Single Cell Genome Sequencing Market Size & Share, by Product (Reagents, Instruments); Application (Circulating Tumor Cells, Cell Differentiation/Reprogramming, Genomic Variation, Subpopulation Characterization), End-user (Hospitals, Clinics, Research & Academic Institutions, Biotechnology & Pharmaceutical Companies) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Indicators

Growing Development in the Next Generation Sequencing Technology

The recent advancement in the Next Generation Sequencing (NGS) technology has created a positive impact on the single genome sequencing market by accelerating the rapid development of the single cell sequencing methods including single cell whole-genome sequencing, single cell whole-exome sequencing, single cell whole-transcriptome sequencing and single cell epigenomic sequencing.

Over the past few years, the single cell genome sequencing has been utilized in various fields of biology, thus raising the demand for the single cell genome sequencing technology. Additionally, the single cell genome sequencing technology offers cell-specific genetic information that cannot be obtained with the help of traditional genome sequencing methods.

Increasing R&D and Healthcare Expenditure

The increasing investment in various international research programs funded by the government as well as other organizations such as the World Health Organization is one of the major factors accelerating the market growth.

 Furthermore, the healthcare spending has increased gradually over the years in various countries across the world, owing to the rising geriatric population and prevalence of chronic diseases, increase in the price of healthcare services, and others. Additionally, the increasing investment in the research and development sector is also expected to promote the market growth over the forecast period. For instance, according to the Health System Tracker, in U.S., the amount spent on health had more than doubled to USD 3.5 trillion in 2017 which include amount spent on healthcare and health-related activities comprising expenditures from both public and private funds. The advanced healthcare infrastructure of countries including the United States, Germany, UK, China, and others is also expected to aid the growth of the market.

Challenges

Poor Healthcare Infrastructure in Low-Income Countries

In low-income countries, due to the low healthcare expenditure and poor healthcare infrastructure, the availability of screening platforms is limited. Such factors combined with low spending on research and development activities in these countries is expected to act as barriers to the growth of the market.

Stringent Government Regulations

There are extensive reimbursement challenges related to single cell genome sequencing procedures in the field of genetics. Several regulatory constraints associated with the development of the single cell genome sequencing technology are further expected to restrict the entry of new players, thus negatively impacting the market growth.