge, delicate adult cardiomyocytes.
Furthermore, in March 2020, to fight the COVID-19 public health problem, inference, a Cambridge-based company, announced the creation of a first-of-its-kind software resource that synthesizes disparate Single Cell RNA-sequencing (scRNA-seq) data sets. The library includes the nferX augmented intelligence technology, which enables machines to understand over 100 million unstructured biomedical papers and correlate emerging insights from scientific literature with deep biological signals at the single-cell level.
Thus, due to the such factors, the studied market is expected to grow significantly during the forecast period.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High R&D Investments in the Single cell Genomics
4.2.2 Growing Number of SCG Centers and Core Facilities
4.3 Market Restraints
4.3.1 Analytical Challenges Related to Single-cell Genome Sequencing
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 Product
5.2 Technology
5.3 Application
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/6a516u
