Global Live Cell Imaging Market Overview:
The development of the live cell imaging industry is ascribed to the implementation of high-content screening methods in drug discovery, increasing chronic disease incidence requiring greater and faster diagnostic equipment, and public financing for cell-based studies.
The World Health Organization WHO expects chronic illness to rise by 57% by 2020. Increased demand for healthcare systems owing to chronic disease incidence has become a significant problem. Increasing age-related and lifestyle-related chronic diseases increase healthcare demand and spending. In developing economies, cancer and heart disease become the primary causes of death due to urbanization, sedentary lifestyles, changing diets, increasing rates of obesity, and extensive accessibility of tobacco products.
According to WHO, China and India presently have the largest amount of diabetes sufferers worldwide; more than 98 million and 65 million people, respectively. Thus, owing to the growing incidence of chronic diseases, there is strong demand for medical devices that allow early detection and rapid diagnosis, which could be particularly impactful.
Government projects also support cell-based studies. For example, the National Center for Advancing Translational Sciences NCATS Small Business Innovation Research SBIR offers tiny companies focused on assays and high-throughput screening fresh financing opportunities. All these attempts are anticipated to increase market growth over the forecast period.
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Global Live Cell Imaging Market Scope of the Report:
Live cell imaging methods enable for real-time examination of every aspect of cellular function under ordinary and experimental examinations.
Global Live Cell Imaging Market Key trends:-
Equipment Segment Under Product is Expected to Grow Fastest During the Forecast Period:
Segment equipment retained maximum share in 2018. They include microscopes, cell analyzers, imaging systems and stand-alone devices. Recent technological advances in microscopes increased market growth. For example, inverted study grade microscope endorsed imaging of adherent cells and organelles and yielded outcomes for tissue segments below 5 um thickness. The general industry trend is moving toward automation, system integration, and maximizing microscopic information generation. The increased use of live cell imaging among cell biologists to comprehend the basic nature of cell function and structure led in the above-mentioned change.
North America Region currently holds Live Cell Imaging Market’s largest market share and is expected to follow the same trend over the forecast period:
In 2018, North America dominated market share. The generous investment and financing in live cell imaging studies is the main driver in this region. In 2016, the Government of Canada also announced financing to assist Canada Research Chairs. This fund was component of complete infrastructure financing worth more than USD 164 million. Cell imaging projects in plant development, untaken by McGill University, are also included in this program.
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Global Live Cell Imaging Market Competitive Landscape:
Several significant players, including Becton, Dickinson and Company, Carl Zeiss, and Leica Microsystems, form the live cell imaging market. Companies are implementing some strategic measures such as mergers, fresh product launches, acquisitions, and alliances that will assist them strengthen their market position. For example, in March 2018, Nikon Corporation published a fresh product N-SIM S Super-Resolution Microscope that allows super-solution imaging of live cells 10 times higher than standard structured illumination microscopy SIM.
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