Global Live Cell Imaging Market is Expected to Reach at a CAGR of 8.97% from 2018 to 2025
A new research report published by Fior Markets with the title Live Cell Imaging Market by Product (Instruments, Consumables, Software, Services), Application, End User, Regions, and Global Forecast 2018-2025.
As per the report, the global live cell imaging market is expected to grow from USD 1,734.63 Million in 2017 to USD 3,529.26 Million by 2025, at a CAGR of 8.97% during the forecast period from 2018-2025. North America region emerged as the leader in global live cell imaging market with a 36.47% share of revenue in 2017, followed by Europe.
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Major players in the global live cell imaging market are Danaher Corporation, Carl Zeiss AG, Nikon Corporation, Olympus Corporation, PerkinElmer, Inc., GE Healthcare, Bruker Corporation, Thermo Fisher Scientific Inc., Sartorius AG, BioTek Instruments, Etaluma, Inc., CytoSMART Technologies, NanoEnTek Inc., Leica Microsystems, Dickinson and Company, Becton, Sigma-Aldrich Corporation, Molecular Devices, LLC among others. There is increasing demand for the live cell imaging devices that deliver high quality, high speed imaging. Thus major players are emphasizing on launching newer and improved products with better interface. For instance Nikon Corporation in 2017, announced the launch of N-SIM S Super Resolution Microscope. This new device provides the next level of super-resolution imaging by providing high-speed image acquisition, enabling imaging of live cells and dynamic events.
Product segment is divided into instrument, consumables, software and services. Development of newer advanced imaging instruments, increasing prevalence of the life threatening diseases, and growth in government support for the cell-based research were the factors that led instrument segment to dominate the global live cell imaging market with a 46.82% share of revenue in 2017. Application is segmented in to cell biology, stem cells, developmental biology and drug discovery. Cell biology segment emerged as the leader with a 34.51% share of revenue in 2017. This increased market share can be credited to rising focus on understanding the fundamental cellular structures and their interaction on tissue level. Growing research activities and investment on the stem cell research are the factors that are anticipated to propel stem cell segment to grow at the highest CAGR of 11.07% over the forecast period. End user segment is categorized into pharmaceutical and biotech companies, academic and research institutes and others. Rising application of the live cell imaging techniques for development of newer drugs and stem cell and bimolecular research were the factors responsible for pharmaceuticals and biotechnology companies segment to lead the global live cell imaging market with a 42.84% share of revenue in 2017.
While factors such as increasing prevalence of Cancer and growing adoption of high content screening techniques are leading driving the global live cell imaging market, whereas high cost of the instruments and lack of skilled manpower are expected to prove to be the major restraining factors for the market growth.
About the report:
The global live cell imaging market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire