Global Cell Sorting Market Overview
The key driver impacting the cell sorting market is the rapidly expanding pharmaceutical and biotechnology industries across the world. The rapidly growing pharmaceutical and biotechnology industries are estimated to boost demand for cell sorting techniques in drug discovery and other research applications in the coming years. For instance, As per the Biotecnika Organisation, Globally, the United States is the leading biotech player, with over 112 billion U.S. dollars of revenue, and the total market capitalization of the industry is 700 billion U.S. dollars. Indian biotechnology is growing at a high pace globally. As per the India Brand equity foundation, the Indian Biotech industry accounts for US$ 63billion in 2019 and is estimated to reach US$ 150 billion by 2025, with a 16.4% CAGR. By 2025, the Indian biotechnology industry's contribution to the global biotechnology market is likely to grow to 19% from 3% in 2017. Moreover, the growing research in cell sorting technology leading to substantial technological advancement in cell sorters is estimated to be a significant factor that adds growth to the market.
According to Value Market Research, the global cell sorting market was valued at around USD 390 million in 2020 and is estimated to grow at a CAGR of about 15% during the forecast period of 2021 to 2027.
The growing prevalence of cancer and HIV is expected to accelerate the cell sorting procedures for cancer research, thus estimated to improve market demand in the forecast period. for instance, according to a WHO report, globally, cancer is the second leading cause of death and accounts for 9.6 million deaths in 2018. there are 1 in 6 deaths that take place due to cancer. as per the UNAIDS organization 2020 report, globally, around 38.0 million people were living with HIV in 2019. since the coronavirus epidemic (end 2019), approximately 75.7 million people have become infected with HIV. however, cell sorting products' high costs may hamper the global cell sorting industry in the long run. also, the lack of technical knowledge and awareness regarding cell sorters use is negatively impacting the growth of the market. the current industry trends, such as the emergence of microfluidics technology for cell sorting, and increasing research in stem cells, are expected to provide beneficial market opportunities for the market players.
The cell sorting market is vast, with many local and global players. the key leaders follow several strategies to improve their market position, such as mergers, acquisitions, expansions, product innovations, and extending product portfolio, to boost their market share globally. for instance, in 2018, Becton Dickinson Company introduced its new BD FAC Symphony S6 cell sorter to offer an enhanced cell population sorting to evaluate cell phenotypes for multi-omics immunology research purposes. The known players included in the report Becton, Dickinson, and Company, Miltenyi Biotec GmbH, Bio-Rad Laboratories, Inc., Beckman Coulter. Inc, On-Chip Biotechnologies Co., Ltd., Sony Biotechnology Inc., Cytonome/St, LLC, Thermo Fisher Scientific, Inc., Union Biometrica, Inc.
In this research report, the cell sorting market is segmented by product, technology, application, end-use, and region.
By product, the report is categorized into cell sorters, services, and reagents & consumables. The cell sorters segment dominates the product segment with a 40% market share in 2020. It is due to its extensive adoption in research and diagnostic laboratories, academic and medical institutes, and pharmaceutical & biotechnology companies as it is the most advanced technology. Moreover, the introduction of novel instruments has eased the sorting procedure, and led to faster results, contribute to the vast market demand from a wide range of industries.
Analysis by Technology:
By technology, the report is categorized into fluorescence-based droplet cell sorting, jet-in-air cell sorting, cuvette-based cell sorting, magnetic-activated cell sorting, and MEMS – microfluidics. The Fluorescence-based Droplet Cell Sorting (FACS) segment dominates the technology segment with the highest market share in 2020. It is due to the high accuracy and precision sorting associated with this method that increased the usage of fluorescence- based cell sorters in various research laboratories. Moreover, the FACS offers higher purity and recovery of cells than other methods, thus contributing to the growth of the FACS segment in the forecast period.
Analysis by Applications:
By applications, the report is categorized into research applications, immunology & cancer research, stem cell research, drug discovery, other research applications, and clinical applications. The research applications segment dominates the application segment with the highest market share in 2020. It is due to the increasing usage of cell sorters for various applications such as immunology & cancer research, drug discovery, and stem cell research. Moreover, the rising cancer research which majorly employs cell sorting, contributing to the vast market demand for research activities in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into research institutions, medical schools and academic institutions, pharmaceutical and biotechnology companies, and hospitals and clinical testing laboratories. The research institutions segment dominates the end-user segment with a 45% market share in 2020. It is due to its high adoption of cell sorting techniques for cellular analysis in the field of cancer, drug discovery, stem cells, cell engineering, and protein engineering. Moreover, flow cytometry-based sorting plays a huge role in therapeutic product development due to its ability to analyze heterogeneous cell populations, thus contributes to the massive market demand from research institutions in the forecast period.
Analysis by Region:
In the regional outlook of the global cell sorting market, the North America region dominates with a maximum market share of 30% in 2019. It is due to considerable investments in the pharmaceutical & biotechnology industries and the growing adoption of this technique in the development of new therapeutics and cancer research in countries such as the U.S. Moreover, the increasing incidence of cancer in the U.S. and advancements in sorting instruments contribute to the development of the cell sorting market across North America.
Market Segmentation covered in the Report:
- Cell Sorters
- Reagents and Consumables
- Fluorescence-based Droplet Cell Sorting
- Jet-in-air Cell Sorting
- Cuvette-based Cell Sorting
- Magnetic-activated Cell Sorting
- MEMS - Microfluidics
- Research Applications
- Immunology & Cancer Research
- Stem Cell Research
- Drug Discovery
- Other Research Applications
- Clinical Applications
- Research Institutions
- Medical Schools and Academic Institutions
- Pharmaceutical and Biotechnology Companies
- Hospitals and Clinical Testing Laboratories
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.