According to the report by Expert Market Research (EMR), the global spatial genomics and transcriptomics market size reached a value of USD 209.28 million in 2023. Aided by the advancements in next-generation sequencing and growing demand for personalised medicine, the market is projected to further grow at a CAGR of 9% between 2024 and 2032 to reach a value of USD 454.53 million by 2032.
Spatial genomics and transcriptomics refer to technologies that allow the visualisation and mapping of gene expression data in the context of the tissue or cells from which they originate. These technologies have gained traction because they preserve the spatial context of genetic information, thus offering a comprehensive picture of complex biological processes and their underlying genetic determinants.
The spatial genomics and transcriptomics market growth can be attributed to its increasing application in drug discovery and development. With diseases showcasing spatial heterogeneity where cells of the same type can play different roles depending on their location, understanding this spatial aspect can be critical in developing effective therapeutic interventions.
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The spatial genomics and transcriptomics market trends include advancements in next-generation sequencing (NGS) technologies. By combining NGS with spatial transcriptomics, researchers can acquire a high-resolution view of the transcriptional landscape, thus facilitating a better understanding of diseases at a molecular level.
Moreover, the rise of personalised medicine is giving impetus to the market. By offering a more detailed view of an individual’s genetic makeup, including the spatial context, these technologies can pave the way for treatments tailored to an individual’s unique genetic profile.
The spatial genomics and transcriptomics market size is also bolstered by its growing application in cancer research. Tumours are inherently heterogeneous, with cells displaying varying genetic profiles depending on their location. By applying spatial genomics, researchers can map these differences, providing invaluable insights into tumour progression and potential therapeutic targets.
As per the spatial genomics and transcriptomics market analysis, its application in neuroscience serves as another significant growth driver. Neurological diseases often display spatial patterns in gene expression, with certain regions of the brain affected differently. Spatial genomics offers a route to decipher these patterns, potentially leading to more targeted treatments.
Spatial Genomics and Transcriptomics Market Segmentation
The market can be divided based on segmentation, application, end-use, and region.
Market Breakup by Segmentation
- Consumables
- Instruments
- Software
- Services
Market Breakup by Application
- Diagnostics and Disease Profiling
- Drug Discovery
- Others
Market Breakup by End-Use
- Government Institutes and Academic Centres
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Spatial Genomics and Transcriptomics Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global spatial genomics and transcriptomics market. Some of the major players explored in the report by Expert Market Research are as follows:
- 10x Genomics
- Dovetail Genomics LLC
- Illumina, Inc.
- S2 Genomics, Inc.
- NanoString Technologies, Inc.
- Horizon Discovery Ltd.
- Others
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