Currently, Spatial Genomics & Transcriptomics Market is growing at a Compound Annual Growth Rate (CAGR) of 17.6 % to reach USD 800 million by 2027. The spatial genomics and transcriptomics market is segmented into spatial transcriptomics techniques and spatial genomics analysis techniques. In 2021, the spatial transcriptomics techniques segment accounted for the largest share of the global spatial genomics and transcriptomics market. Growth in this market segment can be attributed to the high adoption of spatial transcriptomics in drug discovery and development, introduction of novel products, increasing R&D investments and public-private funding.
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- Increasing adoption of spatial genomics & transcriptomics in drug discovery & development
- Introduction of novel products
- Increasing R&D investments and public-private funding
- Increasing use of spatial omics for biomarker identification
- Dearth of skilled professionals
- Imaging-based technological advancements
10x Genomics accounted for the second-largest share in the global spatial genomics and transcriptomics market in 2021. 10x Genomics 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. Its unique position and leadership in single-cell analysis have paved the way for developing spatial technologies. While the company does not offer spatial transcriptomic solutions at the single-cell level, its expertise offers 10x Genomics a competitive edge in the market.
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- Rising focus on drug discovery & development,
- Attributed to the growing incidence of chronic diseases and genetic diseases
- The rapidly growing aging population,
- In 2022, NanoString and Abcam announced an agreement to co-market Abcam antibodies for NanoString’s high-plex spatial multiomics solutions.
- In 2022, 10x Genomics announced the first commercial shipments of its Xenium platform for analysis. Xenium is the next generation of targeted spatial profiling of genes and proteins at subcellular resolution.
- In 2022, Illumina and AstraZeneca announced a strategic research collaboration to accelerate drug target discovery by combining their strengths in AI-based genome interpretation and genomic analysis techniques with industry expertise.