Spatial omics tools allow researchers to identify biomarkers, understand heterogenous responses in healthy and disease tissues, and gain insights into complex biological pathways in situ. The global Spatial omics Market is estimated to be valued at US$ 336.5 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Advancements in imaging and molecular biological techniques have been a key growth driver for the spatial omics market. Researchers have developed improved protocols for spatial analysis at single-cell resolution which has enabled spatial mapping of various molecular markers with high specificity. Enhancements in microarrays, next generation sequencing technologies and computational tools for analyzing massive spatial datasets have allowed mapping of tens of thousands of genes and proteins simultaneously from tissues and organs. These technological improvements are facilitating discoveries in developmental biology, immunology, cancer biology and neuroscience by addressing questions related to intra-tumor heterogeneity, cell-cell communication and characterization of cellular subsets within complex tissues.
Segment Analysis
The Global Spatial Omics Market Size is dominated by the Spatial Transcriptomics sub-segment owing to increasing adoption of this technique by biopharmaceutical and academic research institutes for better understanding of gene regulation. Spatial Transcriptomics technique has enabled mapping of tissue microenvironments at single-cell resolution helping researchers identify cell types and locations in human tissues.
Key Takeaways
The global Spatial Omics market is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis shows that North America currently dominates the market and is expected to continue its dominance over the forecast period. This is attributed to presence of major players and growing research activities in the fields on oncology and neurobiology in the US.
Key players operating in the Spatial Omics market are Gilson Company, Inc., Russell Finex Ltd., Retsch GmbH, Lao Soung Machinery Co. Ltd., Endecotts Ltd., Bionics Scientific Technologies Ltd., and Thermo Fischer Scientific, Advantech Manufacturing, Dual Manufacturing Co., Inc., and GKM Siebtechnik GmbH.
Get More Insights On This Topic: https://www.newsstatix.com/spatial-omics-market-size-share-analysis-2023-2030/
Comments
0 comment