Spatial Omics Market is Estimated To Witness High Growth Owing To Advancements In Sequencing Technologies

Spatial Omics Market
Spatial Omics Market

The Spatial Omics Market is estimated to be valued at US$ 267 million in 2022 and is expected to exhibit a CAGR of 9.4 % over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Spatial omics enables spatial transcriptomics, proteomics, and epigenomics in tissue or single-cell resolution. It provides spatial context and localization of molecular interactions within tissues and cells. Spatial omics tools identify genes, proteins and other molecules across entire tissue sections without requiring previous knowledge of the area of interest. This helps gain insights into tissue organization, cellular heterogeneity, and molecular distributions.

Market key trends:


Rise in adoption of spatial omics techniques for applications in drug discovery, biomarker development and diagnostic purpose is expected to drive the market growth. Spatial localization of molecular changes provides a more complete understanding of disease pathology and drug effects. Advancements in sequencing technologies like spatial transcriptomics offer high throughput capabilities while maintaining spatial context. Development of user-friendly instrumentation and software also boost the market. The technology enables comprehensive mapping of molecular alterations associated with disease progression at tissue and cellular levels.

Porter’s Analysis

Threat of new entrants: Low capital requirement and technology advancements have lowered entry barriers, threats remain moderate.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternative providers and differentiated products.

Bargaining power of suppliers: Suppliers possess moderate bargaining power due to availability of component substitutes and differentiation in offerings.

Threat of new substitutes: Threat of new substitutes remains high due to ongoing innovations and new entrants with proprietary technologies.

Competitive rivalry: Intense competition due to technological differentiations.

SWOT Analysis

Strengths: Emerging field with widening applications, technological advancements fueling market opportunities.

Weaknesses: High costs of systems and reagents, technical complexities limiting widespread adoption.

Opportunities: Increasing healthcare expenditures, growing research activities are fueling demand. Untapped growth prospects in developing regions.

Threats: Stringent regulatory framework, emerging alternatives restricting full market potential.

Key Takeaways

The global Spatial Omics Market is expected to witness high growth, exhibiting CAGR of 9.4% over the forecast period, due to increasing healthcare expenditures and growing R&D investments.

Regionally, North America dominates currently with a market share of over 35% in 2022. However, Asia Pacific is anticipated to register fastest growth during the forecast period owing to rising healthcare infrastructure, increasing disposable incomes and growing awareness.

Key players operating in the Spatial Omics market are 10x Genomics, Akoya Bioscience Inc., Biognosys AG, BioSpyder Technologies, Bio-Techne, Bruker, Brooks Automation Inc., Danaher Corporation, Diagenode. Players are focusing on new product launches, collaborations and geographic expansions to gain market share.

Read  More : https://www.newswirestats.com/the-rise-of-personalized-precision-medicine/

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