The growing demand from biomarkers and the rising applications of transcriptomics technologies across the globe will prove to be a boon for the growth of the spatial OMICS market during the assessment period of 2020-2030.
The growing demand from biomarkers and the rising applications of transcriptomics technologies across the globe will prove to be a boon for the growth of the spatial OMICS market during the assessment period of 2020-2030. The expanding prevalence of cancer and other chronic diseases will also prove to be a major growth contributor for the spatial OMICS market.
OMICS is an umbrella term that summarizes different analyses such as epigenomics, proteomics, transcriptomics, lipidomics, and metabolomics. Spatial OMICS blends the molecular analysis with spatial information on the cell within the tissue. The benefits associated with using spatial OMICS will bring immense growth prospects for the global market during the tenure of 2020-2030.
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On the basis of technique, the spatial OMICS market can be segmented into spatial transcriptomics, spatial genomics, and IHC. Based on the product, the spatial OMICS market can be classified into software (bioinformatics tools, imaging tools, storage, and management databases), instruments, and consumables. The overwhelming use of spatial OMICS across pharmaceutical companies, biotechnology companies, academic institutes, and translational research institutes will bring tremendous growth opportunities.
TMR Research has performed an extensive analysis on various aspects related to the growth of the spatial OMICS market. Regional dimensions, industrial insights, key trends, and recent developments in the spatial OMICS market are covered in this report. The coronavirus pandemic impact on the spatial OMICS market has also been covered and included by TMR Research. The growth trajectory of the spatial OMICS market is measured through different parameters that TMR Research applies. It provides an accurate detailing of the current landscape of the spatial OMICS market.
Spatial OMICS Market: Competitive Insights
The spatial OMICS market has numerous players vying to be at the top position. The players are involved in fierce competition for increasing their consumer base. They generally focus on new product launches or upgrade their existing products. The spatial OMICS platforms are constantly upgraded with the help of research and development activities. These activities are important from a revenue perspective. The activities help the players in expanding their revenues through deriving insights and discovering new formulations.
Mergers and acquisitions are also an important part of the spatial OMICS market growth structure. They play a crucial role in strengthening the foothold of the players in the spatial OMICS market. All these factors ultimately contribute to the growth of the spatial OMICS market.
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Some well-entrenched players in the spatial OMICS market are;
- NanoString Technologies, Inc.
- Millennium Science Pty Ltd.
- Seven Bridges Genomics
- 10x Genomics
Spatial OMICS Market: Recent Developments
The spatial OMICS market is abuzz with developments. Some major developments are as follows:
- Rebus Biosystems launched an automated spatial OMICS platform that delivers spatial data within minimal hands-on time. It will enable researchers to understand tissue biology accurately.
- Andor, a manufacturer of high-performance scientific cameras, collaborated with Akoya Biosciences Inc for delivering state-of-the-art 3D tissue imaging systems.
Such developments bode well for the growth of the spatial OMICS market.
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Spatial OMICS Market: Regional Contribution
North America’s spatial OMICS market is estimated to contribute the dominant growth share during the tenure of 2020-2030. The expanding demand for personalized medicine and the presence of new diagnostic techniques will prove to be a vital growth-contributing factor. The spatial OMICS market in Asia Pacific will also observe rapid growth due to the region’s consistent expansion of biological research activities.
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