Bio-Techne (US) and Yokogawa Electric Corporation (Japan) are Leading Players in the Flow Imaging Microscopy/Dynamic Image Analysis Market
The global flow imaging microscopy market size is projected to reach USD 45 million by 2025 from USD 32 million in 2020, growing at a CAGR of 7.4%. Increasing research activities in the field of nanotechnology, increasing investments in pharmaceuticals, stringent regulatory guidelines for product quality across industries are some of the key factors driving the flow imaging microscopy market. However, technological limitation hinder the growth of this market.
The major players operating in the global flow imaging microscopy market include Bio-Techne (US), Yokogawa Electric Corporation (Japan), Microtrac MRB (Germany), Micromeritics Instrument Corporation (US), Fritsch (Germany), Haver & Boecker (Germany), Spectris (UK), HORIBA (Japan),Shimadzu Corporation (Japan), (Germany), Anton Paar (Austria), Bettersize Instruments (China), and Occhio (Germany). An analysis of the market developments between 2017 and 2020 revealed that several growth strategies such as product launches, partnerships, agreements, expansion and merger & acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the flow imaging microscopy market. Among these business strategies, expansion and merger & acquisitions were the most widely adopted growth strategies by market players.
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Bio-Techne (US) held the leading position in the global flow imaging microscopy market. The company offers high-quality purified proteins and reagent solutions, antibodies, immunoassays, biologically active small molecule compounds, tissue culture reagents and T-Cell activation technologies. The company primarily focuses on new product launches as its key business strategy to sustain its leading position in the market. The company has a global presence. In addition, company opened a new office in Canada to support the Canadian life sciences industry as well as expectations for continued growth in this geography.
Yokogawa Electric Corporation (Japan) secured the major player in the global flow imaging microscopy market. The company has adopted merger & acquisition as its key growth strategy in order to strengthen its position and ensure future growth in the market. In April 2020, Yokogawa Electric Corporation Instruments Fluid Imaging Technologies, Inc. (US) To expand the portfolio of cell observation solutions offered by its life innovation business and thereby strengthen its business in the bioeconomy market. The company has been increasingly investing in research and development in order to accelerate its market growth. For instance, in 2019, it invested around 6.8% of its sales in the R&D of the company. This heavy investment in R&D is driving the growth of the company in the flow imaging microscopy market.
Related Reports:
Flow Imaging Microscopy/Dynamic Image Analysis Market by Type (Small Biomolecules, Nanofibers, Viscous Liquids), Dispersion (Wet/Dry Dispersion), Enduser (Pharma-Biotech Cos, CROs, CMOs, F&B, Petrochemicals, Water Testing) - Global Forecast to 2025
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