Single-Cell Analysis Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Single-Cell Analysis Market covers analysis by Product (Consumables and Instruments), Cell Type (Human Cells, Animal Cells, and Microbial Cells), Technique (Flow Cytometry, Next-Generation Sequencing, Polymerase Chain Reaction, Microscopy, Mass Spectrometry, and Other Techniques), Application (Research Applications and Medical Applications), and End User (Academic and Research Laboratories, Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, and Cell Banks and IVF Centers), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPBT00002552
  • Category : Biotechnology
  • Status : Upcoming
  • No. of Pages : 150
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The single-cell analysis market is expected to grow from US$ 3.18 billion in 2021 to US$ 8.20 billion by 2028; it is projected to grow at a CAGR of 14.5% from 2022 to 2028.

Single-cell analysis allows for in-depth analysis of stem cell differentiation, cancer, and physiological functions in embryos and adults. Advanced technologies such as single-cell sequencing technologies, in situ hybridization, fluorescence-based detection, and mass spectroscopy can be used to study diseases and drug development, owing to which the market for single-cell analysis is expected to grow exponentially.

MARKET DYNAMICS

The single-cell analysis market growth is majorly attributed to increasing R&D in the pharmaceutical and biotechnology industries, rising number of cancer cases, technological advancements, and growing demand for personalized medicine. Moreover, rapid progress in cancer research and strategic collaboration among major players are expected to fuel the single-cell analysis market during the forecast period. However, high costs and a dearth of skilled professionals are factors hampering the growth of the market.

MARKET SCOPE

The “Global Single-Cell Analysis Market Analysis to 2028” report aims to provide an overview of the market with detailed segmentation based on product, cell type, technique, application, and end user. The report provides key market statistics based on the performance of leading players. It also offers key trends and opportunities in the market.

Strategic Insights

MARKET SEGMENTATION

The global single-cell analysis market is segmented into product, cell type, technique, application, and end user. Based on product, the market is bifurcated into  consumables and instruments. By cell type, the market is segmented into human cells, animal cells, and microbial cells. In terms of technique, the market Is categorized into flow cytometry, next-generation sequencing, polymerase chain reaction, microscopy, mass spectrometry, and other techniques. From application point of reference, the market is bifurcated into research applications and medical applications. The end user segment is further segmented into academic and research laboratories, biotechnology and pharmaceutical companies, hospitals and diagnostic laboratories, and cell banks and IVF centers.


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REGIONAL FRAMEWORK

The global single-cell analysis market is segmented into five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The report covers analysis and forecast of 18 countries along with trends and opportunities prevailing in the region.

From the regional perspective, North America dominated the single-cell analysis market with ~42% market share in 2021. The market growth in the region is majorly attributed to increasing R&D expenditure and government funding, growing pharmaceutical and life science industry, and strategic initiatives by prominent players along with the existence of major players in the region. For instance, in January 2022, Amgen entered into a partnership with Generate Biomedicines to discover and create protein therapeutics for five targets across various therapeutic areas and multiple functionality with billion dollars investment. Additionally, the high incidence of chronic diseases such as cancers in the region is driving the market growth. The below figure showcases the revenue growth trend in the global single-cell analysis market:

Single-Cell Analysis Market

Source: The Insight Partners Analysis

The report analyzes factors, such as drivers, restraints, opportunities, and future trends, affecting the single-cell analysis market. It also provides an exhaustive Porter's five forces analysis of the single-cell analysis market.

IMPACT OF COVID-19 PANDEMIC

The single-cell analysis aids in the interpretation of peripheral immune response to COVID-19 infection and contributes to new approaches for research into the disease's mechanisms and treatment options resulting in the increased adoption of single-cell analysis products for COVID-19 research. Therefore, the increased product demand and ongoing research activities are expected to create market growth opportunities. Although various government decisions due to pandemic economic conditions restricted the overall production, the single-cell analysis products witnessed burgeoning demand for vaccine development and production across the world. Thus, single-cell analysis market was positively impacted during the COVID-19 pandemic.

World Geography

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MARKET PLAYERS

The report covers key developments in the single-cell analysis market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, patents, and events. Inorganic growth strategies such as acquisitions, partnerships, and collaborations have encouraged the expansion of business and the customer base of market players. The market players operating in the single-cell analysis market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for single-cell analysis products.

The report also includes the profiles of key single-cell analysis market companies, along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years. The list of a few companies engaged in the single-cell analysis market is mentioned below:

  •   Agilent Technologies
  •   Beckman Coulter Inc.
  •   Becton Dickinson & Company (BD)
  •   Bio-Rad Laboratories, Inc.
  •   Fluidigm Corporation
  •   GE Healthcare
  •   Illumina, Inc.
  •   Merck KGaA
  •   Qiagen N.V.
  •   Thermo Fisher Scientific, Inc.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.


Market Research

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Cell Type Technique Application and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

The List of Companies

1. Agilent Technologies
2. Beckman Coulter Inc.
3. Becton Dickinson & Company (BD)
4. Bio-Rad Laboratories, Inc.
5. Fluidigm Corporation
6. GE Healthcare
7. Illumina, Inc.
8. Merck KGaA
9. Qiagen N.V.
10. Thermo Fisher Scientific, Inc.
11. Danaher Corporation
12. Merck Millipore
13. 10x Genomics
14. Promega Corporation
15. NanoString Technologies
16. Tecan Group
17. Sartorius AG
18. Luminex Corporation
19. Takara Bio
20. Fluxion Biosciences
21. Menarini Silicon Biosystems
22. LumaCyte

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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