The Cell Counting Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cell Counting Global Market Report 2024, The cell counting market size has grown strongly in recent years. It will grow from $9.96 billion in 2023 to $10.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growth in biomedical research, increased clinical diagnostics, expanded pharmaceutical industry, increased cancer research, and increased aging population.
The cell counting market size is expected to see strong growth in the next few years. It will grow to $15.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing focus on precision medicine, grwoing adoption of regenerative medicine, increasing point-of-care testing, and growing stem cell research. Major trends in the forecast period include technological advancements, product innovations, ai integration, automation technology solutions, strategic collaborations.
The growing prevalence of cancer amongst the global population is the major factor expected to drive the growth of the cell counting market. Changing lifestyle and eating habits, and non-maintaining of healthy body weight is the reason for chronic diseases and other chronic infections have the risk factors for cancer. Cancer is caused by various factors such as smoking, radiation, viruses, cancer-causing chemicals (carcinogens), obesity, hormones, chronic inflammation, and a lack of exercise. The growing population and exposure to the infection lead to chronic diseases. The need for celling counting increases as there is an increase in the prevalence of cancer. For instance, in January 2022, according to the American Cancer Society, a US-based non-profit healthcare organization devoted to the eradication of cancer, on average, 1,670 people will die from cancer each day in the United States, where there will be 1.9 million new cases and 609,360 deaths from the disease in 2022. Whereas in 2021, it has been estimated as 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in the US show increasing growth in chronic diseases in the country. Therefore, the growing prevalence of cancer amongst the global population drives the cell counting market growth.
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The cell counting market covered in this report is segmented –
1) By Consumables And Accessories: Media, Sera And Reagents, Assay Kits, Microplates, Accessories, Other Consumables
2) By Product: Spectrophotometers, Single-Mode Readers, Multi-Mode Readers, Cell Counters, Automated Cell Counters, Hemocytometers, Manual Cell Counters, Flow Cytometers, Hematology Analyzers
3) By Application: Research Applications, Clinical And Diagnostic Applications, Industrial Applications
4) By End-User: Hospitals And Diagnostic, Research Institutions, Pharmaceutical And Biotechnology Companies, Other End-Users
Technological advancement is a key trend gaining popularity in the cell counting market. The key players operating in the cell counting market are focused on developing new technological solutions to strengthen their position in the market. The innovative solutions of next-generation information management focus on improving patient care. This discovery should increase the capabilities that can help improve efficiency within the hospital laboratory or network with the help of data visualization and analysis software. For instance, Bio-Rad Laboratories Inc., a US-based developer and manufacturer of specialized technological products for life science research and clinical diagnostics launched TC20 Automated Cell Counter, an advanced cell counter with innovative auto-focus technology and a sophisticated cell-counting algorithm. It offers accurate mammalian cell counting in less than 30 seconds.
The cell counting market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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