High-end Cellomics Market 2022-2031 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects | FMI
According to a recent Future Market Insights (FMI) industry analysis, the demand in the high-end cellomics market is expected to top US$ 288.8 Mn in 2021, growing at a CAGR of 6.4% during the forecast period 2021-2031.
High-end cellomics is a process that is utilized in drug
discovery and biological research to identify substances such as small
molecules, RNAi or peptides which alter the phenotype of a cell in a wanted
manner.
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The global high-end
cellomics market is primarily driven by increasing technological advancement in
imaging solutions. Technological advancements such as the usage of polarization
methods, multicolored fluorescence-based reagents, automated imaging
technology, and flow cytometry are also anticipated to boost the market growth
further.
Increasing investment in research and development in
cellular science of novel molecules by private and government organizations,
technological advancement in imaging solutions, and advantages related to these
innovations such as improved scope for pplication in gene documentation &
neonatal development learning will drive the high-end cellomics market.
Key Takeaways from High-end Cellomics Market Study
- The
global high-end cellomics market is expected to reach US$ 536.9 Mn by
2031.
- By
application, drug discovery accounted for 55.5% of overall sales in 2021
and is expected to continue to grow at the same trend during the forecast
period.
- By
end-users, pharmaceutical and biotechnology companies will account for the
largest share of 51.8% during the forecast period.
- By
region, North America held the largest share of 32.7% of the global
high-end cellomics market.
- By
country, the U.S. is the most lucrative market in the global high-end
cellomics market with US$ 81.7 Mn revenue in 2021.
“Growing adoption by independent CROs, extensive
R&D in drug discovery and development of advanced imaging systems will
propel the market for high-end cellomics,” says a FMI analyst.
Who is Winning?
Some of the leading manufacturers of high-end cellomics are
focusing on product approvals and launch strategies for global expansion
objectives, thereby, enhancing their market presence. The leading key players
are focusing on strategic alliance to expand the product offerings.
Yokogawa Electronic Corporation in December 2020, agreed
with InSphero AG to jointly promote the use of Yokogawa’s high-end cellomics
systems for drug discovery research which actively involves the use of 3D in
vitro models.
The key market players covered by FMI include PerkinElmer,
Inc., ThermoFisher Scientific, Inc., Molecular Devices LLC (part of Danaher
Corporation) and Yokogawa Electric Corporation.
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