According to a research report "Single-cell Analysis Marketin terms of revenue was estimated to be worth $3.5 billion in 2023 and is poised to reach $7.1 billion by 2028, growing at a CAGR of 15.3% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Various elements such as rising prevalence of cancer, increasing R&D in the pharmaceutical & biotechnology industries for complex diseases, and the technological advancements, are driving the market growth.

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Browse in-depth TOC on "Single Cell Analysis Market”

303 – Tables

53 – Figures

344 – Pages

Key Player

The prominent players operating in the single-cell analysis market are Thermo Fisher Scientific, Inc. (US), Becton, Dickinson and Company (US), Danaher Corporation (US), Merck KGaA (Germany), QIAGEN N.V. (Netherlands) among others. The key players in this market are increasingly focusing on strategic partnerships and expansions, to expand their manufacturing capabilities and increase market presence.

Single-cell Analysis Market Dynamics:

Drivers:

1. Technological advancements in single-cell analysis products
2. Rising prevalence of cancer
3. Increasing R&D in pharmaceutical & biotechnology industries for complex diseases
4. Growth in stem cell research
5. Growing focus on personalized medicine

Restraints:

1. High cost of single-cell analysis products

Opportunities:

1. High growth potential of single-cell sequencing
2. Integration of microfluidics in single-cell analysis
3. Emerging Asian markets

Challenges:

1. Standardization of protocols and data integration & quality control for developing cell therapies

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The consumables segment accounted for the largest share of the product segment in the single-cell analysis industry size in 2022.

Based on product, the single-cell analysis industry is broadly segmented into consumables, and instruments. In 2022, consumables accounted for the largest share of the single-cell analysis market for product. Due to the frequent purchasing of consumables as opposed to instruments, which are considered as a one-time investment, this segment has a larger market share in the market. Consumables' numerous applications in genetic research, exosome analysis, and RNA and DNA isolation are also anticipated to fuel market expansion. Each of these applications may require specific consumables tailored to the analysis method and target molecules.

The research applications segment accounted for the largest share of the application segment in the single-cell analysis industry share in 2022.

Based on applications, the single-cell analysis market is categorized into two segments—medical applications and research applications. In 2022, research applications segment accounted for the largest share of single-cell analysis market. Increasing government initiatives in stem cell research and the wide usage of single-cell analysis in cancer research are the major factors driving the growth of the research applications segment.

Asia Pacific is likely to grow at double-digit growth rate during the forecast period.

The Asia Pacific region is estimated to grow at the highest CAGR in the single-cell analysis market during the forecast period. This can be attributed to the fast-growing pharmaceutical industry in this region, rising geriatric population, rising prevalence of cancer, and increasing government initiatives. Moreover, increasing chronic diseases in the countries of this region is likely to boost the market. Also, growing infectious diseases in the region is attracting several foreign investors in the market. Governments in the APAC region are supporting research in various ways, such as funding research institutes and offering tax incentives to biotech and life sciences companies. This has led to an increased demand for single-cell analysis technologies to support this research.

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Recent Developments of Single-Cell Analysis Industry:

• In May 2023, Becton, Dikinson and Company launched BD FACSDiscover S8 Cell Sorter, new-to-world cell sorting instrument featuring two breakthrough technologies that enable researchers to uncover more detailed information about cells that was previously invisible in traditional flow cytometry experiments.
• In June 2022, Merck KGaA collaborated with Agilent Technologies to advance Process Analytical Technologies (PAT). PAT, which is strongly encouraged by global regulatory authorities, is a key enabler for real-time release and Bioprocessing 4.0.
• In August 2021, Danaher Corporation acquired the Aldevron. As previously announced, Aldevron will operate as a standalone operating company and brand within Danaher's Life Sciences segment.

Single-cell Analysis Market – Report Highlights:

• Market sizes are updated for the base year 2022 and forecasted from 2023 to 2028.
• Market challenges, key conferences & events in 2023–2024, and key stakeholders and buying criteria have been added to the market overview chapter.
• The new edition of the report provides updated financial information till 2022 (depending on availability) for each listed company in a graphical representation. This helps in the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating country/region, and business segment focus in terms of the highest revenue-generating segment.
• Recent developments are helpful in understanding market trends and growth strategies adopted by players in the market. In this market, the number of product launches has increased in the last three years (January 2020 to May 2023).
• Tracking the product portfolios of prominent market players helps to analyze the products in the single-cell analysis market. The new edition of the report provides an updated product portfolio of the companies profiled in the report.
• The market evaluation framework, market share analysis, and competitive leadership mapping of top 25 companies and 10 SMEs have been updated in the competitive landscape chapter of the report. The current version of the report includes the revenue share analysis of key market players from 2020 to 2022.
• The updated competitive leadership mapping is an output of a comprehensive study of the key vendors offering single-cell analysis products. The top 25 vendors were shortlisted from a list of 50+ vendors, evaluated based on the market share/ranking and product footprint, rated and positioned on a 2x2 quadrant referred to as the Company Evaluation Quadrant, and categorized as Stars, Emerging Leaders, Pervasive Players, and Participants.
• The current edition considers the impact of the recession on the single-cell analysis market.

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