North American Market Forecast
The North America single-cell omics market is projected to be the largest with a share of about 40% by the end of 2037. The growth of the market is credited to rising investment in advanced healthcare technologies. Approximately USD 31 billion was invested in healthcare technology enterprises in the United States in the first quarter of 2022, which represents 28% of total investments. Investments in healthcare technologies, such as genomics, molecular diagnostics, and bioinformatics, support the development of precision medicine approaches. The integration of single-cell omics with healthcare technologies enables more accurate disease characterization, and patient stratification, driving the demand for single-cell omics technologies in the region.
APAC Market Statistics
The Asia Pacific single-cell omics market is expected to be the second largest, with a share of over 27% by the end of 2037, rising at a CAGR of almost 18% over the anticipated period. The rise in the collaboration of companies will bring new opportunities for market growth. For instance, Mission Bio, an innovator in high-throughput single-cell DNA and multi-omics analysis, recently signed a collaboration contract with SequMed, a Chinese pioneer in single-cell omics technology invention and applications. The partnership will allow Mission Bio's technological platform to be combined the clinical assay development and data analysis capabilities of SequMed in order to jointly create advanced single-cell assays for cancer detection, medication counseling, and prognostic tracking in China.
Author Credits: Radhika Pawar
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