Press release
Spatial Genomics and Transcriptomics Market
Spatial Genomics and Transcriptomics Market-DataM Intelligence
The market for spatial genomics and transcriptomics is anticipated to reach USD million by 2029, expanding at a compound annual growth rate (CAGR) of 9.35% from 2023 to 2030. Spatial genomics is a new field of molecular biology that aims to examine the genomic information of single cells in their natural tissue context, and spatial transcriptomics is a groundbreaking molecular profiling technology that enables scientists to map all gene activity in a tissue sample and analyze it.
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Market Dynamics and Trends for Spatial Genomics and Transcriptomics
The market for spatial genomics and transcriptomics is expected to grow quickly due to the introduction of the fourth generation of sequencing and the growing potential of spatial genomic analysis as a tool for cancer diagnosis.The use of spatial information as a diagnostic biomarker for a range of diseases is the outcome of the recognition that the spatial patterns found in the genome can be used to treat a variety of medical disorders. There is a growing insistence for biomarkers, which allow for more accurate differentiation of benign tumors from malignant tumors, increasing the demand for spatial genomic analysis as a cancer diagnostic tool. As a result, the aggregate demand for robust cancer diagnostic solutions contributes to the overall market's growth.
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Geographical Penetration
North America region holds the largest market share of global spatial genomics and transcriptomics market
Over the course of the forecast period, North America is anticipated to generate the largest amount of revenue for the global market due to rising investments in genomic R&D projects, an increasing focus on disease pathology research, and developments in biomedical procedures and sequencing technology. In the upcoming years, the strong presence of important organizations in the region is anticipated to bolster market growth. A USD 37 million Series B funding round was closed in April 2021 by Vizgen, a US-based biotech company that creates solutions for next-generation spatially resolved, single-cell transcriptomics. The funds will be used to expedite infrastructure development in advance of the commercial launch of the MERSCOPE Platform, which will further the field of spatial genomics research.
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