Cell Analysis Market

Danaher Corporation (US) and Thermo Fisher Scientific (US) are the Prominent Players in the Cell Analysis Market

The cell analysis market is expected to reach USD 22.7 billion by 2024 from USD 16.0 billion in 2019, at a CAGR of 7.2%. Factors such as increasing government funding for cell-based research and the rising incidence of chronic & infectious diseases are driving market growth. However, the high installation and implementation costs of cell analysis systems and inadequate infrastructure & R&D funding in emerging economies may hinder the growth of the market in the coming years. Despite their limitations, however, emerging economies are expected to showcase significant opportunities for market players in the future.

The prominent players operating in this market include Danaher Corporation (US), Thermo Fisher Scientific (US), Becton, Dickinson and Company (US), Merck KGaA (Germany), GE Healthcare (US), Agilent Technologies, Inc. (US), Olympus Corporation (Japan), PerkinElmer, Inc. (US), Promega Corporation (US), Tecan Group (Switzerland), Miltenyi Biotec (Germany), Carl Zeiss (Germany), Bio-Rad Laboratories Inc (US), and Sysmex Corporation (Japan). Players in this market focused on product launches; partnerships, agreements, & collaborations; and acquisitions to develop and expand their market presence. Between 2017 and 2019, product launches was the key growth strategy adopted by players such as Danaher Corporation, Thermo Fisher Scientific, and Becton, Dickinson and Company.

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Danaher Corporation (US) held a dominant position in the cell analysis market in 2018. Danaher has a strong foothold in the cell analysis market, owing to its strong sales and distribution network. The company’s growth strategy relies on its Life Sciences business segment since it focuses on technical innovations for improved product efficiency. In line with this, Danaher has launched more than ten products in the past three years. Additionally, the company is investing in incorporating cutting-edge technologies into its Life Science business offerings.

Thermo Fisher Scientific (US) is one of the leading players in the cell analysis market. Its leading position is be attributed to its strong brand recognition and extensive product portfolio. The company has a strong foothold in the market, owing to a strong sales and distribution network. It also adopts organic and inorganic growth strategies such as product launches, acquisitions, and expansions in order to maintain its position in the cell analysis market. For instance, in the past three years, the firm has launched more than ten products in the cell analysis market, which has helped it in strengthening its product offerings.

Becton, Dickinson and Company (BD) (US) is one of the key players in the cell analysis market. It is one of the leading manufacturers of cell analysis products. The company specializes in the development and manufacture of single-cell sorters, cell analyzers, and kits that are used in cell analysis procedures. BD’s leading position is attributed to its robust product portfolio and strong geographical presence. In order to improve the efficiency of its cell analysis activities, BD focuses on developing new products, which is evident from its recent product launches. The company’s products are manufactured and sold across the globe. Its products are also marketed in the US and internationally through direct sales and independent distribution channels.

Related Reports:

Cell Analysis Market by Product [Microscope, Spectrophotometers, Flow cytometry (Software, Accessories)], Process (Cell Viability, Cell Proliferation, Signal Transduction), End User (Pharma, Research, Biotechnology Companies) - Global Forecast to 2024

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Report Code
BT 2358
RI Published ON
10/23/2019
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