VANCOUVER, BC, Sept. 28, 2020
- Growing usage of Single Cell sequencing in oncology is one of the significant factors influencing the market growth.
- Market Size – USD 1,136.1 Million in 2019, Market Growth - CAGR of 13.9%, Market Trends –Growing occurrence of chronic diseases
VANCOUVER, BC, Sept. 28, 2020 /PRNewswire/ -- The Global Single Cell Sequencing Market is expected to reach USD 3,230.6 Million by 2027, according to a new report by Emergen Research. Single Cell sequencing finds widespread use in resolving heterogeneity of tumor, reconstruction of cancer cell evolutionary courses, and identification of rare sub-clones, thereby providing a promising technique for addressing resistance to drugs. Recently, researchers at the University of South California (USC) developed a method using Single Cell sequencing to identify sub-clones in cancer tissue that could provide important biological insights into how cancer progresses, how it spreads, and why it can become resistant to treatment.
Increased investment in R&D activities by the companies in the Single Cell sequencing industry is crucial in driving the growth of the market. For instance, 10X Genomics, a leading biotech firm engaged in the design and production of tech for genome sequencing, reported that its R&D expenditures rose to USD 22.2 million in the third quarter 0f 2019 from USD 11.1 million in 2018 during the same period, fueled by increased funding in workforce hiring, infrastructure development, and supplies.
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Key Highlights From The Report
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Emergen Research has segmented the global Single Cell sequencing market on the basis of product type, workflow, technology, disease type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Workflow Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
Disease Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
5. Rest of Europe
3. South Korea
4. Rest of APAC
2. Rest of LATAM
1. Saudi Arabia
3. Rest of MEA
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