Press release
Cancer Incidence As A Catalyst For Growth In The Live Cell Imaging Market: An Emerging Driver Transforming The Live Cell Imaging Market Landscape
Live Cell Imaging
What Is the Projected Growth of the Live Cell Imaging Market?
In recent years, there has been a significant increase in the live cell imaging market size. Projected growth predicts it will rise from a valuation of $4.99 billion in 2024 to an estimate of $5.72 billion in 2025, showing a compound annual growth rate (CAGR) of 14.7%. This growth witnessed during the historic period is driven by factors such as drug discovery and development, cancer research, developments in biotechnology and biopharmaceuticals, clinical applications, and advancements in cellular and molecular biology.
The market size of live cell imaging is predicted to witness a rapid surge in the coming years, growing to a staggering $9.94 billion by 2029 with a compound annual growth rate (CAGR) of 14.8%. The advancement during the forecast period can be linked with infectious disease research, adoption of personalized medicine, as well as environmental and ecological research. Significant trends during the forecast period will include 3D and 4D imaging, super-resolution microscopy, high-content screening, live-cell tracking software, and microfluidic devices.
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What Are the Different Live Cell Imaging Market Segments?
The live cell imaging market covered in this report is segmented -
1) By Product: Equipment, Consumable, Software
2) By Technology: Time-Lapse Microscopy, Fluorescence Recovery After Photobleaching (FRAP), Fluorescence Resonance Energy Transfer (FRET), High Content Screening (HCS), Other Technologies
3) By Application: Cell Biology, Developmental Biology, Stem Cell and Drug Discovery, Other Applications
4) By End-User: Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Contract Research Organizations (CROs)
Subsegments:
1) By Equipment: Microscopes, Imaging Systems, Light Sheet Microscopes, Cameras And Detectors
2) By Consumable: Cell Culture Plates And Dishes, Reagents And Stains, Media And Supplements, Imaging Sensors
3) By Software: Image Analysis Software, Data Management Software, Visualization Software, Image Processing Tools
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What Are the Primary Drivers Shaping the Live Cell Imaging Market?
The growth of the live cell imaging market is forecasted to be spurred by the increasing cases of cancer. Cancer stands as the second leading cause of deaths around the globe, with one in every six deaths each year linked to this disease. The Australian Institute of Health and Welfare, a government agency in Australia specializing in intensive health and welfare data analysis, reported a rise in diagnosed cancer cases from 156,781 in 2021 to 160,570 in 2022 as of July 2024. This points to a surge of 3,789 cases within a span of a year. Live cell imaging technology is invaluable in propelling and authenticating cancer immunotherapy, as it helps visualize, characterize, and assess the biological process of living cells. Hence, the surging incidence of cancer is propelling the expansion of the live-cell imaging market.
Which Companies Are Leading in the Live Cell Imaging Market?
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., Bio-Rad Laboratories Inc., NanoEnTek Inc., Danaher Corporation, Agilent Technologies Inc., Leinco Technologies, Phasefocus Ltd.
What Are the Major Trends Shaping the Live Cell Imaging Market?
The predicted shortage of skilled professionals is likely to hinder the growth of the live cell imaging market. The complex nature of live cell imaging technology necessitates the need for highly trained individuals capable of understanding and studying cellular functions. As per Healthcare-in-Europe.com, a digital platform that offers insights into the latest trends, innovations, and progress in the medical science field, both the UK and Europe are expected to experience a significant deficit in laboratory expertise in the coming decade, particularly in medical laboratories. In addition, research conducted by the Gatsby Foundation reveals that an additional 700,000 technicians will be necessary to bolster the UK economy by the end of 2030. As such, the impending scarcity of skilled professionals could potentially impede the expansion of the market in the future.
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What Are the Top Revenue-Generating Geographies in the Live Cell Imaging Market?
North America was the largest region in the live cell imaging market in 2024. The regions covered in the live cell imaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Live Cell Imaging Market?
2. What is the CAGR expected in the Live Cell Imaging Market?
3. What Are the Key Innovations Transforming the Live Cell Imaging Industry?
4. Which Region Is Leading the Live Cell Imaging Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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