Cell Counting Market

Cell Counting Market Size By Product (Consumables & Accessories and Instruments), By Application (Stem Cell Research, Bioprocessing, Complete Blood Count, Cell-Based Therapeutics, Toxicology, and Others), and By End-User (Research & Academic Institutes, Hospitals & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14216
  • Published Date: Mar, 2024
  • Pages: 237
  • Category: Healthcare
  • Format: PDF
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The global cell counting market was valued at USD 8.1 billion in 2023, growing at a CAGR of 7.4% from 2024 to 2033. It is expected to reach USD 16.5 billion by 2033. Rapid technological developments in cell counting equipment and reagents have raised sales, stimulated product innovation, and increased production, all of which have contributed to the prediction of market expansion.

Market Introduction:

The technique of quantifying cells in life science, including medical diagnosis and treatment, is called cell counting. It is an important branch of cytometry used in both scientific and clinical settings. For seeding cells for later research, evaluating immortalisation or transformation, transfection, or infection, and getting ready for cell-based assays, cell counts are crucial for keeping track of the health and rate of cell proliferation. The concentration of white blood cells and red blood cells, the existence of infections, and the toxicity effects of particular medications on model cells are all determined by cell counting. It also aids in figuring out how much reagent and chemical should be added to a solution. The expansion of the cell counting market has been fuelled by the advantages of cell counting and an increase in worldwide research efforts. Cell counting reduces intra-tumour heterogeneity, crucial in figuring out how far along a patient's cancer is in their body. Furthermore, it detects primary tumours, metastatic cancers, and circulating malignancies, which aids in therapeutic targeting, monitoring, and selecting future treatment modalities. A growing number of people need cell counts as a result of rising cancer and AIDS rates.

Cell Counting Market Size

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Recent Development

In September 2022, Thermo Fisher Scientific Inc. acquired the Binding Site Group ("The Binding Site"), a global leader in speciality diagnostics, from a shareholder group led by the European private equity firm Nordic Capital in an all-cash transaction valued at £2.25 billion, or $2.6 billion, as of this writing.

In September 2022, Thermo Fisher Scientific Inc. created the Gibco CTS DynaCellect Magnetic Separation System (DynaCellect) to transition cell therapy firms from process and clinical development to commercial manufacture. This state-of-the-art tool for cell depletion, activation, separation, and removal of Dynabeads magnetic beads provides an automated, closed, scalable, and flexible system to help expedite the manufacturing of cell treatments. Consequently, DynaCellect ensures that the right cells are found and that production errors are minimised.

Market Dynamics:

Drivers

The growing prevalence of AIDS and cancer- Globally, the number of cases of cancer and AIDS is increasing, which has led to a significant growth in the need for cell counting. Assessing intra-tumour heterogeneity, a critical step in figuring out how rapidly cancer moves throughout the patient's body is made simpler by counting cells. Cell counting is useful in identifying and classifying primary tumours, metastatic tumours, and circulating tumours.

Restraints:

High price- The market's expansion may be hampered by smaller labs' or research institutes' inability to afford the high cost of cell counting equipment. Cell counting equipment can vary greatly in price depending on the brand, features, and technology. For example, state-of-the-art features such as fluorescence imaging or flow cytometry in automated cell counters may run into the tens of thousands or even hundreds of thousands of dollars. Consumables and reagents are required to run the instrument, and in addition to its cost, the total cost is potentially increased.

Opportunities:

Increasing government funding- The healthcare industry has experienced substantial expansion due to increased investments from governmental and business sources. Large investments have allowed hospitals, educational institutions, research institutes, and other medical facilities to obtain the newest cell-counting equipment due to the expansion of infrastructure. The growing amount of money spent on research is expected to give the business enormous opportunity.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global cell counting market, with a 39.8% market revenue share in 2023.

The advanced healthcare industry, the rising incidence of chronic illnesses like cancer and AIDS, the government-initiated R&D initiatives, and the heightened focus on biomedical, stem cell, and cancer research are all factors propelling market expansion in North America. Moreover, the region's expansion can be ascribed to the extensive presence of noteworthy rivals and the prompt adoption of cell-counting technologies in the industry. Factors predicting market growth include the availability of skilled workers, a large genome pool, less comprehensive standards for therapeutic advancement, inexpensive expansion costs, and accessibility.

North America Region Cell Counting Market Share in 2023 - 39.8%

 

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Product Segment Analysis

The product segment is divided into consumables & accessories, and instruments. The consumables & accessories segment dominated the market, with a market share of around 58% in 2023. These devices require a variety of consumables and accessories, such as magnetic beads, chamber slides, microplates, and reagents. Their widespread use contributes to the expansion of accessories and consumables. The introduction of innovative items also promotes market expansion.

Application Segment Analysis

The application segment is divided into stem cell research, bioprocessing, complete blood count, cell-based therapeutics, toxicology, and others. The complete blood count segment dominated the market, with a market share of around 25% in 2023. The complete blood count is one of the most used tests to assess a person's overall health. The test measures numerous blood components, such as RBC, WBC, haemoglobin, hematocrit, and platelets. Leukaemia and anaemia are two blood disorders frequently monitored using complete blood counts, and both illnesses are anticipated to fuel market expansion.

End-User Segment Analysis

The end-user segment is divided into research and academic institutes, hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, and others. The research and academic institutes segment dominated the market, with a market share of around 34% in 2023. The high percentage in cell biology research investigations can be explained by the widespread use of cytometers. Scientists use cytometers to assess physical characteristics, kind, and ancestry to investigate the evolution of viruses, diseases, and other microbes.

Some of the Key Market Players:
  • Merck KGaA
  • PerkinElmer, Inc.
  • Danaher
  • BioTek Instruments, Inc.
  • DeNovix Inc.
  • ThermoFisher Scientific, Inc.
  • Agilent Technologies
  • BD
  • Bio-Rad Laboratories, Inc.
  • GE Healthcare

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 8.1 Billion
Market size value in 2033 USD 16.5 Billion
CAGR (2024 to 2033) 7.4%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Product, Application, End-User

Frequesntly Asked Questions

As per The Brainy Insights, the size of the cell counting market was valued at USD 8.1 billion in 2023 to USD 16.5 billion by 2033.

The global cell counting market is growing at a CAGR of 7.4% during the forecast period 2024-2033.

North America emerged as the largest cell-counting market.

Key players in the cell counting market are Merck KGaA, PerkinElmer, Inc., Danaher, BioTek Instruments, Inc., DeNovix Inc., ThermoFisher Scientific, Inc., Agilent Technologies, BD, Bio-Rad Laboratories, Inc., and GE Healthcare.

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This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global cell counting market based on the below-mentioned segments:

Global Cell Counting Market By Product:

  • Consumables & Accessories
  • Instruments

Global Cell Counting Market By Application:

  • Stem Cell Research
  • Bioprocessing
  • Complete Blood Count
  • Cell Based Therapeutics
  • Toxicology
  • Others

Global Cell Counting Market By End-User:

  • Research & Academic Institutes
  • Hospitals & Diagnostic Laboratories
  • Pharmaceutical & Biotechnology Companies
  • Others  

Global Cell Counting Market By Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

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Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
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Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
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Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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