Spatial Genomics Market to be Worth $3.23 Billion by 2031

 

Meticulous Research®, a top global market research firm, has released a report titled "Spatial Genomics Market by Type (Genomics, Transcriptomics), Technology (Sequencing, Imaging), Application (Oncology, Neurology), Offering (Consumables, Instruments, Software), End User (Pharmaceutical & Biotechnology, CRO) - Global Forecast to 2031."

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The report forecasts that the global spatial genomics and transcriptomics market will reach $3.23 billion by 2031, with a compound annual growth rate (CAGR) of 27.8% from 2024 to 2031. This growth is attributed to increasing applications in drug discovery, advancements in Next-Generation Sequencing (NGS), and the rising prevalence of cancer. However, challenges such as the lack of standardized approaches and privacy concerns may hinder market expansion.

Key players in the market include NanoString Technologies, 10X Genomics, and Illumina. The report indicates that the instruments segment is expected to experience the highest growth rate due to rising demand for advanced detection capabilities. Notably, the transcriptomics segment is projected to dominate the market share in 2024.

Asia-Pacific is anticipated to exhibit the highest growth rate during the forecast period, driven by increased funding and advancements in research infrastructure across the region.

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Key questions answered in the report:

• Which are the high-growth market segments in terms of offering, type, technology, application, end user, and region/country?
• What was the historical market for spatial genomics across the globe?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global spatial genomics & transcriptomics market?
• Who are the major players in the global spatial genomics & transcriptomics market?
• What is the competitive landscape, and who are the market leaders in the global spatial genomics market?
• What are the recent developments in the spatial genomics & transcriptomics market?
• What are the different strategies adopted by the major players in the spatial genomics market?
• What are the geographical trends and high-growth regions/countries?

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