Cell Counting Market: Growing biotechnology and biopharmaceutical industries
Posted by Kriti on May 28th, 2021
The research study involvestwo major activities in estimating the current size of the cell counting market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing estimates with industry experts across the value chain through primary research. Revenue-based estimation approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments.
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Major Market Growth Drivers:
Revenue Growth Analysis:
On the basis of application, the Cell counting consumables market is segmented into research, medical, and industrial applications. The medical application segment will grow at the highest CAGR in the cell counting market. Increasing government initiatives in stem cell research and the wide usage of cell counting in research are the major factors driving the growth of the research applications segment during the forecast period.
The hospitals and diagnostic laboratories segment is expected to grow at the highest CAGR during the forecast period
On the basis of end users, the Cell counting consumables market is segmented into research institutes, hospitals & diagnostic laboratories, pharmaceutical & biotechnology companies and CROs, and other end users. The hospitals and diagnostic laboratories will grow at the highest CAGR during the forecast period. The high growth of this segment can primarily be attributed to the growing regulatory approvals for cell culture-based vaccines, increasing pharmaceutical R&D expenditure, and commercial expansion of various pharmaceutical companies.
The Asia Pacific region is expected to account for the largest share of the cell counting market during the forecast period
The APAC region is expected to grow at the highest CAGR during the forecast period. The large growth of this segment can be attributed to factors such as the growing number of proteomics, genomics, and stem cell research activities; increasing research funding; increasing investments by pharmaceutical and biotechnology companies; and the growing trend of research infrastructure modernization.
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Key Cell counting Consumables Market Players:
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About the AuthorKriti
Joined: July 3rd, 2019
Articles Posted: 390
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