The overall market for single-cell analysis is expected to reach USD 3.59 Billion, at a CAGR of 16.5%.
The growth in the Single-cell Analysis Market is mainly driven by the technological advancements in single-cell analysis products, increasing government funding for cell-based research, growing biotechnology and biopharmaceutical industries, wide applications of single-cell analysis in cancer research, a growing focus on personalized medicine, and increasing incidence and prevalence of chronic and infectious diseases.
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Single-cell Analysis Market
Single-cell Analysis Market by Technique:
Flow cytometry to have the largest market share
On the basis of technique, the single-cell analysis market is segmented into flow cytometry, NGS, PCR, microscopy, mass spectrometry, and other techniques (including single-molecule fluorescence in situ hybridization, micromanipulation, and automated capillary electrophoresis). In 2017, flow cytometry is expected to dominate the market. Wide usage of flow cytometry in single-cell analysis applications is expected to boost the demand for single-cell analysis techniques.
Single-cell Analysis Market by Application:
On the basis of application Single-cell Analysis Market is segmented into research and medical application.
The research applications segment includes cancer, immunology, neurology, stem cell research, and other research applications. While, the medical applications segment includes non-invasive prenatal diagnosis (NIPD), in vitro fertilization (IVF), and circulating tumor cell detection. In 2017, research application is expected to account for the largest share of the market primarily due to the widespread use of single-cell analysis in cancer research.
Single-cell Analysis Market by Geographical Analysis:
North America to dominate the market followed by Europe
On the basis of Geography; the single-cell analysis market is segmented into North America, Europe, Asia, and RoW.
North America accounted for the largest share of the market, followed by Europe. The large share of the North American market is attributed to the factors such as increasing collaborations among prominent players, technological advancements and expanding biotechnology and pharmaceutical industries. Factors such as increased incidence of diseases, government support for various research activities, and growing focus on stem cell research and regenerative medicine are expected to fuel the market growth in the European region.
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