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Cancer Incidence As A Catalyst For Growth In The Live Cell Imaging Market: Transformative Forces Shaping the Live Cell Imaging Market Landscape in 2025
Live Cell Imaging Market
What Will the Live Cell Imaging Industry Market Size Be by 2025?
The market for live cell imaging has seen swift expansion in the past few years. The market, which is expected to be worth $4.99 billion in 2024, is projected to increase to $5.72 billion in 2025. This represents a compound annual growth rate (CAGR) of 14.7%. The market's growth during its earlier stages is associated with developments in drug discovery, cancer research, biotech and biopharmaceutical industries, clinical applications, and the fields of cellular and molecular biology.
What's the Long-Term Growth Forecast for the Live Cell Imaging Market Size Through 2029?
In the coming years, it is anticipated that the market size of live cell imaging will witness robust growth. By 2029, it is expected to reach a value of $9.94 billion, with a compound annual growth rate (CAGR) of 14.8%. This growth during the forecast period can be traced back to several factors such as infectious disease research, the rise of personalized medicine, environmental and ecological research, among others. Main trends observed during this forecast period could comprise 3D and 4D imaging, advanced resolution microscopy, high-content screening, software designed for tracking live cells, and microfluidic devices.
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What Are the Key Growth Drivers Fueling the Live Cell Imaging Market Expansion?
The anticipated growth of the live cell imaging market is projected to be driven by the escalating prevalence of cancer in the upcoming time frame. Ranking as the second leading cause of death globally, cancer is responsible for one out of every six fatalities annually. As an example, the Australia-based governmental agency, Australian Institute of Health and Welfare, focusing on the provision of in-depth health and welfare data and analysis, noted a rise in cancer cases in Australia. The count increased from 156,781 diagnoses in 2021 to 160,570 in 2022, marking a surge of 3,789 cases throughout the year. Live cell imaging technology serves as a crucial instrument in progressing and affirming cancer immunotherapy, as it aids in visualizing, describing, and assessing the biological processes of living cells. Therefore, the escalating prevalence of cancer propels the growth of the live cell imaging market.
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What Are the Key Trends Driving Live Cell Imaging Market Growth?
The expansion of the live cell imaging market is anticipated to be hindered due to a dearth of proficient specialists. Mastery in live cell imaging technology is essential for professionals to comprehend and analyze cellular functions. As suggested by Healthcare-in-Europe.com, a website providing updates on medical technology trends, innovative processes and breakthroughs in medical research, significant lab skill deficits in the UK and Europe are expected in the upcoming decade, with medical laboratories being particularly hit hard. Furthermore, research by the Gatsby Foundation notes a potential need for an additional 700,000 technicians to boost the UK's economy by 2030. Therefore, this scarcity of highly trained professionals is expected to act as a roadblock to market development in the future.
How Is the Live Cell Imaging Market Segmented?
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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Which Companies Are Leading the Charge in Live Cell Imaging Market Innovation?
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 dic*kinson 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.
Which Regions Are Leading the Global Live Cell Imaging Market in Revenue?
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.
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