
According to the new market
research report "Cell Analysis Market by Product [Microscope, Spectrophotometers, Flow
cytometry (Software, Accessories)], Process (Cell Viability, Cell
Proliferation, Signal Transduction), End User (Pharma, Research, Biotechnology
Companies) - Global Forecast to 2024", published by MarketsandMarkets™, the Cell
Analysis Market is expected to reach USD 22.7 billion by 2024
from USD 16.0 billion in 2019, at a CAGR of 7.2%. from 2019 to 2024
Browse and in-depth
TOC on "Cell Analysis Market"
209 - Tables
36 - Figures
230 - Pages
The Increasing government
funding for cell-based research and the rising incidence of chronic and
infectious diseases are the major factors driving the growth of this market.
In 2018, the flow cytometry
products segment accounted for the largest share of the cell analysis market
Based on product, the Cell
Analysis Market is broadly categorized into microscopes, flow cytometry
products, spectrophotometers, qPCR products, cell counters, cell microarrays,
high-content screening (HCS) systems, and other products. The flow cytometry
products segment accounted for the largest market share in 2018. The large
share of this segment is primarily attributed to technological advancements,
the increasing adoption of flow cytometry techniques in research and academia,
growing public-private initiatives in the field of immunology and
immuno-oncology research, and the rising incidence and prevalence of chronic
diseases.
The pharmaceutical &
biotechnology companies and CROs segment to grow at the highest CAGR during the
forecast period
Based on end user, the Cell
Analysis Market is segmented into hospitals & diagnostic laboratories, research
institutes, pharmaceutical & biotechnology companies and CROs, cell culture
collection repositories, and other end users. The pharmaceutical &
biotechnology companies and CROs segment is expected to register the highest
CAGR during the forecast period. These facilities use cell analysis instruments
and consumables during various stages of drug discovery, drug research and
development, pharmacokinetics, toxicology, and clinical studies.
Growing regulatory approvals for cell culture-based vaccines, increasing pharmaceutical R&D expenditure, and commercial expansion of various pharmaceutical companies are driving the growth of this end-user segment.
North America was the
largest regional market for cell analysis in 2018
By region, the Cell
Analysis Market is segmented into North America, Europe, the Asia
Pacific, Latin America, and the Middle East & Africa.
In 2018, North America accounted for the largest market share,
followed by Europe. Factors such as the presence of a favorable business
environment, growing government support through funds and grants, growing
number of research activities, rising number of drug discovery initiatives by
pharmaceutical & biotechnology companies in the US, and the strong presence
of key players in this region are driving the growth of the Cell Analysis
Market in North America.
The prominent players
operating in the Cell Analysis Market are Danaher Corporation (US), Thermo
Fisher Scientific (US), Becton, Dickinson and Company (US), Merck KGaA
(Germany), GE Healthcare (US), Agilent Technologies, Inc. (US), Olympus
Corporation (Japan), PerkinElmer, Inc. (US), Promega Corporation (US), Tecan
Group (Switzerland), Miltenyi Biotec (Germany), Carl Zeiss (Germany),
Bio-Rad Laboratories Inc (US), and Sysmex Corporation (Japan).
Contact:
Sanjay S
Team Lead
Email : sanjay.sutar@marketsandmarkets.com