The high-end cellomics market revenue totaled USD 325.1 million in 2023, according to Future Market Insights (FMI) study. The overall sales of high-end cellomics are expected to reach USD 639.2 million by 2033, capturing a CAGR of 7% from 2023 to 2033.
Recent developments in drug discovery and high-end cellomics have augmented pressure at the strategic points along the drug discovery pipeline, auguring well for the market’s future trends. The rising need to determine and study toxicity levels in the initial phase of drug discovery is driving market growth.
How does the Development of Advanced Imaging Systems Augment High-end Cellomics Market Growth?
Attributes | Details |
---|---|
High-end Cellomics Market Value 2023 | USD 325.1 million |
Estimated High-end Cellomics Market Value 2033 | USD 639.2 million |
CAGR 2023 to 2033 | 7% |
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According to Future Market Insights (FMI), the sales of high-end cellomics have expanded at a CAGR of 4.9% from 2018 to 2022.
The demand for effective screening methods and techniques has surged in the last decade due to the rising prevalence of several genetic disorders and neurological diseases. This had a positive impact on the high-end cellomics market. Furthermore, initiatives undertaken by governments to promote advanced biotechnology research increase the installation of high-end cellomics instruments for drug discovery applications.
Cities of India such as Bangalore, Pune, Hyderabad, and Tamil Nadu have well-established biotechnology research infrastructures recognized globally, which is predicted to soar the demand for high-end research instruments.
Apart from India, China, and the United States of America, the governments of Japan, Brazil, the United Kingdom, and Australia are supporting their domestic biotechnology and bioscience industry through similar initiatives, shaping the high-end cellomics market demand analysis.
In 2022, the United States of America’s high-end cellomics market accounted for over 28.5% value share in North America.
Demand in the United States of America is primarily driven by a strong regional economy, the presence of refined research and healthcare facilities, and improved attention to overall health and well-being.
The country's supportive regulatory environment and access to funding further contribute to its position as a leading market for high-end cellomics.
Germany accounted for a 6.5% value share in 2022. Germany’s high-end cellomics market is projected to fare positively in the coming years.
Growing capital and venture investments for cellular research, technological developments in high-end cellomics solutions, cost restraint in pharma research and development, and the presence of key players have resulted in the high growth of Germany’s market.
What are the Factors Supporting High-end Cellomics Sales in Australia?
Australia’s market is anticipated to exhibit a 5.5% CAGR during the forecast period. The rising prevalence of neurodegenerative diseases such as Alzheimer’s and Parkinson’s is one of the key factors driving the market growth. Similarly, the growing geriatric population is supplementing market growth in Australia.
The market in India is expected to advance at 9.2% CAGR from 2023 to 2033. Research activities in the biotechnology and bioscience field are increasing notably due to government support and the availability of funds, thus increasing the demand for high-end cellomics in India.
The Government of India is offering 100% foreign direct investment for biotechnology companies that are based outside India, and the GOI is offering public-private partnerships for companies based in India.
The Department of Biotechnology has supported the biotechnology research infrastructure including high-end high content screening systems, flow cytometry, imaging microarray, and high-resolution mass spectrometry facilities in Delhi and Mumbai respectively.
The market in China is projected to exhibit a 7.7% CAGR during the forecast period and is expected to contribute significantly to the market in East Asia region. Government initiatives to spur the biotechnology industry in the region are creating growth opportunities in China.
China has included the biotechnology industry as one of the strategic priorities for development in terms of technology. Moreover, there were about 95 biotech-related deals till June 2020, drawing about USD 12 billion deals.
In 2020, Everest Medicines Ltd and Maxwell Biosciences Co. Ltd. raised USD 310 million in June and USD 279 million respectively. These companies have strong oncology and immunology products in their pipelines, which require advanced instrumentation such as high-end HCS systems in the drug discovery phase for screening and compound profiling.
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High-end cellomics demand in drug discovery consistently rises, registering a high share of 55.42% in 2022. Increasing support for research and development activities, particularly for rare diseases, and the growing use of informatics in drug discovery led to demand for Drug Discovery.
Pharmaceutical & biotechnology companies are currently leading the market. This sub-segment accounted for 52.03% value share in 2022.
Pharmaceutical & biotechnology companies are using this informatics software widely for pre-clinical research & development, compound screening and lead documentation, target identification, and rationalization of their drug discovery process. It becomes the key factor for propelling the growth of the Pharmaceutical & Biotechnology Companies segment.
The competitive landscape within the high-end cellomics market is structured with multiple key players vying for market share and differentiation. The market consists of several prominent companies that offer high-end cellomics solutions and compete for customers. These players may vary in terms of size, market presence, and product offerings.
Market players are actively focusing on developing high-end cellomics instruments to capitalize on the growing market opportunity. These systems have increased software data analysis and data management capabilities. Quick image acquisition and multiplexing flexibility with high-performing lasers and an improved incubation environment are some of the benefits offered by these systems.
Key Players Working in the Market:
Key Developments in the Market:
The market is valued at USD 325.1 million in 2023.
The growth potential of the market is 7% through 2033.
The United States market relishes 28.5% market share presently.
India is anticipated to expand at a CAGR of 9.2% through 2033.
Key players are focusing on creating high-end cellomics instruments to capitalize on the expanding market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Academic Research/Basic Research 5.2. Drug Discovery 5.2.1. Primary & Secondary Screening 5.2.2. Target Identification & Validation 5.2.3. Invitro Toxicity Studies 5.2.4. Compound Profiling 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User 6.1. Pharmaceutical & Biotechnology Companies 6.2. Academic & Research Institutes 6.3. Independent Contract Research Organizations (CROs) 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. South Asia 7.5. East Asia 7.6. Oceania 7.7. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Thermo Fisher Scientific Inc. 17.2. GE Healthcare 17.3. BD Biosciences 17.4. Olympus Corporation 17.5. PerkinElmer Inc. 17.6. Merck KGaA 17.7. Carl Zeiss AG 17.8. Danaher Corporation 17.9. Bio-Rad Laboratories, Inc. 17.10. Agilent Technologies, Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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