Global Spatial Genomics & Transcriptomics Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

“The global spatial genomics & transcriptomics market was valued at US$ 173.6 Million in 2020 and is expected to reach US$ 602.7 Million by 2028; registering a CAGR of 16.8% from 2021 – 2028”, Says Accurize Market Research.
Spatial genomics & transcriptomics is a complex process of staining nucleic acids at their original location within the cell or tissue. Molecular biology witnesses a new frontier owing to spatial genomics & transcriptomics which allows seeing even the minute details of the cell. This process is quite efficient in recognizing the disease location and understanding the disease complexities and the results are way better than of old traditional methods of diagnosis and treatment. Spatial genomics & transcriptomics includes the exploration and assortment of transcriptomics and spatial genomics & transcriptomics have a vast application, especially in molecular genetics.
Hike in the fundings from the government for the Research & Development of genomics projects, increase in the number of neurological disorders, cancer, genetic disorders, and advancements in the field of genetic engineering are the major reasons that drive the global spatial genomics & transcriptomics market. Limited availability of resources, shortage of skilled professionals in the fields of Research & Development, and the lack of specialized laboratories coupled with skilled labor and technicians further hinder the global market. However, advancements in gene therapy to minimize drugs & traditional surgical methods, usage of genomics for personalized/specialized medicines owing to its cost-effectiveness, drug safety, early detection of diseases, and patient compliance are offering lucrative opportunities in the spatial genomic transcriptions market. Furthermore, the market players are introducing new products like Dovetail Genomics introduced Dovetail HiChIP & Micro-C Kits in February 2020, and NuGEN Technologies, Inc. launched Trio RNA-Seq which is highly beneficial in low-abundance transcript applications owing to its high sensitivity of transcriptomics solutions.

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The global spatial genomics & transcriptomics market is bifurcated into Technique, Product, Application, and End-user. Based on Technique, the global market is sub-segmented into spatial transcriptomics techniques and spatial genomics analysis techniques; where the spatial transcriptomics techniques segment holds the largest market share owing to the high adoption rate of in situ sequencing techniques globally. Further, Spatial transcriptomics is classified into Microscopy-based RNA Imaging, Immunohistochemistry (IHC), In Situ Hybridization, and Sequencing Technologies. Whereas, Spatial genomics analysis techniques are further classified into Fluorescence In Situ Hybridization (FISH), Sequencing Techniques. By Product segment, the scope of the market covers Consumables, Instruments, and Software. Amongst Products, the Consumables segment accounted for the largest share in the market because of the applications of consumables in fields like drug discovery & biomarker identification. Application is fragmented into Translational Research and Drug Discovery & Development where the Translational Research segment is used widely in the global spatial genomics & transcriptomics market.
Global Spatial Genomics & Transcriptomics market outlook – North America dominates the global market across the geographies.
Based on geography, North America dominates the global market owing to the active market players in the region followed by Europe. APAC to register the highest CAGR during the forecast period, 2021 – 2028.
The prominent players in the global Spatial Genomics & Transcriptomics market are S2 Genomics, Illumina, Inc., Horizon Discovery Group plc, Dovetail Genomics, NuGEN Technologies, Inc., 10X Genomics, Bio-Rad Laboratories, NanoString Technologies Inc., Seven Bridges Genomics, and Natera Inc., among others.

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