/PRNewswire/ The "Spatial Genomics & Transcriptomics Industry Forecast to 2030" report has been added to ResearchAndMarkets.com s offering. The global.
Spatial Genomics & Transcriptomics Industry Forecast to 2030: Personalized Medicine Drive Fuels Demand for Spatial Genomics & Transcriptomics, Revolutionizing Precision Healthcare tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
According to Coherent Market Insights, Global DNA Sequencing Market is estimated to be valued at US$ 6,802.2 million in 2023 and is expected to exhibit a CAGR
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The global spatial genomics and transcriptomics market is projected to reach USD 404 million by 2025 from USD 178 million in 2020, at a CAGR of 17.8% during the forecast period.
Market growth is largely driven by the increasing adoption of spatial genomics and transcriptomics analysis among small companies and startups, expanding applications in biomarker identification and drug discovery & development, and increasing investment in biopharmaceutical R&D. On the other hand, lack of awareness about these techniques in the emerging countries and the high cost of instruments are some factors limiting the market growth.
By application, the translational research accounted for the largest share of the spatial genomics & transcriptomics market