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Global Single Cell RNA Sequencing Market - A Global and Regional Analysis

Focus on Product, Workflow, End User and Application, Supply Chain, and Country-Wise Analysis - Analysis and Forecast, 2021-2031

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The single cell RNA sequencing market is anticipated to reach a value of $2,931.3 million in 2031 from $386.7 million in 2020, witnessing a CAGR of 17.08% during the forecast period 2021-2031.
The top market players are 10x Genomics, Inc., BGI Group, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company (BD), Fluidigm Corporation, MedGenome, NanoString Technologies, Inc., Pacific Biosciences of California, Inc., QIAGEN N.V., PerkinElmer Inc., Takara Bio, Inc., Thermo Fisher Scientific Inc.
Factors driving the growth of the single cell RNA sequencing market are rising applications of single cell RNA sequencing in cancer studies and treatment, increasing awareness and acceptance of personalized diagnostics on a global level, decreasing cost of sequencing, and increasing government funding for healthcare.
Some of the main challenges restricting the growth of the single cell RNA sequencing market are computational challenges in data analysis of ScRNA sequencing, high capital requirement, and lack of infrastructure and expertise.
The potential opportunities that are likely to boost the growth of the single cell RNA sequencing market are expansion into emerging markets, expansion into new Research application, and expansion of the product portfolio.
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