Press release
Live Cell Imaging Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Leica Microsystems GmbH, Olympus Corporation, Sigma-Aldrich Corporation, PerkinElmer Inc., GE Healthcare Technologies Inc
Live Cell Imaging Market Size
The Business Research Company offers in-depth market insights through Live Cell Imaging Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The live cell imaging market size has grown rapidly in recent years. It will grow from $4.43 billion in 2023 to $5.11 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to drug discovery and development, cancer research, biotechnology and biopharmaceuticals, clinical applications, cellular and molecular biology.
The live cell imaging market size is expected to see rapid growth in the next few years. It will grow to $8.77 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to infectious disease research, adoption of personalized medicine, environmental and ecological research, infectious disease research, immunotherapy development. Major trends in the forecast period include 3d and 4d imaging, super-resolution microscopy, high-content screening, live-cell tracking software, microfluidic devices.
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Market Segmentation:
The main types of live cell imaging products include equipment, consumables, and software. The technologies used in live cell imaging are time-lapse microscopy, fluorescence recovery after photobleaching (FRAP), fluorescence resonance energy transfer (FRET), high content screening (HCS), etc. Live cell imaging finds its applications in cell biology, developmental biology, stem cell and drug discovery, others. It is used in various sectors, including pharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations (CROs).
Major Driver - Cancer Incidence As A Catalyst For Growth In The Live Cell Imaging Market
The rising incidence of cancer is expected to drive the growth of the live cell imaging market in the forecast period. Cancer is the second major cause of death worldwide, accounting for one out of every six deaths each year. For example, cancer cases are projected to increase to 29.5 million and cancer-related deaths to 16.4 million worldwide by 2040. In the United States, there were 16.9 million cancer patients in 2019, with the number expected to rise to 22.2 million by 2030. Live cell imaging technology plays a crucial role in the advancement and validation of cancer immunotherapy through visualization, characterization, and evaluation of the biological process of living cells. Therefore, the rising incidence of cancer fuels the growth of the live cell imaging market.
Competitive Landscape:
Major companies operating in the live cell imaging market include Leica Microsystems GmbH, Olympus Corporation, Sigma-Aldrich Corporation, PerkinElmer Inc., GE Healthcare Technologies Inc., Carl Zeiss Meditec AG, Becton Dickinson and Company, Molecular Devices LLC, Bruker Corporation, Sartorius AG, Oxford Instruments plc, BioTek Instruments Inc., Etaluma Inc., CytoSMART Technologies B.V., Blue-Ray Biotech Corp., CYTENA GmbH, Nanolive SA, Abberior GmbH, Phase Holographic Imaging AB, Cytoskeleton Inc., Corning Incorporated, KEYENCE Corporation, Aligned Genetics Inc., Axion BioSystems Inc., Drew Industries Inc., Bio-Rad Laboratories Inc., NanoEnTek Inc., Danaher Corporation, Agilent Technologies Inc., Leinco Technologies, Phasefocus Ltd.
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Top Trend - Challenges In The Live Cell Imaging Market With Shortage Of Skilled Professionals
Lack of skilled professionals is predicted to restraint the growth of the live cell imaging market. Live cell imaging technology requires highly skilled professionals to understand and study the functions of cells. According to Healthcare-in-Europe.com, an online platform that provides trends in medical technology, innovative procedures and advances in medical research, the UK and Europe are facing a serious shortage of lab skills over the next decade with medical laboratories among the worst affected. Moreover, according to the research carried out by the Gatsby Foundation, the UK will need a further 700,000 technicians to support the economy by the end of 2030. Thus, the shortage of skilled professionals is likely to hinder market growth in the coming years.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Live Cell Imaging Market Characteristics
3. Live Cell Imaging Market Trends And Strategies
4. Live Cell Imaging Market - Macro Economic Scenario
5. Live Cell Imaging Market Size And Growth
…..
27. Live Cell Imaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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