The global cell sorting market had a market size of USD 438.5 Million in 2019, and is expected to reach a market size of USD 805.1 Million by 2027, and register a rapid CAGR of 7.9% over the forecast period. Increase in research and development activities in healthcare and pharmaceutical industries, advancements in diagnostic procedures, and increase in prevalence of chronic diseases such as diabetes and cancer, are factors contributing to growth of the global cell sorting market.
High prevalence of cancer is a major issue and concern for governments in countries across the globe. Rise in prevalence of breast, lung, liver, and colorectal cancers is expected to propel demand for cell sorting in cancer research and in turn boost market growth in the near future. The global geriatric population is also increasing rapidly, and resulting in a large and growing cancer patient pool.
Increase in healthcare budgets in developing economies and rise in need for development of targeted therapies are among other factors boosting growth of the cell sorting market. Advancements in biotechnology and increase in adoption of cell sorters for research and development activities are expected to fuel growth of the market over the forecast period. The global cell sorting market is consolidated and complex in nature, with major international players accounting for a significant market revenue share. This limits entry of new players into the market.
Request a Sample@ https://qyresearchmedical.com/sample/118932
Product and Services Outlook:
Based on product and services, the global cell sorting market has been segmented into cell sorters, reagents & consumables, and services. The cell sorters segment accounted for the largest revenue share in the global cell sorting market in 2019. Emergence of advanced cell sorters has resolved most of the issues related to cell sorting procedures, resulting in quicker decisions.
Technology Outlook:
Based on technology, the global cell sorting market has been segmented into magnetic-activated cell sorting, fluorescence-based droplet cell sorting, and MEMS – microfluidics. The fluorescence-based droplet cell sorting segment accounted for the largest share in terms of revenue in the global cell sorting market in 2019. Fluorescence-based droplet cell sorting is a highly accurate and precise sorting method, but equipment cost is relatively high and requires skilled professionals for operation.
Application Outlook:
Based on application, the global cell sorting market has been segmented into clinical and research. In stem cell research, cell sorting is commonly used to isolate cells. It is a highly precise, powerful, and sensitive method with high resolution. Growing stem cell research activities are boosting revenue growth of the stem cell research sub-segment.
Regional Outlook:
Based on region, the global cell sorting market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounted for the largest revenue share in the global cell sorting market in 2019. High investments in biotechnology and pharmaceutical industries and growth in adoption of advanced cancer research techniques in countries in the region are factors driving growth of the cell sorting market in the region.
Market-O-Nomics
- Revenue from the reagents & consumables segment is growing due to increasing advancements and developments related to cell sorting technologies, and increase in demand for cell-labeling reagents. Increase in cell-based research activities in academic institutes is also supporting revenue growth of the reagents & consumables segment.
- The Europe market accounted for 29.4% revenue share in the global cell sorting market in 2019 and is expected to register at a growth rate of 8.2% over the forecast period.
- Revenue from the Asia Pacific market is expected to continue to register the highest CAGE as compared to that of markets in other regions and can be attributed to growing prevalence of cancer among individuals in the region. Significant growth of pharmaceutical and biotechnology industries in the region is also propelling demand for cell sorting in Asia Pacific.
Companies considered and profiled in this market study
Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Miltenyi Biotec GmbH, Sysmex Partec GmbH, Beckman Coulter, Inc., On-Chip Biotechnologies Co., Ltd., Sony Biotechnology Inc., Affymetrix, Inc., Thermo Fisher Scientific, Inc., and Union Biometrica, Inc. have been profiled in the report. These companies are significantly well-established manufacturers of cell sorting systems.
Players operating in the market are focused on adopting and deploying various strategies during the 2018–2020 period. Some key highlights are:
- In January 2020, Miltenyi Biotec launched the world’s first GMP-compliant operator-free cell sorting system. The MACS GMP Tyto Cartridge is used in the induced Pluripotent Stem (iPS) trial of Parkinson’s Disease currently ongoing at the Center for iPS Cell Research and Application (CiRA), Kyoto.
Start-up Traction
The industry offers numerous growth opportunities, and a number of startups providing innovative products and technologies have been entering the market. As the market is witnessing rapid proliferation of new and more advanced technologies, several new startup companies are focusing on entering the market to leverage high potential opportunities these developments offer.
Deals Landscape
Mergers and acquisitions, and strategic partnerships are an integral part of the cell sorting industry.
- In September 2020, Lyell Immunopharma and Orca Bio announced a research partnership to develop next-generation T-cell therapies. Orca Bio would be combining its precision purification T-cell technologies with Lyell’s scientific expertise to develop therapeutic solutions for solid tumors.
Expert Insights:
Reports and Data predicts encouraging advances to accelerate the use of cell sorting. According to industry analysts, new entrants in the market need to focus on innovating and integrating through development and deployment of new technologies while reducing complexity and lowering total operational costs. Experts also believe that increasing implementation of emerging technologies in developed economies would open up a critical growth field for the industry. Company strategy review indicates that most businesses concentrate on product launches as well as negotiations to increase revenue share and scale. Both approaches contribute to advancements of technologies and product diversification in untapped regions. Businesses implement these approaches to diversify their business within industries.
Segments Covered in the Report
This report provides forecasts for revenue growth at global, regional, and country levels, and offers an analysis of the market trends for each segment from 2019 to 2030. The scope of the report can be defined as:
For the purpose of this report, Reports and Data has segmented the global cell sorting market on the basis of product and services, technology, application, end-use, and region:
Cell Sorting Market Report Scope
Segments covered By Product and Services Outlook, Technology Outlook, Application Outlook, End-use Outlook,Regional Outlook
By Product and Services Outlook
Cell Sorters
Reagents & Consumables
Services
By Technology Outlook
Magnetic-activated Cell Sorting
Fluorescence-based Droplet Cell Sorting
Jet-in-air Cell Sorting
Cuvette-based Cell Sorting
MEMS – Microfluidics
By Application Outlook
Clinical
Research
Stem Cell Research
Immunology & Cancer Research
Drug Discovery
Others
By End-use Outlook
Medical Schools & Academic Institutions
Research Institutions
Hospitals & Clinical Testing Laboratories
Pharmaceutical and Biotechnology Companies
Regional scope
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Buy quantitative research Report at discounted price – USD 1500 https://qyresearchmedical.com/report/checkout/118932/1500
You can place an order or ask any questions, please feel free to contact [email protected] | +1 9197 992 333
Blog: https://www.novaoneadvisor.com/
Blog: https://www.visionresearchreports.com/
About Us
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover North America, Europe, Latin America, Middle East and Africa, Asia- Pacific.
For Latest Update Follow Us:
URL – http://www.qyresearchmedical.com/
https://www.linkedin.com/company/qyresearch-medical/
https://www.facebook.com/QYResearch-Medical-108186514228917/