Cell Sorting Market by Technology, Product, Application, End User - Forecasts to 2021
LONDON, Aug. 30, 2017 /PRNewswire/ -- The global cell sorting market is estimated to grow at a CAGR of 7.0% from 2016 to 2021 to reach USD 247.4 million by 2021. Factors such as technological advancements in cell sorters, rising funding and investments for development of innovative cell sorting techniques, growing adoption of cell sorting in research activities, and growing prevalence of HIV/AIDS and cancer are driving the growth of this market. On the other hand, high cost of instruments and lack of awareness & technical knowledge regarding the use of cell sorters are the key factors limiting the growth of the market.
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On the basis of technology, the cell sorting market is segmented into fluorescence-based droplet cell sorting, magnetic-activated cell sorting (MACS), and micro-electromechanical systems (MEMS)–microfluidics. In 2016, the fluorescence-based droplet cell sorting segment is expected to account for the largest share of the market. Factors such as high speed of this technology, increasing applications in various areas, high adoption of this technology by researchers and pharma-biotech companies, and high purity of desired cell populations offered by it are expected to drive the growth of this technology.
On the basis of product and service, the cell sorting market is segmented into cell sorters, reagents & consumables, and services. In 2016, the cell sorters segment is expected to account for the largest share of the cell sorting market owing to the increasing development of technologically advanced cell sorters, growing research activities across the globe, and growing applications of cell sorting in both research and clinical practices.
On the basis of application, the cell sorting market is segmented into research applications and clinical applications. The research applications segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of cell sorters in various research applications, such as immunology research, stem cell research, and drug discovery.
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to command the largest share of the global cell sorting market in 2016, followed by Europe. The cell sorting market in North America is primarily driven by the technological advancements, government support through funds & grants, expanding biotechnology & pharmaceutical industries, growing number of research studies on cancer & HIV/AIDS, and strong presence of key players in the North American market.
The global cell sorting market is highly competitive, with a large number of global and local players. In 2015, the global cell sorting market was dominated by Becton, Dickson and Company (U.S.), Beckman Coulter, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Sony Biotechnology, Inc. (U.S.), and Miltenyi Biotec GmbH (Germany). Product launches & showcases and acquisitions were the major strategies adopted by market players to achieve growth in the cell sorting market.
Research Coverage
This report studies the cell sorting market based on technology, product and service, application, and end user. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends, future prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.
Reasons to Buy the Report:
From an insights perspective, this research report has focused on various levels of analysis—industry trends, market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the cell sorting market, and high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product portfolios and services offered by the major players in the cell sorting market. The report analyzes the cell sorting market based on technology, product and service, application, end user, and region
• Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the cell sorting market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various cell sorting instruments across geographies
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the cell sorting market
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