“Global Spatial Genomics & Transcriptomics Market is anticipated to surpass USD 200 Million by 2020”, says Visiongain
07 November 2019
Visiongain has launched a new pharma report “Spatial Genomics & Transcriptomics Market Report 2020-2030” Prospects by Spatial Transcriptomics (Sequencing-Based Methods, IHC, Microscopy-based RNA Imaging Techniques), Spatial Genomics (FISH, Microscopy-based Live DNA Imaging, Genome Perturbation Tools, Massively-Parallel Sequencing, Biochemical Techniques), Product (Consumables, Software, Instruments), End use (Translational Research, Academic Customers, Diagnostic Customers, Pharmaceutical Manufacturer) and Geography.
Global Spatial Genomics & Transcriptomics market is projected to grow on account of emerging potential of spatial genomic analysis as cancer diagnostic tool, technological advancements, and presence of emerging market players. The global market is projected to grow at a lucrative CAGR of 9% during the forecast period from 2020 to 2030 and is anticipated to surpass USD 200 Million by 2020.
Spacious genomics & transcriptomy helps researchers to see how cells are structured in relation to each other, not just what lies within a cell. Long beyond the reach of modern methods, the data offer invaluable insights related to disease's understanding. Spatial genomics & transcriptomics includes exploration and assortment of transcriptomics. It has different applications, especially in the field of molecular genetics. In the global spatial genomics & transcriptomics industry, there are many cases of fresh product launches over the forecast period.
Spatial genomics & transcriptomics is a relatively new discipline involving the determination of high-throughput data relating to the organizational structure of cell content from tissue and cell specimens. Conventional genomic approaches lack positional information on the quality of nucleic acid. In addition, rapid developments in the genomics field, ranging from tissue sequencing to single-cell sequencing, have gained greatly from techniques of spatial genomic sequencing. This is because single-cell sequencing makes it possible to classify complex tissues by determining the spatial origin of cells.
With increasing investment in spatial genomics & transcriptomics, as well as expanding supporting investor growth, it is projected to deliver the highest revenue attractiveness on the market. In terms of clearance of the political and legal framework, some countries have challenging entry barriers. Nevertheless, the market growth is expected to overcome the entry barriers with increasing awareness and adoption. It is anticipated that government funding and support and joint work with large pharmaceutical companies will be major drivers of this business in the near future. For example, 10X Genomics received a total funding of USD 243 million in January 2019, which will help company to expand its presence and develop products that provide invaluable insights for unlocking fundamental biology.
In contrast with spatial genomic methods, the significant applicability of spatial transcriptomic sequencing methods for the transcriptomic analysis of single cells has resulted in the greater revenue share of this process. This segment's dominance is also due to the adoption of automated sequencing workflows such as laser capture microdissection technique (LCM) to meet the increasing demand for single cell or biological samples nucleic acid sequencing. Realizing this market's importance in potential disease management, key players seek to focus on untapped, lucrative market avenues. The companies follow different business strategies to broaden their business presence.
North America dominated the global spatial genomics & transcriptomic market owing to the increasing adoption of spatial profiling solutions in cancer research coupled with increasing focus on genomics-based R&D. For example, in more than 70 research projects, the U.S.-based NanoString Technologies, Inc. GeoMx platform has been introduced, focusing on about 25 different types of cancer.
Asia Pacific is expected to register the highest CAGR due to rising public and private-sector investments. In 2018, for example, research on predicting gene regulatory networks from transcriptome datasets was jointly funded by the Japan Science and Technology Agency's Grant-in-Aid for Scientific Research, Advanced Low Carbon Technology Research and Development Program (ALCA), and CREST.
Some of the major players operating in this industry are 10x Genomics, Advanced Cell Diagnostics, CARTANA AB, Dovetail Genomics, Horizon Discovery Group plc, Illumina, Inc., NanoString Technologies, READCOOR, INC., S2 Genomics, Inc, and Seven Bridges Genomic, among other prominent players.
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