New Report Available: Cell Analysis Market - Forecast to 2020

From: Fast Market Research, Inc.
Published: Thu Feb 04 2016

Cell Analysis Market by Product (Instrument (PCR, HCS, Spectrophotometer, Microscope), & Consumables (Assay, Reagent)), by Process (Cell Proliferation, Single Cell Analysis), & by End User (Hospital, Pharmaceutical, Biotechnology, CRO) - Forecast to 2020

The global cell analysis market is expected to reach USD 26.0 billion by 2020 from USD 19.0 billion in 2015, growing at a CAGR of 6.56% from 2015 to 2020. The global cell analysis market is categorized on the basis of product, process, end user, and geography. The instruments segment is expected to register the highest growth rate in the cell analysis market, by product, during the forecast period. Its favorable growth is attributed to biological relevance for new drug discoveries, cancer research, and government funding & support for cell-based research. Furthermore, instruments are rapidly adopted by biotechnology and biopharmaceutical industries for performing cell analysis biotechnology products and biopharmaceuticals. This is another major reason for the growth of this market.

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Major factors contributing to growth of the cell analysis market include rising incidence of chronic and infectious diseases, growing healthcare industry and medical spending, rising incidence of cancer, and introduction of technologically advanced products are likely to propel the growth of this market. Furthermore, Corporate and government funding for cell-based research is another major factor providing impetus for growth of this market. For instance, The Global Health Innovative Technology Fund (GHIT Fund) is a public-private partnership dedicated towards Japanese R&D focusing on research related to infectious diseases. It offers funds to various partnerships between Japanese and non-Japanese organizations, which include various pharmaceutical companies, academic and research institutions, and product development partnerships (PDPs). The relatively untapped markets of the Asia-Pacific region and advent of microfluidics in cell analysis have opened an array of opportunities for the cell analysis market. However, reluctance amongst researchers to use advanced cell analysis techniques and high cost of instruments are expected to restrain the growth of this market.

The Asia-Pacific region, qPCR, and single cell analysis are expected to serve as new revenue pockets for the cell analysis market in the coming five years.

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