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How has the spatial omics market grown over the years?

In recent times, the market size for spatial omics has seen a rapid expansion. The growth will see an increment from $0.3 billion in 2024 to an estimated $0.33 billion by 2025, projecting a compound annual growth rate (CAGR) of 11.7%. This substantial growth during the historical period is credited to factors such as the surge in genetic disorders, escalating cancer prevalence, a higher demand for personalized medication, a growing need for biomarker identification and validation, increased uptake of spatial genomics, and advancements in the fields of proteomics and transcriptomics.

What Is the forecasted market size and growth rate for the spatial omics market?

The spatial omics market size is expected to see rapid growth in the next few years. It will grow to $0.51 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increased research and development activities, increased financing for OMICS research, development of transformational approaches for cancer biomarker discovery, increased translational research, and economic growth. Major trends in the forecast period include Strategic collaborations and partnerships, spatial omics techniques, integration of advanced technologies, product innovations, and technological advancement.

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What are the major factors driving growth in the spatial omics market?

The growing incidence of genetic disorders is projected to boost the expansion of the spatial omics market. Genetic disorders are conditions triggered by anomalies in an individual’s DNA, passed down from one or both parents. The escalation of such diseases can be attributed to the augmented awareness, advanced diagnostic methods, lifestyle changes, and environmental elements that induce mutations. Utilizing spatial omics methodologies offers a potent strategy to scrutinize these genetic disorders by yielding comprehensive spatial maps of molecular and genetic traits within tissues. For instance, in February 2023, the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations overseeing international public health, reported that around 240,000 newborns globally died within 28 days of birth each year due to congenital diseases. Furthermore, the Centers for Disease Control and Prevention, a US government agency, states that around 6,000 infants are born with Down syndrome in the United States annually, this accounts for 1 in every 700 babies. Hence, the escalating incidence of genetic disorders is propelling the expansion of the spatial omics market.

What key areas define the segmentation of the global spatial omics Market?

The spatial omics market covered in this report is segmented –

1) By Product: Instruments, Consumables, Software

2) By Sample Type: Formalin-Fixed Paraffin-Embedded (FFPE), Fresh Frozen

3) By Workflow: Sample Preparation, Instrumental Analysis, Data Analysis

4) By Technology: Spatial Transcriptomics, Spatial Genomics, Spatial Proteomics

5) By End-Use: Academic And Translational Research Institutes, Pharmaceutical And Biotechnology Companies

Subsegments:

1) By Instruments: Spatial Transcriptomics Instruments, Imaging Systems, Mass Spectrometers

2) By Consumables: Reagents, Kits, Sample Preparation Materials

3) By Software: Data Analysis Software, Visualization Tools, Integration Platforms

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Who are the key players steering the development of the spatial omics market?

Major companies operating in the spatial omics market are Agilent Technologies Inc., PerkinElmer Inc., Ilumina Inc., Bruker Corporation, QIAGEN N.V., 10x Genomics Inc., Luminex Corporation, Takara Bio Inc., Oxford Nanopore Technologies, NanoString Technologies Inc., Standard BioTools Inc., Akoya Biosciences Inc., CrestOptics, Indica Labs Inc., Miroculus Inc., Resolve Biosciences GmbH, Pixelgen Technologies, Ionpath Inc., RareCyte Inc., S2 Genomics Inc., Spatial Genomics, Vizgen Inc., BioSpyder Technologies, Ultivue Inc., Seven Bridges Genomics

What emerging trends are influencing the growth of the spatial omics market?

Top-level businesses in the spatial omics industry are prioritizing the creation of ground-breaking solutions like high-plex spatial imaging to better serve their customer base with sophisticated features. High-plex spatial imaging is a cutting-edge method enabling simultaneous representation of a wide array of molecular markers within one tissue sample, which maintains spatial context for detailed examination of intricate cell interactions and tissue structure. For instance, in April 2022, Standard BioTools Inc., a firm based in the United States that offers solutions for the life sciences, introduced the Hyperion+ Imaging System. This revolutionary platform dramatically improves spatial biology study through high-parameter imaging abilities. By integrating Imaging Mass Cytometry (IMC) technology with top-tier automation, it can analyze over 40 protein indicators at a subcellular level without any interruption by autofluorescence. The Hyperion+ is built for high throughput, capable of handling up to 100 specimens per week and 140 tissue microarrays within just slightly over five days. This efficiency renders it as the ideal choice for studies on a substantial scale.

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What regions are contributing significantly to the growth of the spatial omics market?

North America was the largest region in the Spatial OMICS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spatial omics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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