The cell sorting market is expected to reach $247.4 Million by 2021 from $176.5 Million in 2016, at a CAGR of 7.0% between 2016 and 2021. Factors such as technological advancements in cell sorters, rising funding and investments for development of innovative cell sorting techniques, growing adoption of cell sorter techniques in research activities, and launch of specific reagents for specific applications are driving the growth of this market.
This report covers the cell sorting market across four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the global market in 2016, followed by Europe and Asia-Pacific. The Asia-Pacific market is expected to register the highest CAGR during the forecast period. The high growth of this regional segment can be attributed to growing prevalence of diseases such as cancer and HIV/AIDS, increasing research initiatives, and expansions by key players in APAC countries.
Key Factors Driving Growth of Cell Sorting Market:
1. Technological advancements in cell sorters
2. Increasing research activities focused on cell sorting technologies
3. Increasing funding and investments for development of technologically advanced cell sorters
4. Growing prevalence of HIV and Cancer patients
5. Expanding pharmaceutical and biotechnology industry
6. Launch of novel reagents for specific applications
Key Market Opportunities in Cell Sorting Market:
1. Emerging markets
2. Emergence of microfluidics technology for cell sorting
3. Growth in stem cell research
On the basis of technology, the global cell sorting market is segmented into fluorescence-based droplet cell sorting, magnetic-activated cell sorting (MACS), and micro-electromechanical systems (MEMS)-microfluidics. The MEMS-microfluidics segment is expected to grow at the highest CAGR owing to the easy multiplexing capabilities offered by this technique for higher throughput and low-cost operations eliminating the requirement of skilled labor.
On the basis of product and service, the global cell sorting market is segmented into cell sorters, reagents & consumables, and services. The cell sorters segment is expected to account for the largest share of the market in 2016. The large share of this segment can be attributed to the increasing development of technologically advanced cell sorters, growing research activities across the globe, and growing applications of cell sorting in both research and clinical practices.
On the basis of application, the global market is segmented into research applications and clinical applications. The research applications segment is expected to grow at the highest CAGR during the forecast period owing to increasing adoption of cell sorters in various research applications, such as immunology research, stem cell research, and drug discovery.
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As of 2015, Becton, Dickinson and Company (U.S.), Beckman Coulter, Inc. (U.S.), and Bio-Rad Laboratories, Inc. (U.S.) dominated the global cell sorting market. In the past three years, these companies adopted product launches, product showcase, agreements, and partnerships as their key business strategies to ensure market dominance. Miltenyi Biotec GmbH (Germany), Sony Biotechnology, Inc. (U.S.), Affymetrix Inc. (U.S.), Sysmex Partec GmbH (Japan), On-Chip Biotechnologies Co., Ltd. (Japan), Cytonome/ST, LLC (U.S.), and Union Biometrica, Inc. (U.S.) are some of the other players in this market.
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