Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global life cell imaging market was valued at US$ 4.4 billion in 2016 and is estimated to record a CAGR of 8.6% over the forecast period (2017-2025).
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Burgeoning incidence of cancer across the globe has led to a significantly high demand for the development of high-end microscopes, which help scientists or physicians comprehend the structural and functional complexities of the cells of living organisms. This is a pivotal factor that provides lucrative growth opportunities for the global life cell imaging market, as it further calls for the development of innovative therapies to treat this extremely painful chronic disease. According to the World Health Organization (WHO), approximately 8.8 million people worldwide died of cancer in 2015.
In-depth study is necessary for the formulation of effective medication for cancer, and this study is only possible with the help of imaging instruments, such as microscopes and data analyzers, which play a crucial role in the field of drug research & development. Hence, this aspect significantly propels the growth of the global market. The penetration of technologically advanced microscopic equipment, such as bright field microscopes and multi-photon electron microscopes, into the global market has helped innumerable research laboratories and healthcare companies to accelerate their R&D processes and gain accuracy in data analysis, which in turn, is another growth propeller for the global market.
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The cell imaging instruments can also be used to study embryogenesis in the developmental biology studies to observe the phases of the development of an embryo using various animal cell models. The augmented reality imaging in the neurology is also helpful in understanding the electrophysiology of the nerve impulses and signal channel detectors through imaging techniques.
A number of cell imaging system manufacturers around the world are majorly focused on incorporating various technologies for enhanced imaging quality and more efficient imaging studies. Technologies such as Fluorescence Resonance Energy Transfer (FRET), Fluorescent in situ Hybridization (FISH), Reflection Fluorescence Microscopy (TRIF), and Multi-photon Excitation Microscopy, are some of the most common technologies employed by these companies. For instance, in January 2017, Olympus launched a 3D laser measuring microscope with 4K scanning, which offered a fast, intuitive surface metrology.
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- North America and Europe have evolved as the major growth engines in the global life cell imaging market over the past few years.
- Among product types, the cell imaging analyzer systems segment spearheads the global market, due to their extensive use in the development of live cell imaging.
- Among modalities, the stand-alone segment holds the leading position in the global market, due to the accuracy obtained through these devices.
- The key players operating in the global life cell imaging market are Leica Microsystems, Carl Zeiss Meditec AG, Nikon Instruments, Inc., Thermofisher Scientific, Inc., Olympus Corporation, GE Healthcare, Sigma-Aldrich Corporation, Molecular Devices LLC, PerkinElmer, Inc., and Becton-Dickinson and Company.
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