The major factors driving the growth of the spatial genomics market are the increasing adoption of spatial genomics and transcriptomics techniques for drug discovery & development and the increasing R&D investments and public-private funding. The introduction of technologically advanced instruments for spatial genomics analysis is also boosting the market growth.
According to research report the spatial genomics market is projected to reach $404 million by 2025, at a CAGR of 17.8%.
On the basis of technique, the spatial genomics and transcriptomics market is segmented into spatial transcriptomics techniques and spatial genomics analysis techniques. The spatial transcriptomics techniques segment is further sub-segmented into immunohistochemistry (IHC), in situ hybridization, microscopy-based RNA imaging, sequencing technologies and other spatial transcriptomics techniques.
In 2019, consumables accounted for the largest share in the global spatial genomics and transcriptomics market. Based on product, the global spatial genomics & transcriptomics market is categorized instruments, consumables, and software. The growing applications of spatial genomics and transcriptomics in various fields such as drug discovery & development and biomarker identification and the growing use of consumables are the key factors driving the market growth.
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