Latest News- Cell Sorting Market: Pharmaceutical and biotechnology companies is expected to lead the End-user segment during 2024-2028

The Cell Sorting Market is being driven by Increasing prevalence of chronic diseases

The Cell Sorting Market is expected to grow at a CAGR of 8.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 142.9 million. In the business context, the escalating crime rates, as evidenced by the OECD's homicide rate of 2.6 per 100,000 inhabitants and the US rate of 7.5 per 100,000 inhabitants as of April 2024, have led to significant investments in forensic research. Genetic profiling, a sophisticated technology, plays a pivotal role in this field. Genotyping technologies enable investigators to extract a reliable genetic profile from minute biological evidence, contributing to the identification of offenders and bringing justice to victims. This technological advancement is a valuable asset for law enforcement agencies in their quest for solving complex cases. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Pharmaceutical and biotechnology companies
  • Hospitals and clinical testing laboratories
  • Others
• Technology
  • Fluorescence-based droplet cell sorting
  • Magnetic-activated cell sorting
  • Micro-electromechanical systems
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic diseases
• Rise in demand for clinical diagnosis
• Increasing funding for cell-based research

However, the market also witnesses some limitations, which are as follows:

• Lack of trained laboratory professionals
• Technical challenges in cell separation techniques
• High cost and failure rates in clinical trials

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Market Scope in Cell Sorting Market Research Report

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Research Analysis Overview

The Cell Sorting Market encompasses the use of advanced technologies like cell sorters for separating and isolating specific cells based on variations in cell size, surface protein expression, morphology, and other characteristics. Key areas of interest include cancer, HIV, Alzheimer's disease, and chronic diseases such as diabetes. Funding and investments in this field are surging due to the potential for novel therapeutics in pharmaceutical and biotechnology. Technologies like single cell sorting, magnetic cell sorting, IsoRaft arrays, DEPArrays, microfluidic technology, and flow cytometry are driving research activities in this sector. Cancer incidences and HIV infections, as well as the need for understanding and treating complex diseases like Alzheimer's, are significant factors fueling market growth. Cell sorting plays a crucial role in the development of new therapeutics for various chronic diseases, including cancer, HIV, and diabetes.

Market Research Overview

The global life sciences tools and services market encompasses companies and products involved in the research and development (R&D) of various categories, including capital equipment, instruments, accessories, and consumables. These tools are utilized in the pharmaceutical and biotechnology sectors for the production of drugs and diagnostics. Notable applications include the investigation of HIV, cancer, and Alzheimer's disease. The market's expansion is influenced by several factors, such as the escalating elderly population, growing healthcare expenditures, and escalating research funding and investments in HIV, cancer, and pharmaceutical industries. Technavio projects the global healthcare market's growth, which includes the revenue generated by equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services, to be driven by these factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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