Cell Analysis Market: Driving Drug Discovery and Advancements in Healthcare with a 10-11% CAGR by 2028
The Cell Analysis Market is expected to witness a growth rate of 10-11% by 2028. The key factors driving the market are the increasing demand for cell-based assays in drug discovery, rising funding for cell-based research, surge in drug discovery activities, increasing prevalence of chronic diseases, and technological advancements in cell analysis.
Cell analysis involves assessing and quantifying factors such as cell count, cellular condition, viability, proliferation, and chemical and cell-induced toxicity. Cell-based assays provide comprehensive information for basic research, drug discovery and development, and clinical applications.
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Advancements in Technology Integration Propel Growth in the Cell Analysis Market
The growth of the cell analysis market is significantly driven by the integration of advanced technologies. This involves merging new technologies with existing ones, resulting in more robust and precise tools for researchers and healthcare professionals. Consequently, there is a discernible upward trend in the adoption of technology integration in cell analysis.
- In May 2023, Deepcell, a leading company in AI-powered single-cell analysis, unveiled the REM-1 platform. This comprehensive platform encompasses benchtop instruments, the Axon data suite, and the Human Foundation Model. Offering high-dimensional cell morphology analysis and sorting, the REM-1 platform combines single-cell sorting, imaging, and analysis, opening new avenues for discovery in fields such as developmental biology, stem cell biology, cancer biology, gene therapy, and functional screening. Deepcell anticipates that its AI-powered approach to cellular analysis will significantly advance biological research, marking the onset of a new era in discovery
- In a parallel development in January 2023, Axion BioSystems expanded its Omni live-cell imaging product family by introducing the Omni Pro 12 platform. Equipped with integrated robotics and a multi-plate design compatible with standard incubators, this platform enhances flexibility and efficiency for live-cell imaging experiments for scientists and drug developers. The Omni Pro 12 is a valuable tool for advancing research in critical areas such as oncology, immunology, and stem cell biology, with the potential to facilitate the development of innovative drugs and therapeutics
Elevated Significance of Cell-Based Screening in Modern Drug Discovery
The uptake of cell-based screening assays has risen in drug discovery endeavours to comprehend the intricacies involved. The advancements in cell biology, bioinformatics, molecular biology, genomics, and proteomics have resulted in substantial data accumulation. Consequently, the significance of utilizing cell-based assays in the drug development pipeline has grown. Similarly, the Human Genome Project has produced numerous targets suitable for drug screening experiments. The swift proliferation of drug targets and leads in recent times has expedited the deployment of cell-based assays for primary and secondary screening in the drug discovery process.
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Cell Analysis Market: Competitive Landscape
Some of the key players operating in the market include Danaher, Thermo Fisher Scientific, Becton Dickinson and Company, Merck KGaA, General Electric, Agilent Technologies, Bio-Rad Laboratories, Olympus Corporation, Fluidigm Corporation, Miltenyi Biotec, Cell Biolabs, Creative Bioarray, BioStatus Limited, NanoCellect Biomedical, Promega Corporation, CELLINK, among others.
Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Market
Players operating in this market are adopting organic and inorganic growth strategies such as launching new products, acquiring related firms, and entering into mergers & collaborations to garner higher market share. For instance,
- In the year 2023, the United States-based company Becton, Dickinson and Company introduced a Spectral Cell Sorter, integrating high-speed cell imaging. This product seamlessly merges real-time imaging technology with spectral flow cytometry
- In Dec 2023, CS Genetics announced that they are working on commercializing a simple, flexible, and easily scalable instrument-free, single-cell analysis technology
The Cell Analysis Market is expected to gain further momentum in the coming years due to the application of novel cell-based assays in cancer research, promising prospects of single-cell sequencing, growing prospects in emerging economies, flourishing biopharma industry, and aggressive organic and inorganic growth strategies followed by the players.
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- Website: Cell Analysis Market