Spatial OMICS Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2028

The Global Spatial OMICS Market is estimated to witness a major jump in revenue from US$ 254.3 Million in 2021 to US$ 506.6 Million by 2028. The market is registering growth at a CAGR of 10.3% over the projection period 2022-2028. Spatial OMICS consists of various analyses such as epigenomics, proteomics, genomics, transcriptomics, metabolomics, and lipidomic. It combines all the molecular analysis with spatial information on cell localization within the tissue. Also, spatial analysis provides much better molecular studies through spatial information.

The spatial OMICS market is driven by the growing potential of spatial OMICS as a cancer diagnostic tool and the increasing adoption of spatial OMICS in drug discovery and development. The new technique provides an opportunity to understand the mechanisms which drive the unique cell interactions which occur at the tumor border as this helps immensely in cancer diagnosis. Hence, the growing potential of spatial OMICS as a cancer diagnostic tool is expected to fuel the market growth, as it drives a lot of research activities in this segment. Moreover, most of the market players in the spatial OMICS market are continuously focusing on the development and introduction of novel instruments and techniques for drug discovery and development. Also, spatial transcriptomics and genomics have found various applications in drug discovery and development, apart from the research applications. Both these areas of spatial OMICS act as essential tools in accelerating the process of drug discovery as well as development. Therefore, these factors are expected to boost the adoption of spatial OMICS in drug discovery and development processes, hence boosting the market growth. However, lack of skilled professionals is anticipated to negatively impact the market growth as spatial OMICS is a very new area, which lacks the availability of skilled professionals for handling instruments and carrying out research activities. 

Report Summary

The study of the global Spatial OMICS market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the spatial OMICS industry for the period 2018-2028, where the base year is 2021 and the forecast period is 2022-2028. The report provides a detailed analysis of the Global Spatial OMICS Market across 15 Chapters and 179 pages. The report includes data presentation across 37 tables and 86 statistical figures. 

The report provides Porter’s five forces analysis which sufficiently examines the threats and weaknesses of the industry wherein the bargaining power of buyers and competitive rivalry is high. 

The subsequent section provides details of the market analysis based on different segments such as sample type, end-use, technology, product, workflow, and region. The report includes a detailed study of the value chain of the industry. It includes raw material providers, manufacturers, distributors, and end-users. The report also covers extensively the key competitors in the market for spatial OMICS. 

COVID-19 impact on Global Spatial OMICS Market 

The rapid spread of the COVID-19 pandemic has resulted in several disruptions in the global spatial OMICS market. Disruptions such as temporary closure of manufacturing facilities & those used in supply chain processes, restrictions on export or shipment of products, unavailability of components & materials used in various products, significant cutback of ocean container delivery, business closure in impacted areas, and reduced demand. Also, the COVID-19 pandemic created significant macroeconomic uncertainty, disruption, and volatility which might adversely affect the customers’ and supplier’s liquidity, cost of capital, and ability to access the capital markets. However, during the COVID-19 pandemic, most of the market players such as 10x genomics and PerkinElmer, Inc. did not report any negative growth. 

Key Takeaways from the Global Spatial OMICS Market Report

• Based on sample type, the FFPE segment is expected to project the highest market share during the forecast period owing to the use of FFPE as a standard sample type for use in the preservation of human tissue for clinical diagnosis, which may strengthen the market share of FFPE samples in the global market. Moreover, the fresh frozen segment witnessed the highest CAGR in the global market in 2021 because the fresh frozen sample is the optimal source of DNA for whole-genome sequencing of cancer patients.
• On the basis of end users, the academic & translational research institutes segment is estimated to have the highest market share during the forecast period. Also, academic & translational research institutes are expected to grow at the highest CAGR during the forecast period owing to the growing adoption of spatial OMICS for translating real-time tissue responses for an external agent for technological adoption in the segment.
• In terms of technology, spatial transcriptomics is the leading segment in the global market in 2021 due to rapid advancements in sequencing technologies has driven the transcriptomic study of single cells. Whereas, the spatial genomics segment is projected to grow at the highest CAGR during the forecast period.
• On the basis of product, the consumables segment dominated the market in 2021 and is also expected to grow at the highest CAGR during the forecast period. The segment’s growth is attributed to the high utilization of consumables for research purposes.
• By workflow, the instrumental analysis segment dominated the market in 2021 due to the increasing number of advancements with respect to the instruments, such as mass spectrometers and microscopes. Moreover, the sample preparation segment is projected to grow at the highest CAGR over the forecast period owing to growing investments in this segment by market players.
• Based on region, North America is projected to have the largest hold in the global spatial OMICS market during the forecast period. Whereas, Asia-Pacific is estimated to grow at the highest CAGR in the global spatial OMICS market over the forecast period owing to the high adoption rate of in-site sequencing techniques in research-focused countries like Japan and India.

Competitive Landscape

The key players in the global spatial OMICS market are 10x Genomics, NanoString Technologies, Inc., Seven Bridges Genomics, PerkinElmer, Inc., Danaher, Bio-Techne, Fluidigm Corporation, and Bruker among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

Global Spatial OMICS Market is segmented based on sample type, end-use, technology, product, workflow, and region. The industry trends in the global spatial OMICS market are sub-divided into different categories in order to get a holistic view of the global marketplace.

Following are the different segments of the Global Spatial OMICS Market:

By Sample Type segment of the Global Spatial OMICS Market is sub-segmented into:

• FFPE
• Fresh Frozen

By End-Use segment of the Global Spatial OMICS Market is sub-segmented into:

• Academic & Translational Research Institutes
• Pharmaceutical and Biotechnology Companies

By Technology segment of the Global Spatial OMICS Market is sub-segmented into:

• Spatial Transcriptomics
• Spatial Proteomics
• Spatial Genomics

By Product segment of the Global Spatial OMICS Market is sub-segmented into:

• Instrument
• Consumables
• Software

By Workflow segment of the Global Spatial OMICS Market is sub-segmented into:

• Sample Preparation
• Instrumental Analysis
• Data Analysis

By Region segment of the Global Spatial OMICS Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA