The global market for live cell imaging is estimated to have a CAGR of around 8.7% during the forecast period. The market is mainly driven due to growing prevalence of cancer, increasing application of high content screening and cell culture in drug discovery. Cancer is one of the fatal diseases increasing rapidly across the globe. Cancer involves the development of abnormal cells which spread on mammoth scale and have potential to destroy other normal cells. Therefore, early diagnosis and on time replacement of affected cells plays a significant role in the treatment of cancer. Live cell imaging technology is being used widely in the form of models to investigate disease mechanism and to develop therapies. The models based on live cell imaging technology generates biological information in order to facilitate medical solutions promising preclinical drugs. Across the globe, there is a rise in the cancer patient’s each year. According to the WHO, cancer was considered to be the second leading cause of mortalities in the year 2018. It is also estimated that 1 out of 6 deaths was due to cancer, therefore growing cancer across the globe further propels the market growth.
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The global live cell imaging market is segmented based on product, application and end-user. Based on the product, the market is further classified into instruments, consumables, and software & services. The instruments segment is projected to have considerable share owing to the high application of microscopes in various live cell imaging and technological advancements in the live cell imaging instruments. Based on the application, the global live cell imaging market is further segmented into stem cells, drug discovery, cell biology, and others. The stem cells application segment is projected to hold considerable growth during the forecast period owing to growing investment in the stem cell research activities. On the basis of end-user the market is further segregated into pharmaceutical & biotechnology companies, research institutes, and contract research organizations (CRO).
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Global Live Cell Imaging Market Segmentation
By Product
· Instruments
· Consumables
· Software & Services
By Application
· Stem Cells
· Drug Discovery
· Cell Biology
· Others (Developmental Biology)
By End-User
· Pharmaceutical & Biotechnology Companies
· Research Institutes
· Contract Research Organizations
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
