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
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:
By End-Use segment of the Global Spatial OMICS Market is sub-segmented into:
By Technology segment of the Global Spatial OMICS Market is sub-segmented into:
By Product segment of the Global Spatial OMICS Market is sub-segmented into:
By Workflow segment of the Global Spatial OMICS Market is sub-segmented into:
By Region segment of the Global Spatial OMICS Market is sub-segmented into:
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 254.3 Mn |
Expected Revenue in 2028 | US$ 506.6 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2028 |
Unit | Value (USD Mn) |
CAGR | 10.3% |
Segments covered | By Sample Type, End-Use, Technology, Product, Workflow, and Region |
Key Companies | 10x Genomics, NanoString Technologies, Inc., Seven Bridges Genomics, PerkinElmer, Inc., and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
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’s localization within the tissue.
Spatial OMICS provides an opportunity of exploring new signal modalities by granting high resolution mapping of expression profiles of cell tissues and thus brining a paradigm shift in ECM research activities.
The growth rate of the global spatial OMICS market is 10.3%.
Factors such as growing potential of spatial OMICS as a cancer diagnostic tool and increasing adoption of spatial OMICS in drug discovery and development drives the growth in the global spatial OMICS market.
The academic & translational research institutes segment lead the global spatial OMICS market in 2021.
Lack of skilled professionals inhibits the growth in the Global Spatial OMICS Market over the forecast period.
Sample type, end use, technology, product and workflow are the different segments of the global spatial OMICS market.
Based on sample type, the global spatial OMICS market is further bifurcated into FFPE and Fresh Frozen.
Growing usage of spatial OMICS for biomarker identification are anticipated to provide lucrative opportunities to market players to grow in the market.
Poland is expected to project the highest CAGR in the Europe Spatial OMICS market during the forecast period.
Consumable segment dominated the market in 2021 and is also expected to grow at the highest CAGR during the forecast period owing to its high utilization for research purposes in numerous fields including drug discovery, drug development and biomarker identification.
10x Genomics, NanoString Technologies, Inc., Seven Bridges Genomics, PerkinElmer, Inc., Danaher, Bio-Techne, Fluidigm Corporation and Bruker among others are some major players in the global spatial OMICS market.