Spatial Genomics and Transcriptomics Market Top Leaders and Business Growth Strategies
According to the new market research report Spatial Genomics 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.
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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.
The prominent players operating in
the spatial genomics and transcriptomics market are 10X Genomics (US),
NanoString Technologies Inc. (US), Illumina Inc. (US), and Bio-Rad
Laboratories (US).
NanoString Technologies Inc., held a dominant
share in the global spatial genomics market. The company is engaged in
the development, manufacturing, and commercialization of instruments,
consumables, and services for profiling the activity of genes and
proteins simultaneously from a single tissue sample. In 2019, the
company launched the GeoMx Digital Spatial Profiler, enabling highly
multiplexed spatial profiling of RNA and protein targets in various
sample types, including FFPE tissue sections. The company held a
substantial market share in 2019 due to its brand presence and product
offerings in the spatial genomics and transcriptomics market.
10X
genomics held the second-largest position in the spatial genomics
market in 2019. The company focuses on strengthening its market position
by adopting organic and inorganic strategies, such as product launches
and mergers & acquisitions. The company offers the Visium Spatial
platform and consumables such as Visium Spatial Gene Expression assays
and Visium mRNA arrays to measure spatial gene expression patterns using
high-density DNA barcode sequencing arrays. The company acquired
Spatial Transcriptomics (Sweden) in 2018 and entered the spatial
genomics and transcriptomics market.
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Illumina
Inc. (US) held a leading position in the global spatial genomics
market, with a share of about 12–17%. The company has a strong product
portfolio for RNA sequencing and has maintained its leading position
through a strong presence across North America, Europe, Asia Pacific,
and the Rest of the World. The company offers exhaustive products for
targeted RNA sequencing, mRNA sequencing, total RNA-Seq, small RNA
sequencing, low-quality and FFPE RNA-Seq, ultra-low RNA input
sequencing, and ribosome profiling. The company focuses on new product
launches and acquisitions as major business development strategies. In
2018, Illumina acquired Edico Genome (US), a leading provider of data
analysis acceleration solutions for next-generation sequencing (NGS).
This acquisition broadened Illumina’s product portfolio and strengthened
its brand presence globally.
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