Market Snapshot

The Cell Counting Market is anticipated to reach USD 16.91 billion by 2032, growing at a 7.8% CAGR over the forecast period 2023-2032.  

The global cell counting market 2020 is majorly underpinned by the surged funding for cell-based research and the increased incidence of chronic diseases. Further, the rising R&D expenditure, the number of product launches, is further likely to fuel the market efficiently. In addition, benefits like lower error rate, higher throughput, increased productivity, in-depth and faster reporting of the cell count, and reduced testing time are other significant factors fueling the cell counting market additionally.

Conversely, the expensive cost of devices is likely to hamper the market growth. However, the flourishing biotechnology and biopharmaceutical industries, along with the above stated factors, are likely to counter the restraining elements.

Market Segmentation

The segment analysis of the global cell counting market is done by type, application, and end-user.

The type-based segments of the global cell counting market are consumables and instruments. The consumable segmented is projected to acquire the largest market share owing to the recurring purchase of the consumables.

The application-based segments of the global cell counting market are research application, clinical & diagnostic application, and others. The research application segment is predicted to procure the largest market share in the market on account of the surging funding for stem cell research.

The end-user based segments of the global cell counting market research are pharmaceutical and biotechnology companies, hospitals, research institutes, and others. The pharmaceutical and biotechnology companies’ segment is likely to procure the largest share of the market since these are used cell counting products in research and development of new therapies and drugs.

Regional Analysis

Based on geography, the global market is segmented into the Americas, Asia-Pacific, Europe, and the Middle East & Africa.

As per the research, the global market is projected to be dominated by the Americas on account of the rising number of cancer patients. Further, the presence of the robust pharmaceutical and biotechnology sector, availability of technically developed products are some of the other vital factors underpinning the regional market growth. Besides, the favorable grants and funds provided by the government is another important factor in the market growth in the region during the review period.

Europe is estimated to be the second most lucrative market during the forecast period owing to the increased research and development being conducted in the region. The growing patient pool, along with the increased geriatric population, is estimated to drive the regional market further.  Also, the presence of established players, manufacturers, and surging healthcare expenditure is projected to steer the regional market efficiently.

The APAC region is anticipated to expand at the fastest CAGR during the evaluation period. The region is paying extra attention to develop the healthcare infrastructure; therefore, there is a fast adoption of the latest technologies, which eventually leads to the market expansion in the region. Further, the increasing prevalence of chronic illness, growing geriatric population are other vital factors backing the regional market growth in the coming period.

The MEA region is expected to procure the least market share in the coming period due to the low per capita income and sluggish healthcare development in the region.

Key Players

The renowned players of the global cell counting market are Abbott Laboratories (US),  Merck KGaA (Germany), Thermo Fisher Scientific (US), Danaher Corporation (US), Logos Biosystems, Inc. (South Korea), ), Bio-Rad Laboratories, Inc. (US), Olympus Corporation (Japan), PerkinElmer, Inc. (the US), Agilent Technologies, Inc. (the US), and Sysmex Corporation (Japan).

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