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Cell Counting Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033
Cell Counting Market Trends
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According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Olympus Corporation, HORIBA Ltd., Logos Biosystems Inc., Becton Dickinson and Company, GE Healthcare, Agilent Technologies Inc., BioTek Instruments Inc., DeNovix Inc., Sysmex Corporation, Nexcelom Bioscience LLC, Beckman Coulter Inc., Roche Diagnostics International Ltd., Miltenyi Biotec GmbH, AccuBioTech Co. Ltd., ChemoMetec A/S, Countstar Microscopy Systems, Luminex Corporation, NanoEnTek Inc., Partec GmbH, Advanced Instruments Inc., Analytik Jena AG, Integra Biosciences AG, Meridian Bioscience Inc., Promega Corporation, Sartorius AG
Cell Counting Market 2024 Key Insights:
• 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%.
• Elevated Cancer Prevalence Sparks Growth In The Cell Counting Market
• Innovative Technological Advancements Enhance The Cell Counting Market A Spotlight On Bio-Rad Laboratories Inc.'s Tc20 Automated Cell Counter
• North America was the largest region in the cell counting market in 2023
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