The biological data visualization global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Biological Data Visualization Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The biological data visualization market size has grown rapidly in recent years. It will grow from $0.61 billion in 2023 to $0.70 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to adoption of high-throughput technologies, emergence of single-cell analysis techniques, advancements in imaging techniques, growing focus on drug discovery and development, and rising investment in life sciences research.
The biological data visualization market size is expected to see rapid growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to integration of AI and machine learning for data analysis, expansion of genomics and proteomics research, increasing demand for personalized medicine, demand for real-time visualization tools, and increasing adoption of cloud-based solutions. Major trends in the forecast period include multi-omics integration, enhanced spatial understanding of biological structures, accelerating data interpretation using automated annotation and labeling, data harmonization and standardization, and interactive exploration of complex datasets using virtual reality (VR) and augmented reality (AR).
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Scope Of Biological Data Visualization Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Biological Data Visualization Market Overview
Market Drivers –
The rising demand for personalized medicine is expected to propel the growth of the biological data visualization market going forward. Personalized medicine refers to tailoring medical treatment and healthcare interventions to individual patients based on their unique characteristics, including genetic makeup, lifestyle, and preferences. The demand for personalized medicine is due to advancements in genomics, increasing patient empowerment, and the growing recognition of the importance of individualized treatment approaches. Biological data visualization aids in personalized medicine by visually representing patient-specific genetic, molecular, and clinical data to inform tailored treatment strategies. For instance, in February 2024, according to the Personalized Medicine Coalition, a UK-based organization promoting the adoption of personalized medicine, the Food and Drug Administration’s (FDA) Center for Drug Evaluation and Research (CDER) approved 16 new personalized medicine for rare disease patients, up from 6 in 2022. Therefore, the rising demand for personalized medicine is driving the growth of the biological data visualization market.
Market Trends –
Major companies operating in the biological data visualization market are focusing on developing advanced solutions, such as AI-powered single-cell analysis systems, to address limitations in existing tools and gain a competitive edge in the market. An AI-powered single-cell analysis system is an advanced technology that integrates artificial intelligence (AI) and machine learning (ML) with single-cell sequencing and analysis techniques. This system is designed to analyze data from individual cells at a high resolution, providing insights into cellular heterogeneity, gene expression, and cellular interactions within complex biological systems. For instance, in May 2023, Deepcell, a US-based biotechnology company, launched the REM-I Platform, an AI-powered single-cell analysis system designed to revolutionize biological research by offering scalable single-cell imaging, high-dimensional analysis, and cell sorting capabilities. This platform provides unique features, such as the ability to classify and sort cells based on morphological and phenotypic data without labeling and real-time, high-resolution visualization of cellular heterogeneity. This is expected to accelerate cell biology discovery and catalyze the field of morpholomics, offering researchers a powerful tool for unlocking the mysteries of individual cells.
The biological data visualization market covered in this report is segmented –
1) By Technique: Microscopy, Magnetic Resonance Imaging, Sequencing, X-Ray Crystallography, Other Techniques
2) By Platform: Windows, Mac Operating System, Linux, Other Platforms
3) By Application: Cell And Organism Imaging, Structural Biology And Molecular Modeling, Genomic Analysis, Alignments, Phylogeny, And Evolution, Systems Biology
4) By End Use: Academic Research, Pharmaceutical And Biological Centers, Hospitals And Clinics, Other End Uses
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Regional Insights –
North America was the largest region in the biological data visualization market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biological data visualization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the biological data visualization market are Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson and Company (BD), GE HealthCare Technologies Inc., Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Sartorius AG, Nikon Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Carl Zeiss Meditec AG, QIAGEN N.V., Bio-Techne Corporation, Leica Microsystems, Promega Corporation, 10x Genomic Inc., Luminex Corporation, Abcam plc, Oxford Nanopore Technologies Ltd., Cell Signaling Technology Inc., Pacific Biosciences of California Inc., NanoString Technologies Inc., Fluidigm Corporation
Table of Contents
1. Executive Summary
2. Biological Data Visualization Market Report Structure
3. Biological Data Visualization Market Trends And Strategies
4. Biological Data Visualization Market – Macro Economic Scenario
5. Global Biological Data Visualization Market Size and Growth
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32. Global Biological Data Visualization Market Competitive Benchmarking
33. Global Biological Data Visualization Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Biological Data Visualization Market
35. Biological Data Visualization Market Future Outlook and Potential Analysis
36. Appendix
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