Single-Cell Analysis Transcriptomics Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.73 Billion |
| Market Size (2029) | USD 3.59 Billion |
| CAGR (2024 - 2029) | 15.73 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Single-Cell Analysis Transcriptomics Market Analysis
The Single-Cell Analysis Transcriptomics Market size is estimated at USD 1.73 billion in 2024, and is expected to reach USD 3.59 billion by 2029, at a CAGR of 15.73% during the forecast period (2024-2029).
Key drivers of the single-cell analysis transcriptomics market include advancements in sequencing technologies, heightened research initiatives, and increased funding for both single-cell and cancer research.
Advancements in sequencing technologies play a pivotal role in propelling the growth of the single-cell analysis transcriptomics market. For instance, in February 2024, Parse Biosciences introduced version 3 kits for its flagship Evercode Whole Transcriptome products. These updates promise researchers a streamlined workflow, greater fixation flexibility, and reagents fine-tuned for heightened gene detection sensitivity. Such enhancements are set to elevate the single-cell transcriptomics market by facilitating more accurate and scalable gene analysis. Similarly, in January 2024, Singleron Biotechnologies unveiled two commercial products: the AccuraSCOPE Single Cell Transcriptome and Genome Library Kit and the AccuraSCOPE Single Cell Full-Length Transcriptome Library Kit. Compatible with automation workstations, flow cytometry cell sorting, and micropipette aspiration, these kits enhance Singleron’s FocuSCOPE product line. They enable simultaneous 3’ RNA transcriptome and targeted gene sequencing analysis, marking a significant leap in efficiency and multi-dimensional analysis capabilities for the single-cell transcriptomics market.
Funding initiatives, especially in single-cell and cancer research, are anticipated to boost the market’s growth further. For instance, in September 2023, the National Institutes of Health secured an initial USD 11 million funding for its Multi-Omics for Health and Disease Consortium. This initiative aims to expedite the generation and analysis of multi-omic data, including transcriptomics, thereby spurring innovation in domains like single-cell transcriptomics and bolstering market growth.
In conclusion, the combination of technological advancements, robust research initiatives, and substantial funding is driving the single-cell transcriptomics market.
However, the prohibitive costs associated with equipment and analysis significantly restrain the market’s expansion.
Single-Cell Analysis Transcriptomics Market Trends
The Drug Discovery Segment is Expected to Witness Significant Growth Over the Forecast Period
Single-cell analysis transcriptomics provides detailed insights into cellular heterogeneity, accelerating the identification and development of novel therapeutic agents.
Market growth is primarily driven by the rising use of single-cell analysis transcriptomics in drug discovery, development, and the clinical trial pipeline. For instance, an April 2023 report in the Nature Reviews Drug Discovery Journal highlighted that single-cell analysis transcriptomics is transforming drug discovery. It enhances target identification, deepens disease understanding through cell subtyping, and refines preclinical model selection. Additionally, scRNA-seq supports clinical development by enabling precise biomarker identification for patient stratification and drug response monitoring. These advancements in drug discovery and development directly drive the growth of the single-cell analysis transcriptomics market.
Technological advancements in drug discovery further propel this segment's growth. A March 2023 report in ACS Medicinal Chemistry Letters noted that recent advancements in gene expression and cell morphology assays significantly impact drug discovery. This shift is driven by the need for early-stage assays with clinical predictivity for efficacy and safety. Innovations such as RNA-Seq, DRUG-Seq, TempO-Seq, and Cell Painting have facilitated large-scale data generation for biological readouts. While these systems-level, hypothesis-free approaches are promising, they require validation in drug discovery to ensure predictive utility and compatibility with traditional technologies, emphasizing the necessity for continuous validation in real-world pharmaceutical contexts.
Similarly, the increasing number of innovative product launches is also expected to propel the segment's growth. For instance, in April 2024, Takara Bio USA, Inc. launched the Shasta Single-Cell System, an advanced automated NGS solution designed to enhance discovery in oncology research. This system improves efficiency and reduces costs by streamlining genomic and transcriptomic data extraction from a significantly higher number of cells. Such innovations are expected to drive advancements in drug discovery within the single-cell analysis transcriptomics market by providing deeper insights into cellular functions.
In conclusion, the growing application of single-cell analysis transcriptomics in drug discovery and technological advancements are accelerating the development of new therapeutic agents and significantly driving market growth.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
Advancements in sequencing technologies and the increasing number of research initiatives are significant drivers of market growth in North America, owing to which the region accounts for a significant market share.
For instance, in June 2024, Bio-Rad Laboratories, Inc. introduced the ddSEQ Single-Cell 3’ RNA-Seq Kit alongside its Omnition v1.1 analysis software, advancing single-cell transcriptome and gene expression research. The ddSEQ kit, optimized for use with Bio-Rad’s droplet-based cell isolation system, offers a rapid, efficient, and cost-effective workflow for single-cell gene expression studies. This launch significantly expands the single-cell analysis transcriptomics market by enhancing accessibility and streamlining research capabilities.
Similarly, in April 2024, Takara Bio USA, Inc. introduced the Shasta Single-Cell System, an advanced automated NGS solution featuring robust chemistries and user-friendly bioinformatics tools for oncology research. This system enhances researchers’ ability to extract greater genomic and transcriptomic data from a larger number of cells, optimizing efficiency and reducing costs. The launch of such technologies is expected to drive advancements in North America’s single-cell analysis transcriptomics market by enabling more comprehensive biomarker discovery.
Moreover, the rising funding initiatives are also expected to boost the region’s single cell analysis transcriptomics market. For instance, in December 2023, Parse Biosciences secured USD 50 million in financing through a Series C equity raise led by Soleus Capital, with participation from several investors, and a debt facility provided by Horizon Technology Finance Corporation. This brought the company’s total funding to over USD 100 million, enabling it to expand and scale its single-cell sequencing solutions to meet growing demand. The recent funding positions Parse Biosciences to further drive innovation and growth in the North American market.
In conclusion, the advancements in sequencing technologies, the launch of innovative research tools, and rising funding initiatives are propelling growth in North America’s single-cell analysis transcriptomics market by enhancing research efficiency and expanding capabilities.
Single-Cell Analysis Transcriptomics Industry Overview
The single-cell analysis transcriptomics market is competitive, with key players commanding a significant share of the market. Technological advancements and product innovation will provide new opportunities for companies to compete within the market. Some of the major players include 10x Genomics, Bio-Rad Laboratories, Inc., Cytena GmBH, Illumina PLC, and Qiagen NV.
Single-Cell Analysis Transcriptomics Market Leaders
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10x Genomics
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Bio-Rad Laboratories, Inc.
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Cytena GmBH
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Illumina PLC
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Qiagen NV
*Disclaimer: Major Players sorted in no particular order
Single-Cell Analysis Transcriptomics Market News
- March 2024: 10x Genomics, Inc. launched its Visium HD Spatial Gene Expression product, which allows researchers to analyze the entire transcriptome from FFPE tissue sections with single-cell resolution.
- February 2024: NanoString Technologies, Inc. launched the CosMx Human 6K Discovery Panel, the first single-cell spatial panel that allows researchers to measure over 6,000 RNA targets across nearly all human biological pathways. In conjunction with this launch, NanoString and independent researchers presented advancements in whole transcriptome imaging, a significant leap in spatial biology.
Single-Cell Analysis Transcriptomics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Advancements in Sequencing Technologies
4.2.2 Rising Research Initiatives and Funding by Biotech Companies
4.2.3 Increasing Investments in Cancer Research
4.3 Market Restraints
4.3.1 High Cost of Equipment and Analysis
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Component
5.1.1 Equipment
5.1.2 Consumables
5.1.3 Software and Services
5.2 By Technology
5.2.1 Single-cell RNA sequencing (scRNA-seq)
5.2.2 Microfluidics-based techniques
5.2.3 Others
5.3 By Application
5.3.1 Clinical Diagnostics
5.3.2 Developmental Biology
5.3.3 Drug Discovery
5.3.4 Others
5.4 By End User
5.4.1 Academic & Research Institutions
5.4.2 Hospitals & Diagnostic Centers
5.4.3 Pharmaceutical & Biotechnology Companies
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle-East and Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle East and Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 10x Genomics
6.1.2 ANGLE plc
6.1.3 Becton, Dickinson and Company
6.1.4 Bio-Rad Laboratories, Inc.
6.1.5 Cytena GmBH (BICO - The Bio Convergence Company)
6.1.6 Illumina PLC
6.1.7 Mission Bio
6.1.8 Qiagen NV
6.1.9 SCIENION GmbH
6.1.10 Standard BioTools
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Single-Cell Analysis Transcriptomics Industry Segmentation
As per the report's scope, single-cell analysis transcriptomics is a technique that analyzes gene expression at the resolution of individual cells, providing insights into cellular heterogeneity. This approach enables a more detailed understanding of complex biological processes, paving the way for advancements in personalized medicine and drug discovery. The single-cell analysis transcriptomics market is segmented by component, technology, application, end-user, and geography. The product and services segment is further segmented into equipment, consumables, and software & services. The technology segment is further segmented into single-cell RNA sequencing (scRNA-seq), Microfluidics-based techniques, and others. The application segment is divided into clinical diagnostics, developmental biology, drug discovery, and other applications. The end-user segment is further divided into academic & research institutions, hospitals & diagnostic centers, and pharmaceutical & biotechnology companies. The geography segment is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the value (in USD) for the above segments.
| By Component | |
| Equipment | |
| Consumables | |
| Software and Services |
| By Technology | |
| Single-cell RNA sequencing (scRNA-seq) | |
| Microfluidics-based techniques | |
| Others |
| By Application | |
| Clinical Diagnostics | |
| Developmental Biology | |
| Drug Discovery | |
| Others |
| By End User | |
| Academic & Research Institutions | |
| Hospitals & Diagnostic Centers | |
| Pharmaceutical & Biotechnology Companies |
| Geography | ||||||||
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Single-Cell Analysis Transcriptomics Market Research FAQs
How big is the Single-Cell Analysis Transcriptomics Market?
The Single-Cell Analysis Transcriptomics Market size is expected to reach USD 1.73 billion in 2024 and grow at a CAGR of 15.73% to reach USD 3.59 billion by 2029.
What is the current Single-Cell Analysis Transcriptomics Market size?
In 2024, the Single-Cell Analysis Transcriptomics Market size is expected to reach USD 1.73 billion.
Who are the key players in Single-Cell Analysis Transcriptomics Market?
10x Genomics, Bio-Rad Laboratories, Inc., Cytena GmBH, Illumina PLC and Qiagen NV are the major companies operating in the Single-Cell Analysis Transcriptomics Market.
Which is the fastest growing region in Single-Cell Analysis Transcriptomics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Single-Cell Analysis Transcriptomics Market?
In 2024, the North America accounts for the largest market share in Single-Cell Analysis Transcriptomics Market.
What years does this Single-Cell Analysis Transcriptomics Market cover, and what was the market size in 2023?
In 2023, the Single-Cell Analysis Transcriptomics Market size was estimated at USD 1.46 billion. The report covers the Single-Cell Analysis Transcriptomics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Single-Cell Analysis Transcriptomics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Single-Cell Analysis Transcriptomics Industry Report
Statistics for the 2024 Single-Cell Analysis Transcriptomics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Single-Cell Analysis Transcriptomics analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
