USD 108.9 billion
Report ID:
SQMIG35J2035 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
145
|Figures:
81
Global Automated Cell Imaging System Market was valued at USD 108.9 billion in 2022 and is projected to rise from USD 118.37 billion in 2023 to USD 230.72 billion by 2031 at a CAGR of 8.70% during the forecast period (2024-2031).
The market is growing at a healthier rate and is expected to grow faster. It is due to an increase in the number of chronic patients across the world. The increase in investment for research and development of new drugs and vaccines is also driving the market growth. However high cost of maintenance and less availability of spare parts is hampering the growth of the automated cell imaging system market.
North-America holds the maximum share across the globe. It is due to early usage of advanced technology in the healthcare sector. The USA is the major country in the region. The Asia-Pacific region is growing at a faster rate due to high investment in the healthcare sector.
US Automated Cell Imaging System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 108.9 billion
Largest Segment
Hospitals
Fastest Growth
Research & Diagnostic Laboratories
Growth Rate
8.70% CAGR
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Automated Cell Imaging System Market is categorized on the basis of product, end-user, technology, and region. With respect to segmentation by product, the Automated Cell Imaging System Market is grouped into time lapse, colocalization, and others. In terms of classification by end user, the Automated Cell Imaging System Market is segmented into hospitals, and research and diagnostic laboratories. On the basis of application, the Automated Cell Imaging System Market is segmented into live cell vivo imaging, and screening. Based on technology, the Automated Cell Imaging System Market is classified into fluorescence, luminescence, phase contrast, and others. Geographically, the Automated Cell Imaging System Market is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.
Automated Cell Imaging System Market Analysis by Product
By product, time-lapse technology held the maximum share in 2022. It is because the technique allows image sequences to be viewed during acquisition. The time intervals between image capture can simply be preset on the camera being used or integrated camera microscope software which gives high resolution images. It is mostly used to look at the stages of embryo in IVF. It is also used widely in cell biology to observe artificially cultured cells.
Automated Cell Imaging System Market Analysis by End user
By end user, the hospital segment held the largest share in 2022. The increasing use in IVF diagnostic tests and rising number of hospitals due to rapid developments in the healthcare sector is driving the growth. The rise in chronic diseases due to environmental pollution is creating a demand for hospitals.
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North America holds the largest market share across the world. It is due to technological advancement in the healthcare industry. The USA has one of the highest and advanced diagnostic laboratories across the globe. The main driver in the region is an extensive patient base. Due to high consumption of alcohol and obesity the number of cancer patients are increasing. According to a report, the USA has projected 6,09,360 cancer deaths in 2022.
The Asia-Pacific region is growing at a faster rate due to rapid development in the healthcare sector of the region. There is an increasing investment in research and development of new technologies. The growing economies like India and China have the largest market share in the region. The growing demand for regenerative medicine research and increasing government initiative for stem cell therapy is driving the growth of the market.
Europe is growing at a steady rate due to early adoption of technology. Due the presence of well-developed research centers and facilities in the region the market is expected to witness a growth.
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Automated Cell Imaging System Market Driver
Increase in Rate of Cancer
Automated Cell Imaging System Market Restraint
High maintenance Cost
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The market is controlled by a few manufacturers. The product requires a huge amount of capital to be invested for setting up and also on research & development. Due to low competition the prices have been high. Major manufacturers include- General Electric Company, Olympus Corporation, PerkinElmer Inc., Sartorius AG, and Thermo Fisher Scientific. These major manufacturers having advanced proprietary products are getting an edge over the other market players.
Automated Cell Imaging System Market Top Company Profiles
Automated Cell Imaging System Market Recent Developments
Increased in Research and Development of New Drugs
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the advantages of automated cell imaging systems such as the ability to predict certain cancers, reduced time and cost needed for testing and reduction of uncertainty in disease characterization drives the market growth. North America held the dominant share in this market in 2022 but Asia Pacific is projected to emerge as the fastest growing market in the forecast period. Major manufacturers are partnering with different companies to introduce new technology which is easier and efficient than the older ones. However due to the presence of less number of companies the prices of the product are very high as there is a supply side deficit.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 108.9 billion |
Market size value in 2031 | USD 230.72 billion |
Growth Rate | 8.70% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Automated Cell Imaging System Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automated Cell Imaging System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automated Cell Imaging System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automated Cell Imaging System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automated Cell Imaging System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35J2035
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