Portland, OR, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report titled, “Cell Sorter Market by Product (Instruments, Consumables, and Reagents), by Application (Research Applications and Clinical Applications), and by End User (Hospitals and Clinical Testing Laboratories, Pharmaceutical and Biotechnology Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global cell sorter industry generated $0.5 billion in 2022 and is anticipated to generate $1.29 billion by 2032, witnessing a CAGR of 8.6% from 2023 to 2032.
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Drivers, Restraints, and Opportunities
An increase in the prevalence of HIV and cancer, a rise in technological advancements in cell sorters, and a surge in government support for research and development activities drive the growth of the global cell sorter market. However, the high cost associated with the cell sorter restricts market growth. Moreover, growth opportunities in emerging markets, such as the availability of improved healthcare infrastructure and the establishment of hospitals and research institutes, present new opportunities in the coming years.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2022 |
| Market Size in 2022 | $0.5 Billion |
| Market Size in 2032 | $1.29 Billion |
| CAGR | 8.6% |
| No. of Pages in Report | 273 |
| Segments covered | Product, Application, End User, and Region |
| Drivers | An increase in the prevalence of HIV and cancer A rise in technological advancements in cell sorters A surge in government support for research and development activities |
| Opportunities | Growth opportunities in emerging markets |
| Restraints | High cost of cell sorters |
COVID-19 Scenario:
- The COVID-19 pandemic had a negative impact on the global cell sorter market owing to a decrease in demand for cell sorter devices due to the low hospitalization rate, lower diagnosis rate, and many surgeries either cancelled or postponed due to the pandemic.
- In addition, delays in diagnosis or treatment for chronic diseases and delays in research and development activities hamper market growth during pandemic.
- However, the market has recovered quickly and shows stable growth for the cell sorter market owing to an increase in patient visits for the diagnosis of diseases, a rise in technological advancements in cell sorters, and a rise in research and development activities in cell research.
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The instruments segment to maintain its leadership status throughout the forecast period
Based on product, the instruments segment held the largest market share in 2022, accounting for more than half of the global cell sorter market revenue, and is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to manifest the highest CAGR of 8.8% from 2023 to 2032, owing to the high adoption of cell sorter instruments such as fluorescence-based droplet cell sorting instruments, which provide a highly accurate and precise sorting method.
The research application segment to maintain its lead position throughout the forecast period
Based on application, the research application segment held the largest market share in 2022, accounting for more than half the global cell sorter market revenue, and is estimated to maintain its lead position throughout the forecast period. The same segment would also display the highest CAGR of 8.8% from 2023 to 2032, owing to the surge in focus on research activities in immunology, cancer biology, and stem cell research fields, which necessitate the use of cell sorting instruments to analyze the mechanisms of cells, which contributes towards the cell sorters market growth.
The pharmaceutical and biotechnology companies segment to rule the roost by 2032
Based on end user, the pharmaceutical and biotechnology companies segment accounted for the largest share in 2022, contributing to more than two-fifths of the global cell sorter market revenue, and is projected to rule the roost by 2032. The growth is attributed to a rise in demand for cell sorters in pharmaceutical companies, as they offer high-speed, high-throughput, and sophisticated cell sorting platforms. However, the hospitals and clinical testing laboratories segment is expected to witness the fastest CAGR of 9.3% from 2023 to 2032. The surge in demand for advanced cell analysis techniques and the growing burden of chronic diseases such as cancer led to a rise in demand for cell sorters in hospitals and clinical testing laboratories.
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North America to maintain its dominance by 2032
Based on region, North America held the largest market share in 2022, accounting for nearly two-fifths of the global cell sorter market revenue, and is likely to dominate the market during the forecast period. Easy availability of products for diagnosis, well-developed healthcare infrastructure, and a rise in the prevalence of chronic diseases such as cancer promoted the growth of the cell sorter market in North America. However, the Asia-Pacific region is expected to witness the fastest CAGR of 9.9% from 2023 to 2032. The high prevalence of the geriatric population with an increase in the need for diagnostic procedures, the surge in the prevalence of chronic diseases, the rise in research and development activities in fields such as biotechnology, pharmaceuticals, and life sciences, and the surge in healthcare expenditure in the Asia-Pacific region are expected to drive the growth of the cell sorter market.
Leading Market Players
- A Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Cytonome/St, LLC
- Danaher Corporation
- Harvard Bioscience, Inc.
- Miltenyi Biotec GmbH
- On-Chip Biotechnologies Co., Ltd.
- Sony Corporation
- Sysmex Corporation
- Thermo Fisher Scientific Inc.
The report provides a detailed analysis of these key players in the global cell sorter market. These players have adopted different strategies, such as product launches, partnerships, and acquisitions, to increase their market share and maintain dominant positions in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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