The cell sorting market is expected to register a CAGR of nearly 7.3% during the forecast period.
Due to the pandemic, all the research and development programs have been only for developing drugs and vaccines related to the coronavirus, and all other programs have come to a halt. Many biotech and pharma companies have stopped producing due to the lack of labor during the lockdown globally. The growing market has not been as expected due to the companies' disruption of research programs and less procurement of cell sorters.
The cell sorting market will show rapid growth due to the growing prevalence of HIV and cancer, expanding pharmaceutical and biotechnology industries, and technological advancements in cell sorters.
HIV continues to be a major global public health issue. The vast majority of people living with HIV are located in low- and middle-income countries. According to UnAIDs, 2020 estimates, around 38.0 million people globally had AIDS as of 2019. 1.7 million got newly infected.
Over the years, cell sorting was combined with molecular biological techniques and proteomics for characterizing metastatic and primary cancer cell populations and single tumor cells. According to Globocan, 19.29 million people got newly diagnosed with cancer for the year 2020. In 2020, an estimated 1,806,590 new cases of cancer were diagnosed in the United States, and 606,520 people died due to the disease as per National Cancer Institute. With the growing prevalence of cancer, the demand for cell sorters also increases for characterizing tumors.
However, the high cost of the devices and the lack of awareness of the advantages of these cell sorters restrain the market in the forecast period.
Key Market Trends
Fluorescence-based Droplet Cell Sorting (FACS) is Expected to be the Largest Growing Segment in the Cell Sorting Market
The fluorescence-based droplet cell sorting segment is expected to grow during the forecast period due to it being a highly accurate and precise sorting method. It is essential in numerous biological assays requiring high-throughput analysis and sorting of single cells. The gold standard technology for this purpose is fluorescence-activated cell sorting (FACS).
It provides a method of filtering a mixture of living cells in two or more vessels, one cell at a time, based on light scattering light and fluorescent features of each cell. It is a useful scientific tool, as it provides a fast, purposeful, and balanced recording of fluorescent signals from individual cells as well as the body classification of specific cells of interest.
FACS is thus anticipated to be the segment driving the growth of the cell sorting market during the forecast period, owing to its accuracy and increasing applications. In addition, it offers higher purity and recovery of cells as compared to other methods, though the cells are lost due to mortality.
Moreover, the growing incidence of diseases like HIV and cancers is increasing the demand for these devices. The International Agency for Research on Cancer 2020 estimates that worldwide, one person in 5 develops cancer at some point in life, and 1 in 8 men and 1 in 11 women die from the disease. These new estimates showed that more than 50 million people live within five years of a previous cancer diagnosis for the year 2020. The number of older people worldwide and the economic and economic pressures remain among the factors contributing to this increase. The growing population of patients needing diagnosis is increasing the segment growth.
North America is Found Leading the Cell Sorting Market
North America has dominated the market due to the high investments in the pharmaceutical and biotechnology industries and the increasing adoption of this technique in cancer research, as well as the development of new therapeutics in countries such as the United States.
In addition, the rising incidence of cancer and other infectious diseases in the country drives regional growth. According to the Centers for Disease Control and Prevention, the number of visits to physician offices with infectious and parasitic diseases as the primary diagnosis was 15.5 million for the year 2018 in the country. The increasing rates of cancer and diseases that require cell sorting and the increasing healthcare expenditure in the country boost the market growth in the region.
The cell sorting market's growth in these regions can be attributed to advanced research infrastructures, significant health care spending, and increase government funding for research. According to Patented Medicine Prices Review Board - Annual Report 2018, the pharma expenditure in Canada increased from CAD 0.79 million in 2014 to CAD 0.89 million in 2018. The increase in fundings and the rising prevalence of chronic diseases boost the market growth in the region.
Competitive Landscape
There has been a presence of a considerable number of companies that are mainly focusing on agreements and expansions to strengthen their business operations. Key companies are engaged in significant strategic initiatives such as regional expansion, product development, and strategic collaborations and partnerships. Some of the major players are Becton, Dickinson and Company, Miltenyi Biotec GmbH, Bio-Rad Laboratories Inc., Beckman Coulter Inc. (Danaher Corporation), etc.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Becton, Dickinson and Company
- Beckman Coulter Inc. (Danaher Corporation)
- Bio-Rad Laboratories Inc.
- Sony Biotechnology Inc. (Sony Corporation of America)
- Miltenyi Biotec GmbH
- Affymetrix Inc. (Thermo Fisher Scientific )
- Sysmex Partec GmbH (Sysmex Corporation)
- On-Chip Biotechnologies Co. Ltd
- Cytonome/St LLC
- Union Biometrica Inc.
- NanoCellect Biomedical
- Namocell Inc.
- Bulldog Bio Inc.
- Cell Microsystems Inc.
- Molecular Devices LLC
Methodology
LOADING...