TECHNOLOGICAL ADVANCEMENTS UPSURGE THE GLOBAL SINGLE CELL ANALYSIS MARKET AT 19.72% OF CAGR BY 2025
“According to a new market research report published by Inkwood Research, The Global Single Cell Analysis Market is expected to develop from $ 1450 million in 2016 to $6964 million by 2025, at a CAGR of 19.72% throughout the forecasting years 2017 and 2025.”
“Browse 47 market data Tables and 61 Figures spread through 215 Pages and in-depth TOC on Global single cell analysis Market Forecast 2017-2025.”
Increase in technological innovations, rising occurrence of transmittable infections across the globe, growing aged populace, growing biopharmaceutical and biotechnology industry and rising government subsidy for research are the key factors responsible for the growth of the single cell analysis market across the globe.
Growing prevalence of tuberculosis
Tuberculosis befalls in every part of the World. The rising TB cases in Asia, i.e. 61%. Africa stands second with 26%. According to Centers for Diseases Control and Prevention (CDC) approx. 1.8 million people die of Tuberculosis. India, Indonesia, China, Pakistan, Nigeria and South Africa reports 60% of new Tuberculosis cases. In the year 2015, 30 high TB burdened countries accounted 87% of new Tuberculosis cases. In US 9563 TB cases were reported in the year 2015. TB affects most who are HIV positive. This growth in the tuberculosis cases has driven the single-cell analysis market globally.
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In terms of cell type, Human Cells segment ranks highest
The increasing chronic cases of cancer, diabetes has become one of the key drivers for the growth of the market. According to WHO, more than 8.9 million died due to cancer in 2015. In today’s world, the increasing cancer cases have become a major concern for developed countries (Such as US, Canada, and others) and developing countries (China, India and others). In 2015, approx. 15.1 million new cancer cases occurred worldwide in which more than half of these cases are from economically developing countries such as India, China and many more. In 2015, it was estimated that approx. 8.9 million deaths are caused because of cancer and are predicted to reach up to 13 million by 2030. This increasing prevalence of cancer has increased the demand for genetic testing on cancer.
Japan, the fastest growing country in the Asia Pacific region
In the recent period, the growth potential of single-cell sequencing become a major opportunity in Japan region. Single cell sequencing scrutinizes the sequence data from individual cells with enhanced next-generation sequencing (NGS) technologies, providing higher tenacity of cellular differences and a well understanding of the function of the individual cell. For example, cell lineage associations, rare cell types, heterogeneous samples, analyses of microbes that cannot be refined, mosaics of somatic tissues, and disease development can all be elucidated through single-cell sequencing.
The major market players in the global single cell analysis market are Agrium Inc., Dakota Gasification Company, General Electric Company, Royal Dutch Shell Plc, and Sasol Limited.
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