What are the Key Drivers Influencing Spatial Genomics & Transcriptomics Market Expansion?

Key drivers influencing market expansion include rising demands for personalized medicines, development of novel spatial analysis tools, and increased use of spatial and transcriptomics in drug discovery. Additionally, growing investments in R&D, utilization of advanced technologies, and identification of new biomarkers for diagnosis contribute to market growth.

Spatially resolved diagnostic and translational research transcriptomics and genomics-based techniques offer profitable opportunities due to significant potential in disease management. These technologies provide physicians with more comprehensive information on tumor development mechanisms, biomarker identification, and treatment strategies. They also offer quantitative gene expression data and visible DNA & RNA mapping into specific tissue regions.

In 2020, lung cancer was the leading cause of death globally, with 1.8 million deaths, followed by over 830 thousand deaths from liver cancer. Chronic diseases like diabetes, respiratory disease, and cancer are major contributors to global mortality, driving up diagnostic rates and expanding the scope for advanced diagnostics, thereby boosting the spatial genomics & transcriptomics market.

Competitive Analysis

NonoString Technologies, Inc., 10X Genomics, Illumina US, Bio-Rad Laboratories, Bio-Techne Corporation, Standard Bio Tools Inc., Genomic Vision SA, Akoya Biosciences, Inc., Danaher Corporation, Natera, Inc., PerkinElmer, Inc., and Seven Bridges Genomics.

Segmentation

By Technique

• Spatial Transcriptomics
• Spatial Genomics Analysis

By Product

• Instruments
• Consumables
• Software

By Application

• Translational Research
• Drug Discovery and Development

By End User

• Academic & Research Institutes
• Contract Research Organization
• Pharmaceutical & Biotechnology Companies
• Others

Regions Covered

North America(USA, Canada and Mexico) Europe(UK, Germany, France and the Rest of Europe) Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region) South America(Brazil, Argentina and the Rest of South America) Middle East and Africa(GCC and Rest of the Middle East and Africa)

A few of the recent developments in the market are

1. In October 2020

ReadCoor, a company that specializes in spatial transcriptomics was acquired by 10x Genomics for over US$ 350 million, for the expansion of its capabilities in the transcriptomics area.

2. In June 2021

The spatial biology company, Akoya Biosciences Inc., launched Advanced Biopharma Solutions (ABS) as a service for biopharmaceutical companies.

3. In Dec 2020

A new spatial genomics platform, the GeoMx DSP, which enables highly multiplexed spatial profiling of RNA and protein in a wide range of sample types, was launched by NanoString Technologies.

Market Trends

• Integration of spatial genomics with artificial intelligence and machine learning for data analysis
• Development of multiplexed spatial omics techniques for comprehensive molecular profiling
• Collaboration between academia and industry for research and development initiatives
• Adoption of spatial omics in drug discovery and development processes

Future Outlook

The spatial genomics and transcriptomics market is poised for exponential growth, driven by technological advancements, increasing research activities, and expanding applications across various industry verticals. As the understanding of spatially resolved molecular information deepens, these technologies are expected to play a pivotal role in advancing personalized medicine and accelerating drug discovery and development processes.

Key Market Study Points

• Market size and growth projections
• Regional analysis and growth opportunities
• Key market drivers and challenges
• Emerging trends and future outlook
• Competitive landscape and recent developments

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Advancements in drug discovery and clinical testing, coupled with rising incidences of diseases like cancer, are key growth drivers. The availability of ultra-low temperature freezers has significantly expanded vaccine storage capacity, facilitating global vaccine distribution. Market players are launching new products to bolster their market share in this growing segment. Ultra-low Temperature (ULT) freezers, also known as -80 freezers, are crucial in the life sciences sector for long-term storage of biomolecules. Operating between -40°C to -86°C (-40°F to -123°F), they prevent denaturation of biomolecules like oligonucleotides and proteins.

Featuring dual doors for temperature stability, an inner door minimizes heat influx, while exterior knobs and silicone gaskets ensure tight sealing. With polyurethane walls providing effective insulation, ULT freezers safeguard stored samples from external environmental conditions. Growth in Biobanking Sector Driving Global Ultra-low Temperature Freezers Market Size Blood banks play a crucial role in collecting, preserving, and distributing valuable biological samples for scientific research in both public and private sectors.

Investments in new therapies are on the rise to address healthcare gaps. The biobanking sector is poised for significant growth, especially in developing regions like Asia Pacific and Africa, owing to their genetic and biodiversity. Increased R&D investment in chronic diseases is expected to fuel growth in these regions. While public biobanks dominate, private ones are growing due to rising demand for preserving stem cells, gamete cells, and tissues.

Key Players

Thermo Fisher Scientific, Inc., Eppendorf AG, PHC Holdings Corporation (Panasonic Healthcare), Azbil Telstar, S.L., Arctiko A/S, Labcold Ltd., Bionics Scientific Technologies (P) Ltd., Haier Biomedical, Global Cooling Inc., and Helmer Scientific

Market Segmentation

• Product

  • Upright Freezers
    • Floorstanding
    • Benchtop/Undercounted
  • Chest Freezers

• Degree of Cooling

  • -41°C to -86°C Freezers
  • -87°C to -150°C Freezers

• Application

  • Blood & Blood Products
  • Biological Samples
  • Flammable Materials
  • Drug Compounds
  • Others

• End-user

  • Biobanks
  • Pharmaceutical & Biotechnology Companies
  • Academic Research Institutes
  • Others

Market Drivers and Challenges

Drivers

• Growing demand for biological sample preservation.
• Advancements in medical research and biotechnology.
• Rising investments in healthcare infrastructure.
• Increasing prevalence of chronic diseases.
• Expansion of the pharmaceutical sector.

Challenges

• High initial investment and maintenance costs.
• Technical complexities associated with ultra-low temperature storage.
• Stringent regulatory requirements for cold chain logistics.
• Limited availability of skilled professionals for freezer maintenance.

Key Developments

• In June 2022, Haier Biomedical, a global innovative life science and medical digital service ecosystem brand, launched the DW-86L828ST new-generation ULT freezer, which integrates TwinCool technology, Frequency Conversion technology, and Hydrocarbon energy-saving technology
• In June 2021, Thermo Fisher Scientific launched its advanced TSX Series ULT Freezers, which are the only systems to offer an exterior illumination option that simplifies usage by enabling quick visual inspection of the freezer’s health status. The systems also include an enhanced cloud-connected monitoring functionality and a frost management capability, which features an adjustable cabinet heater that minimizes frost and ice build-up.
• In February 2021, Godrej Appliances launched new ultra-low temperature freezers for vaccine storage. These advanced medical freezers can preserve life-saving medical supplies, including critical vaccines, below -80°C and are aimed at boosting both Indian and global medical cold chains.

Regions Covered

North America(USA, Canada and Mexico) Europe(UK, Germany, France and the Rest of Europe) Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region) South America(Brazil, Argentina and the Rest of South America) Middle East and Africa(GCC and Rest of the Middle East and Africa)

Future Outlook

The ultra-low temperature freezers market is expected to witness sustained growth in the coming years, driven by technological advancements, increasing research activities, and the expanding pharmaceutical and biotechnology sectors. Moreover, the growing emphasis on precision medicine and personalized therapies will further fuel the demand for ultra-low temperature storage solutions.

Key Market Study Points

• Market size and growth projections.
• Regional analysis highlighting key growth regions.
• Segment-wise analysis based on service type, sourcing type, application, industry vertical, and region.
• Market drivers, challenges, and trends shaping the industry.
• Future outlook and growth opportunities.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN, 1000 N.

West Street, Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada

Toll Free: 866-552-3453

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The global virus filtration market has experienced substantial growth due to the increasing number of biopharmaceutical and biotechnology industries worldwide. Moreover, investments in research and development by both private and government entities are expected to further drive market growth. However, stringent regulations regarding the validation of virus filtration products may impede market expansion.

Major players

Merck KGaA, Asahi Kasei Corporation, Sartorius AG, General Electric, Thermo Fisher Scientific, Inc., Danaher, PendoTECH, Lonza, Charles River Laboratories, and Medical Respiratory Devices. The global virus filtration market has been segmented as:

Product Type

• Virus Filters & Filtration Systems
• Kits & Reagents
• Services

Application

• Biological
  • Vaccines & Therapeutics
  • Blood & Blood Products
  • Stem Cell Products
  • Others
• Medical Devices
• Water Purification
• Air Purification

End-user

• Pharmaceutical & Biotechnology Companies
• Contract Research Organizations
• Medical Device Companies
• Others

Market Drivers and Challenges

Drivers

• Stringent regulations mandating virus filtration in various industries
• Growing demand for biopharmaceuticals and vaccines
• Technological advancements leading to the development of more efficient filtration solutions

Challenges

• High initial investment costs associated with advanced filtration technologies
• Complex regulatory approval processes
• Risk of membrane fouling and integrity issues

Regions Covered

North America(USA, Canada and Mexico) Europe(UK, Germany, France and the Rest of Europe) Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region) South America(Brazil, Argentina and the Rest of South America) Middle East and Africa(GCC and Rest of the Middle East and Africa)

Market Trends

• Adoption of single-use filtration systems
• Integration of nanotechnology in filtration processes
• Increasing focus on continuous manufacturing processes
• Rise in demand for virus filtration in emerging economies

Future Outlook

The virus filtration market is poised for substantial growth in the coming years, driven by the increasing emphasis on product safety and the rapid expansion of the biopharmaceutical industry. Advances in filtration technology, coupled with the development of novel antiviral filtration solutions, will further fuel market growth.

Key Market Study Points

• Market dynamics analysis, including drivers, challenges, opportunities, and trends
• Competitive landscape assessment, encompassing key players, market share analysis, and strategic initiatives
• Regulatory landscape overview and its impact on market growth
• Technological advancements and their implications on virus filtration processes

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN, 1000 N.

West Street, Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada

Toll Free: 866-552-3453

The post Virus Filtration Market to Grow at 12.4% CAGR during Forecast Period, 2018 – 2026| According to TMR Study appeared first on PR Submission Site.

Key Drivers

• Despite global improvements in oral health, dental issues persist, with dental caries affecting a significant portion of schoolchildren and adults in industrialized nations.
• A 2016 WHO report highlights high rates of dental plaques and cavities among schoolchildren and adults worldwide, leading to considerable discomfort.
• Changing lifestyles and a growing elderly population contribute to rising cases of tooth loss and periodontal conditions, driving demand for dental treatments, including implants.
• The global elderly population is projected to reach around 2 billion by 2050, particularly in developed countries like Italy, Germany, the U.K., the U.S., and Japan.
• The increasing incidence of dental caries, alongside demographic shifts, is expected to fuel growth in the dental implants market.

Competitive Landscape

Straumann Holding AG, Dentsply Sirona Inc., Henry Schein Inc., Zimmer Biomet Holdings, Inc., Danaher Corporation,3M Health Care, Ivoclar Vivadent AG,AVINENT Implant System, S.L., Bicon, LLC,, Osstem Implant, CO., Ltd.

Segmentation

Product Type

• Endosteal Implants
• Subperiosteal Implants
• Transosteal Implants
• Intramucosal Implants

Material

• Titanium Implants
• Zirconium Implants

End-user

• Hospitals
• Dental Clinics
• Academic & Research Institutes.
• Others

Regions Covered

North America(USA, Canada and Mexico) Europe(UK, Germany, France and the Rest of Europe) Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region) South America(Brazil, Argentina and the Rest of South America) Middle East and Africa(GCC and Rest of the Middle East and Africa)

Key Developments

• In June 2019, Zfx and Zimmer Biomet launched a new restorative digital product line for Zimmer Biomet dental implant systems, GenTek. The products will strengthen the integrity of clinically proven implant connection designs.
• In June 2018, Darby Dental Supply announced the launch of the Alfa Gate line of premium implants. Darby Dental Supply is one of the largest dental distributors in the U.S.
• In December 2017, The Straumann Group announced that the company has signed an agreement to acquire Same Day Solutions (SDS), a dental distribution company based Portugal. The Same Day Solutions sells and markets competitor dental implants, biomaterials and whitening products in Portugal.
• In February 2016, Henry Schein, Inc. announced that it had signed an agreement with Dental Cremer S.A., a distributor of dental supplies and equipment in Brazil. Under the terms of the agreement, Henry Schein will acquire majority ownership interest of Dental Cremer. The acquisition will help Henry Schein to strengthen its foothold in Brazil.

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Morpholine Market to grow at a CAGR of 6.2% from 2023-2031, reaching US$ 6.7 Billion Hemostasis Valves Market Revenue to Cross USD 245.6 Mn by 2031 with CAGR of 4.8%

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West

Street, Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada

Toll Free: 866-552-3453

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